NYSE:ASC Ardmore Shipping (ASC) Stock Price, News & Analysis → The Department of Defense Has a New Drone Contractor (From The Tomorrow Investor) (Ad) Free ASC Stock Alerts $17.61 -0.04 (-0.23%) (As of 05/7/2024 ET) Add Compare Share Share Today's Range$17.53▼$17.8250-Day Range$15.59▼$17.6652-Week Range$11.59▼$17.84Volume478,613 shsAverage Volume617,488 shsMarket Capitalization$715.70 millionP/E Ratio6.45Dividend Yield4.77%Price Target$21.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Ardmore Shipping alerts: Email Address Ardmore Shipping MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside19.2% Upside$21.00 Price TargetShort InterestHealthy2.26% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-6.65Upright™ Environmental ScoreNews Sentiment0.52Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth-38.24%From $2.72 to $1.68 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.03 out of 5 starsTransportation Sector32nd out of 113 stocksDeep Sea Foreign Transportation Of Freight Industry4th out of 26 stocks 2.5 Analyst's Opinion Consensus RatingArdmore Shipping has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageArdmore Shipping has only been the subject of 2 research reports in the past 90 days.Read more about Ardmore Shipping's stock forecast and price target. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.26% of the outstanding shares of Ardmore Shipping have been sold short.Short Interest Ratio / Days to CoverArdmore Shipping has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Ardmore Shipping has recently decreased by 6.88%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipArdmore Shipping is a leading dividend payer. It pays a dividend yield of 4.82%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthArdmore Shipping does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Ardmore Shipping is 30.77%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Ardmore Shipping will have a dividend payout ratio of 50.00% next year. This indicates that Ardmore Shipping will be able to sustain or increase its dividend.Read more about Ardmore Shipping's dividend. Previous Next 0.4 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreArdmore Shipping has received a -78.74% net impact score from Upright. The largest negative impact of Ardmore Shipping in category "GHG emissions" seems to be driven mostly by its "Diesel ship freight transport services for the oil industry", "Diesel ship freight transport services", and "Diesel ship freight transport services for the chemicals industry" products. See details.Environmental SustainabilityThe Environmental Impact score for Ardmore Shipping is -6.65. Previous Next 2.0 News and Social Media Coverage News SentimentArdmore Shipping has a news sentiment score of 0.52. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Transportation companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Ardmore Shipping this week, compared to 2 articles on an average week.Search InterestOnly 13 people have searched for ASC on MarketBeat in the last 30 days. This is a decrease of -13% compared to the previous 30 days.MarketBeat FollowsOnly 14 people have added Ardmore Shipping to their MarketBeat watchlist in the last 30 days. This is a decrease of -18% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Ardmore Shipping insiders have not sold or bought any company stock.Percentage Held by Institutions62.22% of the stock of Ardmore Shipping is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Ardmore Shipping's insider trading history. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Ardmore Shipping are expected to decrease by -38.24% in the coming year, from $2.72 to $1.68 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ardmore Shipping is 6.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.69.Price to Earnings Ratio vs. SectorThe P/E ratio of Ardmore Shipping is 6.45, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 13.00.Price to Book Value per Share RatioArdmore Shipping has a P/B Ratio of 1.40. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Ardmore Shipping's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Priority GoldThe 2024 Gold Rush: Unleashing Market PotentialWelcome to the financial rollercoaster of 2024, where inflation is persistent, stock markets are overinflated and volatile, global conflicts are intensifying, and the national debt is reaching new heights.Get your free information kit NOW, before it's too late. About Ardmore Shipping Stock (NYSE:ASC)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. Ardmore Shipping Corporation was founded in 2010 and is headquartered in Pembroke, Bermuda.Read More ASC Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ASC Stock News HeadlinesMay 7, 2024 | americanbankingnews.comArdmore Shipping (NYSE:ASC) Upgraded to Buy at StockNews.comApril 30, 2024 | americanbankingnews.comArdmore Shipping (NYSE:ASC) Downgraded by StockNews.com to HoldMay 7, 2024 | The Tomorrow Investor (Ad)The Department of Defense Has a New Drone ContractorThe Department of Defense just granted a major advantage to a small UAV provider. Since 1998, this Nasdaq-listed company has been supplying drones for civilian, enterprise, and military purposes.April 24, 2024 | prnewswire.comArdmore Shipping Announces First Quarter 2024 Conference Call and WebcastApril 23, 2024 | investorplace.com3 Oil Stocks to Buy Before the Middle East SparkApril 14, 2024 | finance.yahoo.comAre Investors Undervaluing Ardmore Shipping Corporation (NYSE:ASC) By 50%?April 2, 2024 | finance.yahoo.comArdmore Shipping (ASC) Dips More Than Broader Market: What You Should KnowMarch 15, 2024 | prnewswire.comArdmore Shipping Files 2023 Annual Report on Form 20-FMay 7, 2024 | The Tomorrow Investor (Ad)The Department of Defense Has a New Drone ContractorThe Department of Defense just granted a major advantage to a small UAV provider. Since 1998, this Nasdaq-listed company has been supplying drones for civilian, enterprise, and military purposes.March 11, 2024 | msn.comPOLICE: Birmingham man steals car, robs Ardmore Burger KingMarch 8, 2024 | finance.yahoo.comIs Ardmore Shipping Corporation's (NYSE:ASC) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?March 8, 2024 | investing.comU.S. Representative Virginia Foxx Just Reported a Purchase of $ASC stockFebruary 29, 2024 | uk.finance.yahoo.comArdmore Shipping Corporation (ASC)February 24, 2024 | msn.comArdmore Shipping (ASC) Price Target Increased by 8.60% to 20.60February 23, 2024 | seekingalpha.comArdmore Shipping: Lackluster Shareholders Returns, Better Value Elsewhere (Rating Downgrade)February 21, 2024 | seekingalpha.comArdmore Shipping: Solid Q4, But Q1 Will Be Even BetterFebruary 18, 2024 | finance.yahoo.comINSW Sep 2024 70.000 putFebruary 17, 2024 | money.usnews.comArdmore Shipping CorpFebruary 17, 2024 | finance.yahoo.comArdmore Shipping Full Year 2023 Earnings: Revenues Beat Expectations, EPS In LineFebruary 16, 2024 | markets.businessinsider.comStifel Nicolaus Keeps Their Buy Rating on Ardmore Shipping (ASC)February 16, 2024 | msn.comArdmore Shipping declares $0.21 dividendFebruary 16, 2024 | finance.yahoo.comArdmore Shipping Corporation (NYSE:ASC) Q4 2024 Earnings Call TranscriptFebruary 15, 2024 | finance.yahoo.comArdmore Shipping (ASC) Q4 Earnings and Revenues Surpass EstimatesFebruary 15, 2024 | seekingalpha.comArdmore Shipping Corporation 2023 Q4 - Results - Earnings Call PresentationFebruary 15, 2024 | finance.yahoo.comArdmore Shipping Corporation Announces Financial Results For The Three and Twelve Months Ended December 31, 2023February 15, 2024 | prnewswire.comArdmore Shipping Corporation Announces Financial Results For The Three and Twelve Months Ended December 31, 2023February 14, 2024 | benzinga.comA Preview Of Ardmore Shipping's EarningsSee More Headlines Receive ASC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Ardmore Shipping and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/15/2024Ex-Dividend for 3/15 Dividend2/28/2024Dividend Payable3/15/2024Today5/07/2024Next Earnings (Confirmed)5/08/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorTransportation Industry Deep sea foreign transportation of freight Sub-IndustryN/A Current SymbolNYSE:ASC CUSIPN/A CIK1577437 Webardmoreshipping.com Phone(441) 405-7800FaxN/AEmployees56Year Founded2010Price Target and Rating Average Stock Price Target$21.00 High Stock Price Target$22.00 Low Stock Price Target$20.00 Potential Upside/Downside+19.2%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$2.73 Trailing P/E Ratio6.45 Forward P/E Ratio6.48 P/E GrowthN/ANet Income$116.81 million Net Margins29.50% Pretax Margin29.87% Return on Equity22.76% Return on Assets16.80% Debt Debt-to-Equity Ratio0.15 Current Ratio3.75 Quick Ratio3.38 Sales & Book Value Annual Sales$395.98 million Price / Sales1.81 Cash Flow$3.54 per share Price / Cash Flow4.97 Book Value$12.60 per share Price / Book1.40Miscellaneous Outstanding Shares40,630,000Free FloatN/AMarket Cap$715.70 million OptionableOptionable Beta0.36 Social Links The Next 7 Blockbuster Stocks for Growth InvestorsWondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.Get This Free Report Key ExecutivesMr. Anthony Gurnee CFA (Age 64)Founder, President, CEO & Director Mr. Bart B. Kelleher (Age 48)Secretary & CFO Mr. Mark Cameron (Age 58)Executive VP & COO Mr. Barry O'NeillDirector of AccountingKey CompetitorsEagle Bulk ShippingNASDAQ:EGLETeekayNYSE:TKTsakos Energy NavigationNYSE:TNPGlobal Ship LeaseNYSE:GSLSafe BulkersNYSE:SBView All CompetitorsInstitutional OwnershipSei Investments Co.Bought 64,805 shares on 5/7/2024Ownership: 1.220%Empowered Funds LLCBought 13,825 shares on 5/7/2024Ownership: 0.451%SG Americas Securities LLCBought 132,143 shares on 5/7/2024Ownership: 0.325%Oppenheimer & Co. Inc.Bought 8,073 shares on 5/7/2024Ownership: 0.205%Significant Wealth Partners LLCBought 75,288 shares on 5/7/2024Ownership: 0.185%View All Institutional Transactions ASC Stock Analysis - Frequently Asked Questions Should I buy or sell Ardmore Shipping stock right now? