Analysts expect Ardmore Shipping Corp (NYSE:ASC) to announce ($0.08) earnings per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Ardmore Shipping’s earnings, with estimates ranging from ($0.16) to $0.08. Ardmore Shipping reported earnings of ($0.06) per share during the same quarter last year, which would indicate a negative year over year growth rate of 33.3%. The firm is expected to issue its next earnings results on Wednesday, May 2nd.
On average, analysts expect that Ardmore Shipping will report full-year earnings of $0.13 per share for the current year, with EPS estimates ranging from ($0.12) to $0.33. For the next fiscal year, analysts forecast that the company will post earnings of $0.90 per share, with EPS estimates ranging from $0.27 to $1.30. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Ardmore Shipping.
Ardmore Shipping (NYSE:ASC) last issued its 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 company had revenue of $30.23 million for the quarter, compared to analysts’ expectations of $30.24 million. During the same period in the prior year, the business earned ($0.11) EPS. The firm’s quarterly revenue was up 1.4% on a year-over-year basis.
Shares of Ardmore Shipping (ASC) opened at $7.20 on Thursday. Ardmore Shipping has a 1-year low of $6.40 and a 1-year high of $9.05. The firm has a market cap of $235.03, a PE ratio of -18.95, a PEG ratio of 6.02 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 large investors have recently added to or reduced their stakes in the company. Voya Investment Management LLC raised its position in shares of Ardmore Shipping by 32.4% in the 2nd quarter. Voya Investment Management LLC now owns 14,753 shares of the shipping company’s stock valued at $120,000 after purchasing an additional 3,614 shares during the last quarter. Alliancebernstein L.P. purchased a new position in shares of Ardmore Shipping in the 2nd quarter valued at approximately $155,000. Two Sigma Securities LLC purchased a new position in shares of Ardmore Shipping in the 4th quarter valued at approximately $203,000. The Manufacturers Life Insurance Company raised its position in shares of Ardmore Shipping by 4.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,340 shares of the shipping company’s stock valued at $255,000 after purchasing an additional 1,306 shares during the last quarter. Finally, Two Sigma Investments LP purchased a new position in shares of Ardmore Shipping in the 4th quarter valued at approximately $535,000. Institutional investors and hedge funds own 82.10% of the company’s stock.
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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