Ardmore Shipping - ASC Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ardmore Shipping in the last year. There are currently 4 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.

4 equities research analysts have issued 1 year price objectives for Ardmore Shipping's stock. Their ASC share price forecasts range from $8.50 to $20.00. On average, they predict the company's share price to reach $13.17 in the next twelve months. This suggests that the stock has a possible downside of 12.0%.
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 beginning of 2023. Since then, ASC shares have increased by 3.9% and is now trading at $14.97.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our ASC earnings forecast.

Ardmore Shipping Co. (NYSE:ASC) announced its quarterly earnings data on Tuesday, February, 14th. The shipping company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.02. The shipping company earned $93.33 million during the quarter, compared to analysts' expectations of $83.94 million. Ardmore Shipping had a net margin of 31.06% and a trailing twelve-month return on equity of 38.49%.

Ardmore Shipping declared a quarterly dividend on Tuesday, February 14th. Shareholders of record on Tuesday, February 28th will be given a dividend of $0.45 per share on Wednesday, March 15th. This represents a $1.80 annualized dividend and a yield of 12.02%. The ex-dividend date of this dividend is Monday, February 27th. This is a boost from the stock's previous quarterly dividend of $0.05.
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), SonicShares Global Shipping ETF (BOAT) and Vanguard US Multifactor ETF (VFMF).iShares Micro-Cap ETF (IWC) and

Ardmore Shipping (NYSE:ASC) pays an annual dividend of $1.80 per share and currently has a dividend yield of 11.83%. ASC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 53.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, ASC will have a dividend payout ratio of 132.35% 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 shareholders include Dimensional Fund Advisors LP (5.73%), Aristotle Capital Boston LLC (5.49%), Private Management Group Inc. (4.71%), Morgan Stanley (2.28%), Arrowstreet Capital Limited Partnership (1.67%) and Two Sigma Investments LP (1.30%).
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 $14.97.

Ardmore Shipping (NYSE:ASC) has a market capitalization of $598.50 million and generates $445.74 million in revenue each year. The shipping company earns $138.45 million in net income (profit) each year or $3.38 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.