Ardmore Shipping Corporation (ASC)
| Market Cap | 498.68M |
| Revenue (ttm) | 422.62M |
| Net Income (ttm) | 149.67M |
| Shares Out | 42.01M |
| EPS (ttm) | 3.55 |
| PE Ratio | 3.34 |
| Forward PE | 8.38 |
| Dividend | $1.08 (9.10%) |
| Ex-Dividend Date | Nov 29, 2024 |
| Volume | 459,332 |
| Open | 11.93 |
| Previous Close | 12.02 |
| Day's Range | 11.62 - 12.10 |
| 52-Week Range | 10.86 - 23.44 |
| Beta | 0.28 |
| Analysts | Buy |
| Price Target | 20.00 (+68.49%) |
| Earnings Date | Feb 13, 2025 |
About 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]
Financial Performance
In 2023, Ardmore Shipping's revenue was $395.98 million, a decrease of -11.16% compared to the previous year's $445.74 million. Earnings were $113.41 million, a decrease of -16.03%.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for ASC stock is "Buy." The 12-month stock price forecast is $20.0, which is an increase of 68.49% from the latest price.
News
Ardmore Shipping Announces 2025 Investor Day in New York
The Company will present an overview of its strategy and capital allocation framework, along with an in-depth update on key developments and the outlook for the product and chemical tanker market. The...
Ardmore Shipping: Trading Significantly Below NAV While Day Rates Continue To Advance
ASC's current valuation is superior to its industry peer group, trading at 75% of NAV. I project modest earnings improvement from the Q4 forecast provided during the Q3 conference call as a result of ...
69 Graham Value All-Stars, Of 20 'Safer' Choices, Buy Any Of 14
The Value Score identifies large-cap stocks offering the best value relative to their assets and profits, focusing on low-priced, high-value investments. The Ben Graham Formula targets ultra-stable st...
Wall Street's Most Accurate Analysts' Views On 3 Energy Stocks With Over 7% Dividend Yields
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...
Ardmore Shipping: Net Cash Balance Sheet With Meaningful Exposure To Chemical Tanker Market
Among the tanker companies I have researched so far, Ardmore Shipping is the only player exposed to the chemical market. Another important element that differentiates ASC from other tanker operators i...
Ardmore Shipping: Appealing Again At A Massive Discount And Attractive Yield; Rating Upgrade
The third quarter results were not that bad. Compared to 3Q23, Ardmore realized higher revenue, EBITDA, and EPS. According to the company's estimates, an additional $10,000 per day equals an annual in...
Ardmore Shipping: Recent Sell-Off Has Created A Golden Buying Opportunity
Ardmore Shipping's strategic advantage lies in its eco-friendly fleet and operational flexibility, enabling it to capitalize on shifting market dynamics between chemical and petroleum products. Q3 res...
Top 4 Energy Stocks That Could Blast Off In November
The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.
Ardmore Shipping Corporation (ASC) Q3 2024 Earnings Call Transcript
Ardmore Shipping Corporation (ASC) Q3 2024 Earnings Call Transcript
Ardmore Shipping Corporation Announces Financial Results For The Three and Nine Months Ended September 30, 2024
HAMILTON, Bermuda , Nov. 6, 2024 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore", the "Company" or "we") today announced results for the three and nine months ended September 30, 2...
Wall Street's Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 8% Dividend Yields
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...
Ardmore Shipping Announces Third Quarter 2024 Conference Call and Webcast
HAMILTON, Bermuda , Oct. 23, 2024 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") today announced that the Company plans to announce its third quarter earnings be...
68 Graham All Star Value Stocks Show 55 In September Fit To Buy
The Value Score identifies large-cap stocks offering high value relative to their price, focusing on profits, cash flows, assets, and sales. The Ben Graham Formula targets ultra-stable stocks with str...
Ardmore Shipping Is A Triple Play Of Wide Operating Margins, Robust Dividends, And A Strong Balance Sheet
ASC operates 26 vessels, including 20 MR and 6 chemical tankers, with a market cap of $720 million. The global refinery market is becoming more polarized and supportive of high shipping rates. I belie...
Ardmore Shipping: Strong Buy Driven By Market Outlook And Company Fundamentals
Ardmore Shipping Corporation operates a fleet of 26 Medium-Range product and chemical tanker vessels. Ardmore Shipping has positive net cash, low cash breakeven and a young fleet. The tanker market is...
Ardmore Shipping Corporation (ASC) Q2 2024 Earnings Call Transcript
Ardmore Shipping Corporation (NYSE:ASC) Q2 2024 Earnings Conference Call July 31, 2024 10:00 AM ET Company Participants Anthony Gurnee - President, Chief Executive Officer Bart Kelleher - Chief Finan...
Ardmore Shipping Corporation Announces Financial Results For The Three and Six Months Ended June 30, 2024
HAMILTON, Bermuda , July 31, 2024 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore", the "Company" or "we") today announced results for the three and six months ended June 30, 2024. ...
Ardmore Shipping Is A Buy For Its Yield And Adaptability
Ardmore Shipping operates a global tanker fleet primarily in mid-range transportation services, focusing on container-stored goods and chemical transportation. The company has shown positive performan...
Ardmore Shipping Announces Second Quarter 2024 Conference Call and Webcast
HAMILTON, Bermuda , July 17, 2024 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") today announced that the Company plans to announce its second quarter earnings b...
Top 10 Stocks 2nd Half 2024 With Steven Cress
Top 10 stocks for the 2nd half of 2024 from a Quant perspective shared by Steven Cress, Head of Quantitative Strategy. Hercules Capital the 1st BDC to make the list, followed by SPX Technologies in th...
Ardmore Shipping Announces Leadership Transition
Gernot Ruppelt to succeed Anthony Gurnee as CEO; Bart Kelleher to be appointed President HAMILTON, Bermuda , July 8, 2024 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Co...
Ardmore Shipping: Strong Momentum And Solid Dividend Yield Stock (SA Quant)
Ardmore Shipping beat earnings expectations in seven out of the last eight quarters, raised its dividend by 47.6%, and 1Y price performance is +66%. According to consensus estimates, EPS is projected ...
Ardmore Shipping: Safety In The Seas As TCE Rates May Permanently Elevate
Shipping stocks, including Ardmore Shipping, have seen significant gains due to geopolitical tensions and odd global economic conditions. Ardmore Shipping has strong financials, with low debt and posi...