Ardmore Shipping Stock Forecast, Price & News

Ardmore Shipping's stock was trading at $4.86 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, ASC stock has decreased by 26.5% and is now trading at $3.57.
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4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ardmore Shipping in the last year. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Ardmore Shipping stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ASC, but not buy additional shares or sell existing shares.
View analyst ratings for Ardmore Shipping or view MarketBeat's top 5 stock picks.

Wall Street analysts have given Ardmore Shipping a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Ardmore Shipping wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Ardmore Shipping is scheduled to release its next quarterly earnings announcement on Tuesday, February 9th 2021.
View our earnings forecast for Ardmore Shipping.

Ardmore Shipping Co. (NYSE:ASC) issued its quarterly earnings results on Monday, November, 9th. The shipping company reported ($0.19) EPS for the quarter, beating analysts' consensus estimates of ($0.22) by $0.03. The shipping company earned $28.38 million during the quarter, compared to analyst estimates of $27.83 million. Ardmore Shipping had a return on equity of 4.78% and a net margin of 6.45%.
View Ardmore Shipping's earnings history.

Ardmore Shipping announced a quarterly dividend on Wednesday, February 12th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.05 per share on Friday, February 28th. This represents a $0.20 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date is Thursday, February 20th.
View Ardmore Shipping's dividend history.

Ardmore Shipping pays an annual dividend of $0.05 per share and currently has a dividend yield of 1.40%.
View Ardmore Shipping's dividend history.

4 brokerages have issued 1-year price objectives for Ardmore Shipping's stock. Their forecasts range from $4.40 to $6.00. On average, they anticipate Ardmore Shipping's share price to reach $5.47 in the next year. This suggests a possible upside of 53.1% from the stock's current price.
View analysts' price targets for Ardmore Shipping or view Wall Street analyst' top-rated stocks.

Some companies that are related to Ardmore Shipping include Genco Shipping & Trading (GNK), Global Ship Lease (GSL), Teekay (TK), Eagle Bulk Shipping (EGLE), Scorpio Bulkers (SALT), Diana Shipping (DSX), Overseas Shipholding Group (OSG), Safe Bulkers (SB), Capital Product Partners (CPLP), Navios Maritime Containers (NMCI), Tsakos Energy Navigation (TNP), Navios Maritime Partners (NMM), Pangaea Logistics Solutions (PANL), StealthGas (GASS) and SEACOR Marine (SMHI).
View all of ASC's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ardmore Shipping investors own include Petra Diamonds Limited (PDL.L) (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."

Shares of ASC 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.

One share of ASC stock can currently be purchased for approximately $3.57.

Ardmore Shipping has a market capitalization of $118.61 million and generates $230.04 million in revenue each year. The shipping company earns $-22,860,000.00 in net income (profit) each year or ($0.28) on an earnings per share basis. Ardmore Shipping employs 1,105 workers across the globe.

The official website for Ardmore Shipping is 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]