Ardmore Shipping (ASC) Expected to Announce Quarterly Earnings on Thursday

Ardmore Shipping (NYSE:ASC) is anticipated to release its earnings data before the market opens on Thursday, February 13th. Analysts expect Ardmore Shipping to post earnings of $0.33 per share for the quarter.

Ardmore Shipping Stock Performance

Shares of Ardmore Shipping stock opened at $11.77 on Wednesday. The business’s 50 day moving average price is $11.89 and its 200 day moving average price is $14.95. The company has a market cap of $492.25 million, a price-to-earnings ratio of 3.30 and a beta of 0.25. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.26 and a current ratio of 3.57. Ardmore Shipping has a one year low of $10.86 and a one year high of $23.44.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ASC shares. Stifel Nicolaus cut shares of Ardmore Shipping from a “buy” rating to a “hold” rating and lowered their price target for the company from $24.00 to $17.00 in a research report on Wednesday, October 23rd. Jefferies Financial Group dropped their price target on shares of Ardmore Shipping from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Ardmore Shipping currently has a consensus rating of “Hold” and an average price target of $20.00.

Ardmore Shipping Company Profile

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.