NYSE:ASC - Ardmore Shipping Stock Price, Price Target & More

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

Ardmore Shipping declared that its Board of Directors has authorized a share buyback program on Friday, September 1st 2017, which authorizes the company to repurchase $25,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 9.2% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its stock is undervalued.

Ardmore Shipping Corp (NYSE:ASC) posted its quarterly earnings data on Wednesday, May, 2nd. The shipping company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by $0.01. The shipping company had revenue of $50.40 million for the quarter, compared to analyst estimates of $31.03 million. Ardmore Shipping had a negative net margin of 7.88% and a negative return on equity of 3.98%. The firm's quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.06) EPS. View Ardmore Shipping's Earnings History.

Ardmore Shipping is scheduled to release their next quarterly earnings announcement on Wednesday, August, 1st 2018. View Earnings Estimates for Ardmore Shipping.

5 brokers have issued 12-month price objectives for Ardmore Shipping's stock. Their predictions range from $9.00 to $12.00. On average, they expect Ardmore Shipping's share price to reach $10.60 in the next year. View Analyst Ratings for Ardmore Shipping.

Some companies that are related to Ardmore Shipping include Frontline (FRO), Seacor (CKH), Scorpio Tankers (STNG), Star Bulk Carriers (SBLK), COSTAMARE Inc/SH (CMRE), Teekay (TK), DHT (DHT), Navigator (NVGS), Genco Shipping & Trading (GNK), Scorpio Bulkers (SALT), Gener8 Maritime (GNRT), Diana Shipping (DSX), DryShips (DRYS), SEACOR Marine (SMHI) and Dorian LPG (LPG).

News headlines about ASC stock have been trending somewhat positive this week, according to Accern. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ardmore Shipping earned a coverage optimism score of 0.18 on Accern's scale. They also gave media coverage about the shipping company an impact score of 46.78 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.

Ardmore Shipping's stock is owned by many different of institutional and retail investors. Top institutional investors include Russell Investments Group Ltd. (10.31%), Donald Smith & CO. Inc. (9.60%), Boston Partners (5.11%), BlackRock Inc. (4.05%), American Century Companies Inc. (3.75%) and Eagle Boston Investment Management Inc. (3.27%). View Institutional Ownership Trends for Ardmore Shipping.

ASC stock was sold by a variety of institutional investors in the last quarter, including Penn Capital Management Co. Inc., American Century Companies Inc., Shepherd Kaplan Krochuk LLC and State Board of Administration of Florida Retirement System. View Insider Buying and Selling for Ardmore Shipping.

ASC stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Private Management Group Inc., Dimensional Fund Advisors LP, Sei Investments Co., Donald Smith & CO. Inc., BlackRock Inc., Boston Partners and Monarch Partners Asset Management LLC. 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 $8.05.

Ardmore Shipping has a market capitalization of $260.21 million and generates $195.93 million in revenue each year. The shipping company earns $-12,490,000.00 in net income (profit) each year or ($0.37) on an earnings per share basis. Ardmore Shipping employs 1,027 workers across the globe.

Ardmore Shipping's mailing address is Cumberland House 1 Victoria Street 5th Floor, Hamilton D0, HM11. The shipping company can be reached via phone at 441-405-7800 or via email at [email protected]