Ardmore Shipping (NYSE:ASC – Get Rating) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, May 4th. Analysts expect the company to announce earnings of ($0.10) per share for the quarter.
Ardmore Shipping (NYSE:ASC – Get Rating) last posted its earnings results on Tuesday, February 15th. The shipping company reported ($0.25) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.25). Ardmore Shipping had a negative net margin of 19.14% and a negative return on equity of 11.74%. The business had revenue of $27.87 million for the quarter, compared to analysts’ expectations of $29.55 million. During the same period in the prior year, the company posted ($0.39) EPS. On average, analysts expect Ardmore Shipping to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
NYSE ASC traded down $0.13 on Thursday, hitting $6.20. The stock had a trading volume of 2,420 shares, compared to its average volume of 219,401. Ardmore Shipping has a 52-week low of $3.07 and a 52-week high of $6.44. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.42 and a current ratio of 1.61. The company has a market capitalization of $205.76 million, a price-to-earnings ratio of -5.54 and a beta of 0.64. The firm has a 50-day moving average of $4.71 and a 200-day moving average of $4.07.
Several analysts have issued reports on ASC shares. Jefferies Financial Group started coverage on shares of Ardmore Shipping in a research note on Wednesday. They issued a “buy” rating and a $7.50 target price on the stock. Zacks Investment Research upgraded shares of Ardmore Shipping from a “hold” rating to a “buy” rating and set a $6.25 target price on the stock in a research note on Tuesday. HC Wainwright increased their target price on shares of Ardmore Shipping from $5.50 to $8.50 and gave the stock a “buy” rating in a research note on Friday, April 22nd. Finally, StockNews.com started coverage on shares of Ardmore Shipping in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $6.59.
Ardmore Shipping Company Profile (Get Rating)
Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. As of February 15, 2022, the company operated a fleet of 25 double-hulled product and chemical tankers. It serves oil majors, oil companies, oil and chemical traders, chemical companies, and pooling service providers.
- Get a free copy of the StockNews.com research report on Ardmore Shipping (ASC)
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