Ardmore Shipping (ASC) Stock Price, News & Analysis

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ardmore Shipping in the last twelve months. There are currently 2 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.

2 brokerages have issued 12 month target prices for Ardmore Shipping's shares. Their ASC share price targets range from $20.00 to $22.00. On average, they predict the company's share price to reach $21.00 in the next year. This suggests a possible upside of 32.2% from the stock's current price.
View analysts price targets for ASC or view top-rated stocks among Wall Street analysts.

Ardmore Shipping's stock was trading at $14.09 on January 1st, 2024. Since then, ASC stock has increased by 12.7% and is now trading at $15.88.
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Ardmore Shipping saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 984,300 shares, a decrease of 8.0% from the March 15th total of 1,070,000 shares. Based on an average daily volume of 661,800 shares, the short-interest ratio is presently 1.5 days.
View Ardmore Shipping's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our ASC earnings forecast.

Ardmore Shipping Co. (NYSE:ASC) released its quarterly earnings data on Thursday, February, 15th. The shipping company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. The shipping company earned $98.80 million during the quarter, compared to the consensus estimate of $64.26 million. Ardmore Shipping had a trailing twelve-month return on equity of 22.76% and a net margin of 29.50%. The firm's quarterly revenue was down 25.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.33 earnings per share.

Ardmore Shipping declared a quarterly dividend on Thursday, February 15th. Shareholders of record on Thursday, February 29th will be paid a dividend of $0.21 per share on Friday, March 15th. This represents a $0.84 annualized dividend and a dividend yield of 5.29%. The ex-dividend date is Wednesday, February 28th. This is a positive change from the stock's previous quarterly dividend of $0.16.
Read our dividend analysis for ASC.

Ardmore Shipping (NYSE:ASC) pays an annual dividend of $0.84 per share and currently has a dividend yield of 5.30%. ASC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 30.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASC will have a dividend payout ratio of 50.30% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ASC.

ETFs with the largest weight of Ardmore Shipping (NYSE:ASC) stock in their portfolio include Inspire Fidelis Multi Factor ETF (FDLS) and SonicShares Global Shipping ETF (BOAT).Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).

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's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Norden Group LLC (0.02%) and Sunbelt Securities Inc. (0.01%).
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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