Equities analysts predict that Ardmore Shipping Corp (NYSE:ASC) will report ($0.10) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Ardmore Shipping’s earnings. The lowest EPS estimate is ($0.16) and the highest is ($0.03). Ardmore Shipping posted earnings of ($0.06) per share during the same quarter last year, which indicates a negative year-over-year growth rate of 66.7%. The firm is expected to report its next earnings report on Wednesday, May 2nd.
According to Zacks, analysts expect that Ardmore Shipping will report full-year earnings of $0.10 per share for the current year, with EPS estimates ranging from ($0.14) to $0.33. For the next year, analysts forecast that the company will post earnings of $0.91 per share, with EPS estimates ranging from $0.27 to $1.35. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for Ardmore Shipping.
Ardmore Shipping (NYSE:ASC) last released its quarterly earnings results on Wednesday, February 7th. The shipping company reported ($0.12) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.03. Ardmore Shipping had a negative net margin of 6.37% and a negative return on equity of 3.16%. The firm had revenue of $30.23 million for the quarter, compared to the consensus estimate of $30.24 million. During the same quarter in the previous year, the firm posted ($0.11) EPS. The firm’s quarterly revenue was up 1.4% on a year-over-year basis.
Ardmore Shipping (NYSE:ASC) traded up $0.05 during trading on Thursday, reaching $7.50. 280,302 shares of the company traded hands, compared to its average volume of 276,928. Ardmore Shipping has a 12-month low of $6.40 and a 12-month high of $9.05. The stock has a market cap of $251.82, a P/E ratio of -20.27, a price-to-earnings-growth ratio of 7.18 and a beta of 1.12. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.44 and a quick ratio of 1.27.
Several hedge funds and other institutional investors have recently bought and sold shares of ASC. Boston Partners boosted its holdings in shares of Ardmore Shipping by 59.7% in the 4th quarter. Boston Partners now owns 1,669,220 shares of the shipping company’s stock valued at $13,354,000 after buying an additional 623,752 shares during the period. Tocqueville Asset Management L.P. acquired a new position in Ardmore Shipping during the 3rd quarter valued at about $4,592,000. Northern Trust Corp boosted its stake in Ardmore Shipping by 88.7% during the 2nd quarter. Northern Trust Corp now owns 919,286 shares of the shipping company’s stock valued at $7,492,000 after purchasing an additional 432,042 shares during the period. Bank of New York Mellon Corp boosted its stake in Ardmore Shipping by 81.4% during the 4th quarter. Bank of New York Mellon Corp now owns 946,541 shares of the shipping company’s stock valued at $7,571,000 after purchasing an additional 424,688 shares during the period. Finally, Royce & Associates LP boosted its stake in Ardmore Shipping by 13.5% during the 3rd quarter. Royce & Associates LP now owns 1,945,525 shares of the shipping company’s stock valued at $16,051,000 after purchasing an additional 231,950 shares during the period. 86.63% of the stock is owned by institutional investors and hedge funds.
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About Ardmore Shipping
Ardmore Shipping Corporation provides seaborne transportation of petroleum products and chemicals to national oil companies, oil and chemical traders, and chemical companies, with its fleet of mid-size product and chemical tankers. The Company’s segment relates to the operations of its vessels. The Company’s fleet consists of over 20 double-hulled product and chemical tankers, all of which are in operation.
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