Ardmore Shipping (NYSE:ASC) Issues Quarterly Earnings Results

Posted by Francis Steltz on Nov 3rd, 2026

Ardmore Shipping (NYSE:ASC – Get Free Report) posted its quarterly earnings results on Tuesday. The shipping company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.01, FiscalAI reports. Ardmore Shipping had a net margin of 29.67% and a return on equity of 15.24%. The business had revenue of $87.71 million during the quarter, compared to analyst estimates of $56.67 million.

Ardmore Shipping Price Performance

ASC stock opened at $18.58 on Tuesday. The stock has a market capitalization of $756.60 million, a price-to-earnings ratio of 6.98 and a beta of 0.11. The firm’s 50-day moving average price is $18.82 and its two-hundred day moving average price is $16.58. The company has a current ratio of 5.45, a quick ratio of 4.84 and a debt-to-equity ratio of 0.05. Ardmore Shipping has a 12-month low of $10.31 and a 12-month high of $21.34.

Analyst Upgrades and Downgrades

ASC has been the subject of several analyst reports. Wall Street Zen cut Ardmore Shipping from a “strong-buy” rating to a “buy” rating in a report on Saturday. Weiss Ratings raised Ardmore Shipping from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, September 22nd. Finally, Evercore reiterated an “outperform” rating and issued a $22.00 price objective on shares of Ardmore Shipping in a research report on Tuesday, October 27th. Three investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $18.50.

View Our Latest Analysis on Ardmore Shipping

Ardmore Shipping Company Profile

(Get Free Report)

Ardmore Shipping Corporation (NYSE: ASC) is a maritime transportation company that owns and operates a fleet of product and chemical tankers. The company provides seaborne transportation services for refined petroleum products, such as gasoline, diesel and jet fuel, as well as certain chemicals and other liquid cargoes.

Ardmore’s vessels primarily serve international trade routes, transporting cargoes between major energy and industrial markets. Its operations include commercial management, chartering and technical management of its fleet, with an emphasis on safe, efficient and environmentally responsible maritime transportation.

Founded in 2010, Ardmore Shipping is headquartered in Hamilton, Bermuda.