Ardmore Shipping (NYSE:ASC - Get Free Report) will announce its quarterly earnings data before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.80 per share for the quarter. Parties that wish to register for the company's conference call can do so using this link.
Ardmore Shipping (NYSE:ASC - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The shipping company reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.08 by $0.05. Ardmore Shipping had a net margin of 36.31% and a return on equity of 24.26%. The firm had revenue of $121.30 million for the quarter, compared to analysts' expectations of $80.51 million. During the same quarter in the previous year, the company earned $0.57 earnings per share. The company's revenue for the quarter was up 32.0% compared to the same quarter last year. On average, analysts expect Ardmore Shipping to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Ardmore Shipping Trading Down 0.3 %
ASC stock traded down $0.04 during trading on Wednesday, reaching $14.12. The company had a trading volume of 614,094 shares, compared to its average volume of 621,459. The company has a market cap of $573.65 million, a P/E ratio of 5.43 and a beta of 0.35. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.50 and a quick ratio of 3.18. The business has a 50 day moving average of $17.47 and a 200 day moving average of $19.37. Ardmore Shipping has a 52 week low of $12.69 and a 52 week high of $23.44.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. Jefferies Financial Group boosted their target price on Ardmore Shipping from $21.00 to $24.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. Evercore ISI lifted their price target on shares of Ardmore Shipping from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 23rd. StockNews.com downgraded Ardmore Shipping from a "buy" rating to a "hold" rating in a research note on Wednesday, September 25th. Stifel Nicolaus lowered Ardmore Shipping from a "buy" rating to a "hold" rating and cut their price target for the stock from $24.00 to $17.00 in a research note on Wednesday, October 23rd. Finally, Fearnley Fonds upgraded shares of Ardmore Shipping to a "hold" rating in a research report on Friday, September 27th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $22.33.
View Our Latest Stock Analysis on ASC
About Ardmore Shipping
(
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Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. The company's fleet consists of 22 owned vessels including 21 Eco-design and 1 Eco-mod vessel, and four chartered-in vessels. It serves oil majors, oil companies, oil and chemical traders, chemical companies, and pooling service providers.
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