Ardmore Shipping Corp (NYSE:ASC) declared a quarterly dividend on Wednesday, February 12th, Wall Street Journal reports. Investors of record on Friday, February 21st will be given a dividend of 0.05 per share by the shipping company on Friday, February 28th. This represents a $0.20 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Thursday, February 20th.
ASC opened at $6.30 on Thursday. The firm has a market capitalization of $175.75 million, a PE ratio of -5.00 and a beta of 1.35. Ardmore Shipping has a twelve month low of $5.04 and a twelve month high of $9.79. The firm’s 50-day moving average price is $7.38 and its 200 day moving average price is $7.49. The company has a current ratio of 1.50, a quick ratio of 1.34 and a debt-to-equity ratio of 1.20.
Ardmore Shipping (NYSE:ASC) last posted its quarterly earnings results on Tuesday, February 11th. The shipping company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The business had revenue of $38.08 million for the quarter, compared to analyst estimates of $38.91 million. Ardmore Shipping had a negative return on equity of 6.11% and a negative net margin of 18.34%. As a group, analysts predict that Ardmore Shipping will post -0.26 earnings per share for the current fiscal year.
Several research firms have weighed in on ASC. Fearnley Fonds lowered shares of Ardmore Shipping from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. ValuEngine upgraded shares of Ardmore Shipping from a “sell” rating to a “hold” rating in a report on Saturday, February 1st. Zacks Investment Research upgraded shares of Ardmore Shipping from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a report on Friday, January 24th. Stifel Nicolaus upgraded shares of Ardmore Shipping from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a report on Wednesday, January 22nd. Finally, TheStreet upgraded shares of Ardmore Shipping from a “d+” rating to a “c-” rating in a report on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $8.50.
Ardmore Shipping Company Profile
Ardmore Shipping Corporation, together with its subsidiaries, engages in the seaborne transportation of petroleum products and chemicals worldwide. As of January 31, 2019, the company operated a fleet of 27 double-hulled product and chemical tankers, including 21 Eco-design and 6 Eco-mod vessels. It serves oil majors, oil companies, oil and chemical traders, and chemical companies.
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