Ardmore Shipping (NYSE:ASC – Get Free Report) posted its quarterly earnings data on Wednesday. The shipping company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.05, Zacks reports. Ardmore Shipping had a net margin of 36.31% and a return on equity of 25.13%. The firm had revenue of $121.30 million for the quarter, compared to analysts’ expectations of $80.51 million. During the same quarter last year, the company posted $0.57 EPS. The business’s quarterly revenue was up 32.0% on a year-over-year basis.
Ardmore Shipping Stock Performance
Ardmore Shipping stock opened at $20.10 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.79 and a debt-to-equity ratio of 0.04. The firm has a market cap of $816.66 million, a P/E ratio of 7.97 and a beta of 0.39. Ardmore Shipping has a 1-year low of $11.78 and a 1-year high of $23.44. The firm has a 50-day moving average of $21.58 and a 200-day moving average of $18.56.
Ardmore Shipping Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.56%. The ex-dividend date of this dividend is Friday, August 30th. Ardmore Shipping’s payout ratio is 47.51%.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on Ardmore Shipping
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.
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