NYSE:ASC - Ardmore Shipping Stock Price, News, & Analysis

Ardmore Shipping trades on the New York Stock Exchange (NYSE) under the ticker symbol "ASC."

Ardmore Shipping announced that its Board of Directors has initiated a stock repurchase program on Friday, September 1st 2017, which allows the company to repurchase $25,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 9.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Ardmore Shipping Corp (NYSE:ASC) issued its quarterly earnings results on Wednesday, February, 6th. The shipping company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.24) by $0.02. The shipping company had revenue of $58.40 million for the quarter, compared to analyst estimates of $30.45 million. Ardmore Shipping had a negative return on equity of 9.38% and a negative net margin of 20.43%. The company's revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.12) EPS. View Ardmore Shipping's Earnings History.

Ardmore Shipping is scheduled to release their next quarterly earnings announcement on Wednesday, May 1st 2019. View Earnings Estimates for Ardmore Shipping.

2 brokerages have issued 1-year target prices for Ardmore Shipping's shares. Their forecasts range from $7.00 to $9.30. On average, they expect Ardmore Shipping's stock price to reach $8.15 in the next twelve months. This suggests a possible upside of 18.5% from the stock's current price. View Analyst Price Targets for Ardmore Shipping.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ardmore Shipping in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ardmore Shipping.

News headlines about ASC stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Ardmore Shipping earned a media sentiment score of 1.2 on InfoTrie's scale. They also assigned media stories about the shipping company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future.

Some companies that are related to Ardmore Shipping include Seacor (CKH), Star Bulk Carriers (SBLK), DHT (DHT), COSTAMARE INC/SH (CMRE), Navigator (NVGS), Teekay (TK), Dorian LPG (LPG), DryShips (DRYS), Eagle Bulk Shipping (EGLE), Genco Shipping & Trading (GNK), Scorpio Bulkers (SALT), SEACOR Marine (SMHI), TSAKOS ENERGY N/SH (TNP), Capital Product Partners (CPLP) and Danaos (DAC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Ardmore Shipping investors own include Petra Diamonds (PDL), Intelsat (I), Fossil Group (FOSL), AMC Entertainment (AMC), Associated British Foods (ABF), Chaarat Gold (CGH), Ciena (CIEN), First Data (FDC), Scorpio Tankers (STNG) and Micron Technology (MU).

Ardmore Shipping's stock is owned by a number of of institutional and retail investors. Top institutional investors include Eqis Capital Management Inc. (0.04%). View Institutional Ownership Trends for Ardmore Shipping.

ASC stock was sold by a variety of institutional investors in the last quarter, including Eqis Capital Management Inc.. View Insider Buying and Selling for Ardmore Shipping.

Shares of ASC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of ASC stock can currently be purchased for approximately $6.88.

Ardmore Shipping has a market capitalization of $227.73 million and generates $210.18 million in revenue each year. The shipping company earns $-42,930,000.00 in net income (profit) each year or ($1.04) on an earnings per share basis. Ardmore Shipping employs 1,128 workers across the globe.

The official website for Ardmore Shipping is http://ardmoreshipping.com.

Ardmore Shipping's mailing address is Belvedere Building 69 Pitts Bay Road Ground Floor, Pembroke D0, HM08. The shipping company can be reached via phone at 441-405-7800 or via email at [email protected]