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About Ardmore Shipping (NYSE:ASC)
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
Industry Deep sea foreign transportation of freight
Sub-IndustryN/A
SectorTransportation
SymbolNYSE:ASC
CUSIPN/A
Phone441-405-7800
Debt
Debt-to-Equity Ratio1.09
Current Ratio1.31
Quick Ratio1.13
Price-To-Earnings
Trailing P/E Ratio-21.76
Forward P/E Ratio-115.00
P/E GrowthN/A
Sales & Book Value
Annual Sales$195.93 million
Price / Sales1.38
Cash Flow$0.8265 per share
Price / Cash9.74
Book Value$11.26 per share
Price / Book0.71
Profitability
EPS (Most Recent Fiscal Year)($0.37)
Net Income$-12,490,000.00
Net Margins-7.88%
Return on Equity-3.98%
Return on Assets-1.80%
Miscellaneous
Employees1,027
Outstanding Shares33,580,000
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 declared that its Board of Directors has approved a stock repurchase plan on Friday, September 1st 2017, which permits the company to buyback $25,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 9.2% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its shares are undervalued.
How were Ardmore Shipping's earnings last quarter?
Ardmore Shipping Corp (NYSE:ASC) posted its quarterly earnings data on Wednesday, May, 2nd. The shipping company reported ($0.16) 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 analysts' expectations of $31.03 million. Ardmore Shipping had a negative return on equity of 3.98% and a negative net margin of 7.88%. The firm's revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.06) earnings per share. View Ardmore Shipping's Earnings History.
When is Ardmore Shipping's next earnings date?
What price target have analysts set for ASC?
5 brokers have issued 12-month target prices for Ardmore Shipping's shares. Their predictions range from $9.00 to $12.00. On average, they expect Ardmore Shipping's stock price to reach $10.60 in the next twelve months. View Analyst Ratings for Ardmore Shipping.
Are investors shorting Ardmore Shipping?
Ardmore Shipping saw a increase in short interest in April. As of April 13th, there was short interest totalling 1,492,724 shares, an increase of 60.4% from the March 30th total of 930,889 shares. Based on an average daily trading volume, of 238,614 shares, the days-to-cover ratio is presently 6.3 days. Approximately 4.5% of the company's shares are sold short.
Who are some of Ardmore Shipping's key competitors?
Some companies that are related to Ardmore Shipping include Seaspan (SSW), Seacor (CKH), Scorpio Tankers (STNG), Frontline (FRO), Star Bulk Carriers (SBLK), Costamare (CMRE), Teekay (TK), Genco Shipping & Trading (GNK), Navigator (NVGS), Scorpio Bulkers (SALT), DHT (DHT), Gener8 Maritime (GNRT), SEACOR Marine (SMHI), Diana Shipping (DSX) and DryShips (DRYS).
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.
Has Ardmore Shipping been receiving favorable news coverage?
Press coverage about ASC stock has trended somewhat positive on Monday, according to Accern Sentiment. The research firm rates the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ardmore Shipping earned a news impact score of 0.11 on Accern's scale. They also assigned news headlines about the shipping company an impact score of 46.00 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near future.
Who are Ardmore Shipping's major shareholders?
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.
Which major investors are selling Ardmore Shipping stock?
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.
Which major investors are buying Ardmore Shipping stock?
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.
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 $8.05.
How big of a company is Ardmore Shipping?
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.
How can I contact Ardmore Shipping?
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]
MarketBeat Community Rating for Ardmore Shipping (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.
Ardmore Shipping (NYSE:ASC) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
5 Wall Street analysts have issued ratings and price targets for Ardmore Shipping in the last 12 months. Their average twelve-month price target is $10.60, suggesting that the stock has a possible upside of 31.68%. The high price target for ASC is $12.00 and the low price target for ASC is $9.00. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.80 | 2.80 | 2.80 | 2.75 |
| Ratings Breakdown: | 0 Sell Rating(s)
1 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $10.60 | $10.60 | $10.50 | $10.1250 |
| Price Target Upside: | 31.68% upside | 33.33% upside | 42.86% upside | 21.99% upside |
Ardmore Shipping (NYSE:ASC) Consensus Price Target History
Ardmore Shipping (NYSE:ASC) Analyst Ratings History
Show:
(Data available from 5/28/2016 forward)
Ardmore Shipping (NYSE:ASC) Dividend Information
Ardmore Shipping pays an annual dividend of $0.00 per share, with a dividend yield of 0.00%. ASC's most recent quarterly dividend payment was Wednesday, August 31. Ardmore Shipping pays out 0.00% of its earnings out as a dividend.