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ardmore Shipping in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ASC shares. View ASC analyst ratings or view top-rated stocks. What is Ardmore Shipping's stock price target for 2024? 2 analysts have issued twelve-month price targets for Ardmore Shipping's shares. Their ASC share price targets range from $20.00 to $22.00. On average, they anticipate the company's share price to reach $21.00 in the next twelve months. This suggests a possible upside of 19.2% from the stock's current price. View analysts price targets for ASC or view top-rated stocks among Wall Street analysts. How have ASC shares performed in 2024? Ardmore Shipping's stock was trading at $14.09 at the start of the year. Since then, ASC shares have increased by 25.0% and is now trading at $17.6150. View the best growth stocks for 2024 here. Are investors shorting Ardmore Shipping? Ardmore Shipping saw a decline in short interest in March. As of March 31st, there was short interest totaling 984,300 shares, a decline of 8.0% from the March 15th total of 1,070,000 shares. Based on an average trading volume of 661,800 shares, the days-to-cover ratio is presently 1.5 days. View Ardmore Shipping's Short Interest. When is Ardmore Shipping's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our ASC earnings forecast. How can I listen to Ardmore Shipping's earnings call? Ardmore Shipping will be holding an earnings conference call on Wednesday, May 8th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 646-517-4150 with passcode "95017". How were Ardmore Shipping's earnings last quarter? Ardmore Shipping Co. (NYSE:ASC) posted its earnings results on Thursday, February, 15th. The shipping company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 29.50% and a trailing twelve-month return on equity of 22.76%. The company's revenue was down 25.6% on a year-over-year basis. During the same quarter last year, the company posted $1.33 earnings per share. How often does Ardmore Shipping pay dividends? What is the dividend yield for Ardmore Shipping? Ardmore Shipping announced a quarterly dividend on Thursday, February 15th. Investors 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 yield of 4.77%. The ex-dividend date is Wednesday, February 28th. This is a boost from the stock's previous quarterly dividend of $0.16. Read our dividend analysis for ASC. Is Ardmore Shipping a good dividend stock? Ardmore Shipping (NYSE:ASC) pays an annual dividend of $0.84 per share and currently has a dividend yield of 4.82%. ASC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 50.00% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for ASC. What ETFs hold Ardmore Shipping's stock? ETFs with the largest weight of Ardmore Shipping (NYSE:ASC) stock in their portfolio include SonicShares Global Shipping ETF (BOAT) and iShares US Small Cap Value Factor ETF (SVAL).Invesco Russell 2000 Dynamic Multifactor ETF (OMFS). What is Nick Beighton's approval rating as Ardmore Shipping's CEO? 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. What other stocks do shareholders of Ardmore Shipping own? 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). Who are Ardmore Shipping's major shareholders? Ardmore Shipping's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Sei Investments Co. (1.22%), Empowered Funds LLC (0.45%), SG Americas Securities LLC (0.33%), Oppenheimer & Co. Inc. (0.20%), Significant Wealth Partners LLC (0.19%) and LSV Asset Management (0.11%). View institutional ownership trends. How do I buy shares of Ardmore Shipping? 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. Compare Top Brokerages Here. This page (NYSE:ASC) was last updated on 5/7/2024 by MarketBeat.com Staff From Our PartnersThe Department of Defense Has a New Drone ContractorThe Tomorrow InvestorElon Musk Secret Crypto Plot ExposedCrypto 101 MediaThe A.I. story nobody is telling you (Read ASAP)TradeSmithConflict In Israel Sends Gold Soaring ???? Here’s How To Get Your ShareColonial MetalsHe Is Giving Away BitcoinCrypto Swap ProfitsObama’s Forever Term [exposed]Porter & CompanyThe ONE AI Stock to own now. (It’s not Nvidia.)Weiss RatingsPOTUS in ‘25 Not Biden/Trump, ButThe Freeport Society Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Ardmore Shipping Co. 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