Ardmore Shipping (ASC) to Release Earnings on Wednesday

Ardmore Shipping (NYSE:ASCGet Free Report) is scheduled to be announcing its earnings results before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.80 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Ardmore Shipping Price Performance

ASC stock opened at $14.04 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.50 and a quick ratio of 3.18. The business has a 50 day simple moving average of $17.20 and a 200-day simple moving average of $19.33. The firm has a market capitalization of $587.43 million, a PE ratio of 4.00 and a beta of 0.37. Ardmore Shipping has a 1 year low of $12.69 and a 1 year high of $23.44.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ASC shares. Fearnley Fonds upgraded Ardmore Shipping to a “hold” rating in a research report on Friday, September 27th. Evercore ISI upped their price objective on Ardmore Shipping from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. Jefferies Financial Group upped their price objective on Ardmore Shipping from $21.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. StockNews.com cut Ardmore Shipping from a “buy” rating to a “hold” rating in a research note on Wednesday, September 25th. Finally, Stifel Nicolaus cut Ardmore Shipping from a “buy” rating to a “hold” rating and decreased their price target for the stock from $24.00 to $17.00 in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $22.33.

Get Our Latest Analysis on Ardmore Shipping

About Ardmore Shipping

(Get Free Report)

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.

See Also

Earnings History for Ardmore Shipping (NYSE:ASC)

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