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

Ardmore Shipping (NYSE:ASC) will likely be issuing its quarterly earnings data before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $0.33 per share for the quarter.

Ardmore Shipping Stock Up 0.2 %

Shares of NYSE ASC opened at $11.85 on Thursday. 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 1 year low of $10.86 and a 1 year high of $23.44. The stock’s 50-day simple moving average is $11.86 and its 200-day simple moving average is $15.22. The firm has a market cap of $495.59 million, a price-to-earnings ratio of 3.32 and a beta of 0.25.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Jefferies Financial Group cut their target price on Ardmore Shipping from $20.00 to $17.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Stifel Nicolaus cut shares of Ardmore Shipping from a “buy” rating to a “hold” rating and cut their price target for the company from $24.00 to $17.00 in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.