| Most Recent Dividend: | 8/31/2016 |
| Dividend Yield: | 0.00% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio(s): | 0.00% (Trailing 12 Months of Earnings)
0.00% (Based on This Year's Estimates)
0.00% (Based on Next Year's Estimates)
0.00% (Based on Cash Flow)
|
| Track Record: | 4 Years of Consecutive Dividend Growth |
Ardmore Shipping (NYSE:ASC) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 8/3/2016 | quarterly | $0.11 | 5.44% | 8/12/2016 | 8/16/2016 | 8/31/2016 |
| 5/5/2016 | quarterly | $0.13 | 6.03% | 5/12/2016 | 5/16/2016 | 5/31/2016 |
| 2/3/2016 | Quarterly | $0.13 | 6.66% | 2/10/2016 | 2/15/2016 | 2/29/2016 |
| 10/27/2015 | Quarterly | $0.31 | | 11/4/2015 | 11/6/2015 | 11/16/2015 |
| 7/16/2015 | quarterly | $0.10 | 3.02% | 7/29/2015 | 7/31/2015 | 8/14/2015 |
| 4/16/2015 | quarterly | $0.10 | 3.73% | 4/28/2015 | 4/30/2015 | 5/15/2015 |
| 1/16/2015 | quarterly | $0.10 | 3.51% | 1/28/2015 | 1/30/2015 | 2/18/2015 |
| 10/15/2014 | quarterly | $0.10 | 4.11% | 10/29/2014 | 10/31/2014 | 11/18/2014 |
| 7/15/2014 | quarterly | $0.10 | 3.18% | 7/29/2014 | 7/31/2014 | 8/14/2014 |
| 4/15/2014 | quarterly | $0.10 | 3.13% | 4/28/2014 | 4/30/2014 | 5/15/2014 |
| 1/15/2014 | quarterly | $0.10 | 2.74% | 1/29/2014 | 1/31/2014 | 2/14/2014 |
| 11/1/2013 | special | $0.0660 | | 11/6/2013 | 11/8/2013 | 11/20/2013 |
| 10/31/2013 | quarterly | $0.0660 | | | 11/8/2013 | 11/20/2013 |
(Data available from 1/1/2013 forward)
Ardmore Shipping (NYSE ASC) Insider Trading and Institutional Ownership History
Institutional Ownership Percentage: 91.95%
Ardmore Shipping (NYSE ASC) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 6/7/2016 | Ryan Kalt | Director | Buy | 19,500 | $0.16 | $3,120.00 | | |
| 3/30/2016 | Ryan Kalt | Director | Buy | 6,000 | $0.0450 | $270.00 | | |
| 3/29/2016 | Ryan Kalt | Director | Buy | 5,000 | $0.05 | $250.00 | | |
| 3/18/2016 | Ryan Kalt | Director | Buy | 5,000 | $0.0550 | $275.00 | | |
| 3/16/2016 | Ryan Kalt | Director | Buy | 57,500 | $0.05 | $2,875.00 | | |
| 1/15/2016 | Ryan Kalt | Director | Buy | 5,000 | $0.02 | $100.00 | | |
| 11/17/2015 | Ryan Kalt | Director | Buy | 2,000 | $0.03 | $60.00 | | |
| 8/18/2015 | Ryan Kalt | Director | Buy | 29,000 | $0.03 | $870.00 | | |
| 7/30/2015 | Ryan Kalt | Director | Buy | 14,000 | $0.0250 | $350.00 | | |
| 7/23/2015 | Ryan Kalt | Director | Buy | 100,000 | $0.03 | $3,000.00 | | |
| 7/22/2015 | Ryan Kalt | Director | Buy | 5,000 | $0.03 | $150.00 | | |
| 7/8/2015 | Ryan Kalt | Director | Buy | 30,000 | $0.03 | $900.00 | | |
| 7/7/2015 | Ryan Kalt | Director | Buy | 25,000 | $0.0350 | $875.00 | | |
| 7/6/2015 | Ryan Kalt | Director | Buy | 20,000 | $0.0350 | $700.00 | | |
| 6/26/2015 | Ryan Kalt | Director | Buy | 100,000 | $0.03 | $3,000.00 | | |
| 5/5/2015 | Ryan Kalt | Director | Buy | 5,000 | $0.0350 | $175.00 | | |
| 4/14/2015 | Ryan Kalt | Director | Buy | 17,000 | $0.0250 | $425.00 | | |
| 4/9/2015 | Ryan Kalt | Director | Buy | 1,000 | $0.0250 | $25.00 | | |
| 4/7/2015 | Ryan Kalt | Director | Buy | 15,000 | $0.0250 | $375.00 | | |
| 4/2/2015 | Ryan Kalt | Director | Buy | 8,000 | $0.0250 | $200.00 | | |
| 3/31/2015 | Ryan Kalt | Director | Buy | 1,000 | $0.03 | $30.00 | | |
| 3/27/2015 | Ryan Kalt | Director | Buy | 102,000 | $0.03 | $3,060.00 | | |
| 3/18/2015 | Ryan Kalt | Director | Buy | 96,500 | $0.03 | $2,895.00 | | |
| 3/18/2015 | Ryan Kalt | Director | Buy | 96,500 | $0.03 | $2,895.00 | | |
| 1/5/2015 | Ryan Kalt | Director | Buy | 3,000 | $0.0450 | $135.00 | | |
| 12/12/2014 | Ryan Kalt | Director | Buy | 4,500 | $0.03 | $135.00 | | |
| 12/4/2014 | Ryan Kalt | Director | Buy | 3,333 | $0.03 | $99.99 | | |
| 11/26/2014 | Ryan Kalt | Director | Buy | 5,000 | $0.04 | $200.00 | | |
| 11/6/2014 | Ryan Kalt | Director | Buy | 55,000 | $0.0250 | $1,375.00 | | |
(Data available from 1/1/2013 forward)
Ardmore Shipping (NYSE ASC) News Headlines
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Ardmore Shipping (NYSE:ASC) SEC Filings
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Ardmore Shipping (NYSE:ASC) Income Statement, Balance Sheet and Cash Flow Statement
Ardmore Shipping (NYSE ASC) Stock Chart for Monday, May, 28, 2018
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