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MSFT   277.66 (+1.97%)
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NYSE:ASC

Ardmore Shipping - ASC Stock Forecast, Price & News

$14.92
-0.30 (-1.97%)
(As of 03/23/2023 04:32 PM ET)
Add
Compare
Today's Range
$14.70
$15.82
50-Day Range
$12.98
$18.93
52-Week Range
$4.21
$19.41
Volume
1.44 million shs
Average Volume
1.03 million shs
Market Capitalization
$596.50 million
P/E Ratio
4.41
Dividend Yield
12.06%
Price Target
$13.17

Ardmore Shipping MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
11.8% Downside
$13.17 Price Target
Short Interest
Healthy
5.55% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-6.65
Upright™ Environmental Score
News Sentiment
0.34mentions of Ardmore Shipping in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-45.16%
From $2.48 to $1.36 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.70 out of 5 stars

Transportation Sector

103rd out of 124 stocks

Deep Sea Foreign Transportation Of Freight Industry

28th out of 30 stocks


ASC stock logo

About Ardmore Shipping (NYSE:ASC) Stock

Ardmore 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.

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ASC Stock News Headlines

The gold catalyst we’ve waited for
If you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.
ASC Ardmore Shipping Corporation
Fed's Shocking New Plan to Control Your Money
The 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. 
Jefferies Keeps Their Buy Rating on Ardmore Shipping (ASC)
Earnings Preview: Ardmore Shipping
Ardmore Shipping to Host 2023 Investor Day in New York
Ardmore Shipping Is Sailing With The Wind At Its Back
See More Headlines
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ASC Company Calendar

Last Earnings
2/14/2023
Ex-Dividend for 3/15 Dividend
2/27/2023
Dividend Payable
3/15/2023
Today
3/23/2023
Next Earnings (Estimated)
5/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Fax
N/A
Employees
1,047
Year Founded
2010

Price Target and Rating

Average Stock Price Forecast
$13.17
High Stock Price Forecast
$20.00
Low Stock Price Forecast
$8.50
Forecasted Upside/Downside
-15.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$138.45 million
Pretax Margin
31.15%

Debt

Sales & Book Value

Annual Sales
$445.74 million
Cash Flow
$4.79 per share
Book Value
$11.74 per share

Miscellaneous

Free Float
N/A
Market Cap
$623.69 million
Optionable
Optionable
Beta
0.55

Social Links


Key Executives

  • Anthony Gurnee
    President, Chief Executive Officer & Director
  • Mark Cameron
    Chief Operating Officer & Executive Vice President
  • Bart B. Kelleher
    Chief Financial Officer
  • Suraj Batra
    Technical Manager
  • Gernot Ruppelt
    Chief Commercial Officer & Senior Vice President













ASC Stock - Frequently Asked Questions

Should I buy or sell Ardmore Shipping stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ardmore Shipping in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street 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 brokers have issued 1 year target prices for Ardmore Shipping's stock. Their ASC share price forecasts range from $8.50 to $20.00. On average, they anticipate the company's share price to reach $13.17 in the next twelve months. This suggests that the stock has a possible downside of 12.5%.
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 on January 1st, 2023. Since then, ASC shares have increased by 4.4% and is now trading at $15.05.
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) posted its quarterly earnings results on Tuesday, February, 14th. The shipping company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.28 by $0.02. The shipping company had revenue of $93.33 million for 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 announced a quarterly dividend on Tuesday, February 14th. Investors of record on Tuesday, February 28th will be paid a dividend of $0.45 per share on Wednesday, March 15th. This represents a $1.80 annualized dividend and a yield of 11.96%. The ex-dividend date 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?
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 12.04%. 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 a number of institutional and retail investors. Top institutional investors 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 $15.05.

How much money does Ardmore Shipping make?

Ardmore Shipping (NYSE:ASC) has a market capitalization of $601.70 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 3/23/2023 by MarketBeat.com Staff