Ardmore Shipping (ASC) Projected to Post Quarterly Earnings on Wednesday

Ardmore Shipping (NYSE:ASC) is projected to announce its Q1 2025 earnings results before the market opens on Wednesday, May 7th. Analysts expect Ardmore Shipping to post earnings of $0.20 per share and revenue of $43.04 million for the quarter.

Ardmore Shipping (NYSE:ASC) last issued its quarterly earnings data on Thursday, February 13th. The shipping company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.08). Ardmore Shipping had a net margin of 32.78% and a return on equity of 20.48%. On average, analysts expect Ardmore Shipping to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Ardmore Shipping Stock Performance

Shares of ASC traded up $0.12 during mid-day trading on Tuesday, reaching $10.08. 264,183 shares of the company’s stock were exchanged, compared to its average volume of 708,021. The stock has a market capitalization of $407.83 million, a PE ratio of 3.29 and a beta of -0.02. The business’s fifty day simple moving average is $9.51 and its 200-day simple moving average is $11.18. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.24 and a quick ratio of 3.86. Ardmore Shipping has a 52-week low of $8.32 and a 52-week high of $23.44.

Ardmore Shipping Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.32 dividend on an annualized basis and a yield of 3.17%. Ardmore Shipping’s payout ratio is 10.46%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Jefferies Financial Group restated a “buy” rating and set a $17.00 price objective on shares of Ardmore Shipping in a research report on Thursday, February 13th. Evercore ISI cut their target price on Ardmore Shipping from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Tuesday, April 22nd. Finally, Stifel Nicolaus lowered their price target on Ardmore Shipping from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ardmore Shipping currently has a consensus rating of “Hold” and a consensus price target of $13.67.

About Ardmore Shipping

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.