NYSE:ASC Ardmore Shipping - ASC Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Ardmore Shipping Co. Please log in to your account or sign up in order to add this asset to your watchlist. $14.97 +0.05 (+0.34%) (As of 03/24/2023 12:00 AM ET) Add Compare Share Share Today's Range$14.58▼$14.9850-Day Range$12.98▼$18.9352-Week Range$4.21▼$19.41Volume653,985 shsAverage Volume1.04 million shsMarket Capitalization$598.50 millionP/E Ratio4.43Dividend Yield12.02%Price Target$13.17 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Ardmore Shipping MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside12.0% Downside$13.17 Price TargetShort InterestHealthy5.55% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-6.65Upright™ Environmental ScoreNews Sentiment0.26Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth-45.16%From $2.48 to $1.36 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.64 out of 5 starsTransportation Sector107th out of 124 stocksDeep Sea Foreign Transportation Of Freight Industry30th out of 30 stocks 1.5 Analyst's Opinion Consensus RatingArdmore Shipping has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $13.17, Ardmore Shipping has a forecasted downside of 12.0% from its current price of $14.97.Amount of Analyst CoverageArdmore Shipping has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted5.55% of the outstanding shares of Ardmore Shipping have been sold short.Short Interest Ratio / Days to CoverArdmore Shipping has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Ardmore Shipping has recently decreased by 1.77%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend LeadershipArdmore Shipping is a leading dividend payer. It pays a dividend yield of 11.83%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthArdmore Shipping does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Ardmore Shipping is 53.25%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on EPS estimates, Ardmore Shipping will have a dividend payout ratio of 132.35% in the coming year. This indicates that Ardmore Shipping may not be able to sustain their current dividend. Previous Next 0.4 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreArdmore Shipping has received a -78.74% net impact score from Upright. The largest negative impact of Ardmore Shipping in category "GHG emissions" seems to be driven mostly by its "Diesel ship freight transport services for the oil industry", "Diesel ship freight transport services", and "Diesel ship freight transport services for the chemicals industry" products. See details.Environmental SustainabilityThe Environmental Impact score for Ardmore Shipping is -6.65. Previous Next 1.8 News and Social Media Coverage News SentimentArdmore Shipping has a news sentiment score of 0.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.54 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Ardmore Shipping this week, compared to 3 articles on an average week.Search InterestOnly 71 people have searched for ASC on MarketBeat in the last 30 days. This is a decrease of -24% compared to the previous 30 days.MarketBeat Follows14 people have added Ardmore Shipping to their MarketBeat watchlist in the last 30 days. This is an increase of 133% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Ardmore Shipping insiders have not sold or bought any company stock.Percentage Held by Institutions64.35% of the stock of Ardmore Shipping is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Ardmore Shipping are expected to decrease by -45.16% in the coming year, from $2.48 to $1.36 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ardmore Shipping is 4.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.06.Price to Earnings Ratio vs. SectorThe P/E ratio of Ardmore Shipping is 4.43, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 29.09.Price to Book Value per Share RatioArdmore Shipping has a P/B Ratio of 1.28. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Ardmore Shipping (NYSE:ASC) StockArdmore Shipping Corp. engages in the provision of seaborne transportation of petroleum products and chemicals worldwide. It also owns and operates a fleet of tankers. The company was founded by Anthony Gurnee on April 15, 2010 and is headquartered in Pembroke, Bermuda.Read More Receive ASC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Ardmore Shipping and its competitors with MarketBeat's FREE daily newsletter. Email Address ASC Stock News HeadlinesMarch 25, 2023 | finance.yahoo.comArdmore Shipping (ASC) Gains But Lags Market: What You Should KnowMarch 23, 2023 | americanbankingnews.comArdmore Shipping Co. (NYSE:ASC) Receives Consensus Rating of "Buy" from BrokeragesMarch 25, 2023 | Weiss Ratings (Ad)Fed's Shocking New Plan to Control Your MoneyThe Federal Reserve has a disturbing plan that is getting ready to roll out as soon as May. This is a lot more than printing trillions of dollars or manipulating interest rates. It's about every checking account, every purchase and every money transfer in America — including yours and mine. March 