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 stock buyback program on Friday, September 1st 2017, which authorizes the company to buyback $25,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 9.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its stock is undervalued.

Ardmore Shipping Corp (NYSE:ASC) announced its quarterly earnings data on Wednesday, May, 2nd. The shipping company reported ($0.16) earnings per share (EPS) for the quarter, missing the Zacks' 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 return on equity of 3.98% and a negative net margin of 7.88%. The company's quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.06) earnings per share. 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 equities research analysts have issued 1-year price objectives for Ardmore Shipping's shares. Their forecasts range from $9.00 to $12.00. On average, they expect Ardmore Shipping's share price to reach $10.60 in the next year. This suggests a possible upside of 38.6% from the stock's current price. View Analyst Ratings for Ardmore Shipping.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ardmore Shipping in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

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

News headlines about ASC stock have trended somewhat negative on Monday, according to Accern. Accern ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ardmore Shipping earned a daily sentiment score of -0.06 on Accern's scale. They also gave news stories about the shipping company an impact score of 47.53 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term.

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 $7.65.

Ardmore Shipping has a market capitalization of $270.29 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 Belvedere Building 69 Pitts Bay Road Ground Floor, Pembroke D0, HM08. The shipping company can be reached via phone at 1-441-292-9332 or via email at [email protected]