Ardmore Shipping Corporation, together with its subsidiaries, engages in the seaborne transportation of petroleum products and chemicals worldwide. The company operates a fleet of 28 double-hulled product and chemical tankers. It serves oil majors, oil companies, oil and chemical traders, and chemical companies. The company was founded in 2010 and is based in Pembroke, Bermuda.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Deep sea foreign transportation of freight
Sub-IndustryN/A
SectorTransportation
Current SymbolNYSE:ASC
Previous Symbol
CUSIPN/A
Phone1-441-292-9332
Debt
Debt-to-Equity Ratio1.11
Current Ratio1.16
Quick Ratio0.94
Price-To-Earnings
Trailing P/E Ratio-15.14
Forward P/E Ratio-5.25
P/E GrowthN/A
Sales & Book Value
Annual Sales$195.93 million
Price / Sales0.93
Cash Flow$0.7974 per share
Price / Cash Flow6.91
Book Value$11.35 per share
Price / Book0.49
Profitability
EPS (Most Recent Fiscal Year)($0.37)
Net Income$-12,490,000.00
Net Margins-14.94%
Return on Equity-7.85%
Return on Assets-3.47%
Miscellaneous
Employees1,151
Outstanding Shares33,100,000
Market Cap$188.99 million
OptionableOptionable
Ardmore Shipping (NYSE:ASC) Frequently Asked Questions
What is Ardmore Shipping's stock symbol?
Ardmore Shipping trades on the New York Stock Exchange (NYSE) under the ticker symbol "ASC."
How will Ardmore Shipping's stock buyback program work?
Ardmore Shipping announced that its board has approved a stock repurchase plan 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 reacquire up to 9.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.
How were Ardmore Shipping's earnings last quarter?
Ardmore Shipping Corp (NYSE:ASC) released its earnings results on Wednesday, November, 7th. The shipping company reported ($0.37) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.33) by $0.04. The shipping company had revenue of $48.90 million for the quarter, compared to analysts' expectations of $25.84 million. Ardmore Shipping had a negative net margin of 14.94% and a negative return on equity of 7.85%. Ardmore Shipping's revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.14) EPS. View Ardmore Shipping's Earnings History.
When is Ardmore Shipping's next earnings date?
What price target have analysts set for ASC?
6 brokers have issued twelve-month target prices for Ardmore Shipping's shares. Their predictions range from $8.00 to $12.00. On average, they expect Ardmore Shipping's share price to reach $10.2167 in the next year. This suggests a possible upside of 85.4% from the stock's current price. View Analyst Price Targets for Ardmore Shipping.
What is the consensus analysts' recommendation for Ardmore Shipping?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ardmore Shipping in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ardmore Shipping.
Has Ardmore Shipping been receiving favorable news coverage?
News stories about ASC stock have trended somewhat positive recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Ardmore Shipping earned a coverage optimism score of 2.0 on InfoTrie's scale. They also assigned news articles about the shipping company a news buzz of 8.0 out of 10, indicating that recent press coverage is very likely to have an effect on the company's share price in the near future.
Who are some of Ardmore Shipping's key competitors?
Some companies that are related to Ardmore Shipping include Seacor (CKH), Star Bulk Carriers (SBLK), Navigator (NVGS), DryShips (DRYS), DHT (DHT), COSTAMARE INC/SH (CMRE), Scorpio Bulkers (SALT), Teekay (TK), Dorian LPG (LPG), Diana Shipping (DSX), Eagle Bulk Shipping (EGLE), Genco Shipping & Trading (GNK), SEACOR Marine (SMHI), Capital Product Partners (CPLP) and TSAKOS ENERGY N/SH (TNP).
Who are Ardmore Shipping's key executives?
Ardmore Shipping's management team includes the folowing people:
- Mr. Anthony Gurnee CFA, Founder, Pres, CEO & Director (Age 58)
- Mr. Paul Tivnan, Sr. VP, CFO, Treasurer & Sec. (Age 38)
- Mr. Mark Cameron, Exec. VP & COO (Age 52)
- Mr. Jorge Lavin, Director of Accounting
- Ms. Aideen O'Driscoll, HR Mang.
Who are Ardmore Shipping's major shareholders?
Ardmore Shipping's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Donald Smith & CO. Inc. (8.78%), Russell Investments Group Ltd. (8.58%), Royce & Associates LP (7.08%), Bank of New York Mellon Corp (5.23%), FMR LLC (4.91%) and BlackRock Inc. (4.85%). View Institutional Ownership Trends for Ardmore Shipping.
Which institutional investors are selling Ardmore Shipping stock?
ASC stock was sold by a variety of institutional investors in the last quarter, including Tocqueville Asset Management L.P., Bridgeway Capital Management Inc., Donald Smith & CO. Inc., FMR LLC, AQR Capital Management LLC, Schneider Capital Management Corp, Ingalls & Snyder LLC and Citadel Advisors LLC. View Insider Buying and Selling for Ardmore Shipping.
Which institutional investors are buying Ardmore Shipping stock?
ASC stock was bought by a variety of institutional investors in the last quarter, including Jefferies Group LLC, Bank of New York Mellon Corp, Dimensional Fund Advisors LP, Aristotle Capital Boston LLC, Royce & Associates LP, Russell Investments Group Ltd., Eagle Boston Investment Management Inc. and WealthTrust Axiom LLC. View Insider Buying and Selling for Ardmore Shipping.
How do I buy shares of 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.
What is Ardmore Shipping's stock price today?
One share of ASC stock can currently be purchased for approximately $5.51.
How big of a company is Ardmore Shipping?
Ardmore Shipping has a market capitalization of $188.99 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 1,151 workers across the globe.
What is Ardmore Shipping's official website?
How can I contact Ardmore Shipping?
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]
MarketBeat Community Rating for Ardmore Shipping (NYSE ASC)
MarketBeat's community ratings are surveys of what our community members think about Ardmore Shipping and other stocks. Vote "Outperform" if you believe ASC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ASC will underperform the S&P 500 over the long term. You may vote once every thirty days.