22, 2023 | finance.yahoo.comArdmore Shipping Corporation (NYSE:ASC) is largely controlled by institutional shareholders who own 69% of the companyMarch 17, 2023 | americanbankingnews.comArdmore Shipping (NYSE:ASC) Now Covered by Analysts at StockNews.comMarch 8, 2023 | finance.yahoo.comDo Options Traders Know Something About Ardmore Shipping (ASC) Stock We Don't?March 6, 2023 | finance.yahoo.comArdmore Shipping Announces Formation of Sustainability Committee of its Board of DirectorsFebruary 27, 2023 | finance.yahoo.comZacks Industry Outlook Highlights International Seaways, SFL and Ardmore ShippingMarch 25, 2023 | Weiss Ratings (Ad)Fed's Shocking New Plan to Control Your MoneyThe Federal Reserve has a disturbing plan that is getting ready to roll out as soon as May. This is a lot more than printing trillions of dollars or manipulating interest rates. It's about every checking account, every purchase and every money transfer in America — including yours and mine. February 25, 2023 | seekingalpha.comASC Ardmore Shipping CorporationFebruary 17, 2023 | finance.yahoo.comArdmore Shipping Corporation (NYSE:ASC) Q4 2023 Earnings Call TranscriptFebruary 16, 2023 | finance.yahoo.comArdmore Shipping Corporation (ASC) Soars to 52-Week High, Time to Cash Out?February 15, 2023 | finance.yahoo.comArdmore Shipping Full Year 2022 Earnings: Revenues Beat Expectations, EPS In LineFebruary 15, 2023 | markets.businessinsider.comJefferies Keeps Their Buy Rating on Ardmore Shipping (ASC)February 15, 2023 | msn.comArdmore Shipping surges to 52-week high after Q4 beat, dividend declarationFebruary 14, 2023 | finance.yahoo.comInvesting in Ardmore Shipping (NYSE:ASC) a year ago would have delivered you a 328% gainFebruary 13, 2023 | benzinga.comEarnings Preview: Ardmore ShippingFebruary 10, 2023 | finance.yahoo.comArdmore Shipping (ASC) Surges 6.1%: Is This an Indication of Further Gains?February 8, 2023 | finance.yahoo.comScorpio Tankers (STNG) Soars 5.6%: Is Further Upside Left in the Stock?February 7, 2023 | finance.yahoo.comWhat's in Store for Ardmore Shipping (ASC) in Q4 Earnings?February 7, 2023 | finance.yahoo.comArdmore Shipping (ASC) Reports Next Week: Wall Street Expects Earnings GrowthJanuary 27, 2023 | investing.comArdmore Shipping Corporation PT Raised to $20 at Evercore ISIJanuary 25, 2023 | finance.yahoo.comArdmore Shipping (ASC) Moves 5.6% Higher: Will This Strength Last?January 24, 2023 | finance.yahoo.comArdmore Shipping (NYSE:ASC) Might Have The Makings Of A Multi-BaggerJanuary 24, 2023 | finance.yahoo.comThese 2 Transportation Stocks Could Beat Earnings: Why They Should Be on Your RadarJanuary 23, 2023 | finance.yahoo.comCan Ardmore Shipping (ASC) Keep the Earnings Surprise Streak Alive?January 23, 2023 | finance.yahoo.comArdmore Shipping to Host 2023 Investor Day in New YorkSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive ASC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Ardmore Shipping and its competitors with MarketBeat's FREE daily newsletter. Email Address ASC Company Calendar Last Earnings2/14/2023Ex-Dividend for 3/15 Dividend2/27/2023Dividend Payable3/15/2023Today3/25/2023Next Earnings (Estimated)5/03/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Deep sea foreign transportation of freight Sub-IndustryN/A SectorTransportation Current SymbolNYSE:ASC CUSIPN/A CIK1577437 Webardmoreshipping.com Phone(441) 405-7800FaxN/AEmployees1,047Year Founded2010Price Target and Rating Average Stock Price Forecast$13.17 High Stock Price Forecast$20.00 Low Stock Price Forecast$8.50 Forecasted Upside/Downside-12.0%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$3.38 Trailing P/E Ratio4.43 Forward P/E Ratio6.04 P/E GrowthN/ANet Income$138.45 million Net Margins31.06% Pretax Margin31.15% Return on Equity38.49% Return on Assets20.05% Debt Debt-to-Equity Ratio0.34 Current Ratio2.98 Quick Ratio2.68 Sales & Book Value Annual Sales$445.74 million Price / Sales1.34 Cash Flow$4.51 per share Price / Cash Flow3.32 Book Value$11.74 per share Price / Book1.28Miscellaneous Outstanding Shares39,980,000Free FloatN/AMarket Cap$598.50 million OptionableOptionable Beta0.55 Social Links Key ExecutivesAnthony GurneePresident, Chief Executive Officer & DirectorMark CameronChief Operating Officer & Executive Vice PresidentBart B. KelleherChief Financial OfficerSuraj BatraTechnical ManagerGernot RuppeltChief Commercial Officer & Senior Vice PresidentKey CompetitorsEagle Bulk ShippingNASDAQ:EGLEGenco Shipping & TradingNYSE:GNKTeekayNYSE:TKGlobal Ship LeaseNYSE:GSLNavios Maritime PartnersNYSE:NMMView All CompetitorsInstitutional OwnershipTruist Financial CorpBought 32,790 shares on 2/17/2023Ownership: 0.082%Alliancebernstein L.P.Bought 28,400 shares on 2/16/2023Ownership: 0.071%State of WyomingSold 5,173 shares on 2/16/2023Ownership: 0.069%Jane Street Group LLCSold 5,794 shares on 2/15/2023Ownership: 0.038%Vestcor IncBought 10,004 shares on 2/15/2023Ownership: 0.025%View All Institutional Transactions ASC Stock - Frequently Asked Questions Should I buy or sell Ardmore Shipping stock right now? 