Ardmore Shipping (ASC) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ardmore Shipping in the last twelve months. There are currently 3 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.

3 brokerages have issued twelve-month price objectives for Ardmore Shipping's stock. Their ASC share price forecasts range from $20.00 to $24.00. On average, they expect the company's stock price to reach $22.00 in the next year. This suggests a possible upside of 75.0% from the stock's current price.
View analysts price targets for ASC or view top-rated stocks among Wall Street analysts.

Ardmore Shipping's stock was trading at $14.41 at the start of the year. Since then, ASC stock has decreased by 12.8% and is now trading at $12.57.
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Ardmore Shipping saw a drop in short interest during the month of April. As of April 30th, there was short interest totaling 1,730,000 shares, a drop of 8.5% from the April 15th total of 1,890,000 shares. Based on an average daily trading volume, of 977,800 shares, the days-to-cover ratio is currently 1.8 days.
View Ardmore Shipping's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our ASC earnings forecast.

Ardmore Shipping Co. (NYSE:ASC) announced its quarterly earnings data on Wednesday, November, 10th. The shipping company reported ($0.37) EPS for the quarter, missing analysts' consensus estimates of ($0.34) by $0.03. The shipping company earned $24.10 million during the quarter, compared to analyst estimates of $25.99 million. Ardmore Shipping had a trailing twelve-month return on equity of 44.35% and a net margin of 37.86%. During the same period in the previous year, the business posted ($0.20) earnings per share.

Ardmore Shipping declared a quarterly dividend on Tuesday, May 9th. Stockholders of record on Wednesday, May 31st will be given a dividend of $0.35 per share on Thursday, June 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 11.14%. The ex-dividend date is Tuesday, May 30th.
Read our dividend analysis for ASC.

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), Inspire Fidelis Multi Factor ETF (FDLS), SonicShares Global Shipping ETF (BOAT), First Trust Active Factor Small Cap ETF (AFSM) and Vanguard U.S. Multifactor ETF (VFMF).iShares Micro-Cap ETF (IWC) and

Ardmore Shipping (NYSE:ASC) pays an annual dividend of $1.40 per share and currently has a dividend yield of 11.96%. ASC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 30.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, ASC will have a dividend payout ratio of 80.00% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for ASC.

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.

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).

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

Ardmore Shipping's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (8.50%), Dimensional Fund Advisors LP (6.18%), Aristotle Capital Boston LLC (4.92%), Private Management Group Inc. (4.33%), Two Sigma Investments LP (2.06%) and Arrowstreet Capital Limited Partnership (1.96%).
View institutional ownership trends.

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.
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One share of ASC stock can currently be purchased for approximately $12.57.

Ardmore Shipping (NYSE:ASC) has a market capitalization of $510.72 million and generates $445.74 million in revenue each year. The shipping company earns $138.45 million in net income (profit) each year or $4.65 on an earnings per share basis.

The company employs 1,047 workers across the globe.

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.