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ardmore Shipping in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ASC shares. View ASC analyst ratings or view top-rated stocks. What is Ardmore Shipping's stock price forecast for 2023? 4 equities research analysts have issued 1 year price objectives for Ardmore Shipping's stock. Their ASC share price forecasts range from $8.50 to $20.00. On average, they predict the company's share price to reach $13.17 in the next twelve months. This suggests that the stock has a possible downside of 12.0%. View analysts price targets for ASC or view top-rated stocks among Wall Street analysts. How have ASC shares performed in 2023? Ardmore Shipping's stock was trading at $14.41 at the beginning of 2023. Since then, ASC shares have increased by 3.9% and is now trading at $14.97. View the best growth stocks for 2023 here. When is Ardmore Shipping's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023. View our ASC earnings forecast. How were Ardmore Shipping's earnings last quarter? Ardmore Shipping Co. (NYSE:ASC) announced its quarterly earnings data on Tuesday, February, 14th. The shipping company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.02. The shipping company earned $93.33 million during the quarter, compared to analysts' expectations of $83.94 million. Ardmore Shipping had a net margin of 31.06% and a trailing twelve-month return on equity of 38.49%. How often does Ardmore Shipping pay dividends? What is the dividend yield for Ardmore Shipping? Ardmore Shipping declared a quarterly dividend on Tuesday, February 14th. Shareholders of record on Tuesday, February 28th will be given a dividend of $0.45 per share on Wednesday, March 15th. This represents a $1.80 annualized dividend and a yield of 12.02%. The ex-dividend date of this dividend is Monday, February 27th. This is a boost from the stock's previous quarterly dividend of $0.05. Read our dividend analysis for ASC. What ETFs hold Ardmore Shipping's stock? ETFs with the largest weight of Ardmore Shipping (NYSE:ASC) stock in their portfolio include AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), AdvisorShares Alpha DNA Equity Sentiment ETF (SENT), SonicShares Global Shipping ETF (BOAT) and Vanguard US Multifactor ETF (VFMF).iShares Micro-Cap ETF (IWC) and Is Ardmore Shipping a good dividend stock? Ardmore Shipping (NYSE:ASC) pays an annual dividend of $1.80 per share and currently has a dividend yield of 11.83%. ASC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 53.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, ASC will have a dividend payout ratio of 132.35% in the coming year. This indicates that the company may not be able to sustain their current dividend. Read our dividend analysis for ASC. What is Nick Beighton's approval rating as Ardmore Shipping's CEO? 415 employees have rated Ardmore Shipping Chief Executive Officer Nick Beighton on Glassdoor.com. Nick Beighton has an approval rating of 55% among the company's employees. This puts Nick Beighton in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of Ardmore Shipping own? Based on aggregate information from My MarketBeat watchlists, some companies that other Ardmore Shipping investors own include Petra Diamonds (PDL), General Electric (GE), Intelsat (I), AT&T (T), Scorpio Tankers (STNG), AMC Entertainment (AMC), Energy Transfer (ET), Advanced Micro Devices (AMD), Zynga (ZNGA) and Bank of America (BAC). What is Ardmore Shipping's stock symbol? Ardmore Shipping trades on the New York Stock Exchange (NYSE) under the ticker symbol "ASC." Who are Ardmore Shipping's major shareholders? Ardmore Shipping's stock is owned by many different retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (5.73%), Aristotle Capital Boston LLC (5.49%), Private Management Group Inc. (4.71%), Morgan Stanley (2.28%), Arrowstreet Capital Limited Partnership (1.67%) and Two Sigma Investments LP (1.30%). View institutional ownership trends. How do I buy shares of Ardmore Shipping? Shares of ASC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Ardmore Shipping's stock price today? One share of ASC stock can currently be purchased for approximately $14.97. How much money does Ardmore Shipping make? Ardmore Shipping (NYSE:ASC) has a market capitalization of $598.50 million and generates $445.74 million in revenue each year. The shipping company earns $138.45 million in net income (profit) each year or $3.38 on an earnings per share basis. How many employees does Ardmore Shipping have? The company employs 1,047 workers across the globe. How can I contact Ardmore Shipping? Ardmore Shipping's mailing address is Belvedere Building 69 Pitts Bay Road Ground Floor, Pembroke D0, HM08. The official website for the company is ardmoreshipping.com. The shipping company can be reached via phone at (441) 405-7800 or via email at lberman@igbir.com. This page (NYSE:ASC) was last updated on 3/25/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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