Ardmore Shipping (ASC) Expected to Announce Earnings on Thursday

Ardmore Shipping (NYSE:ASC) is expected to be posting its quarterly earnings results before the market opens on Thursday, February 13th. Analysts expect Ardmore Shipping to post earnings of $0.33 per share for the quarter.

Ardmore Shipping Price Performance

Shares of ASC opened at $11.66 on Tuesday. The firm has a market capitalization of $487.67 million, a PE ratio of 3.26 and a beta of 0.25. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.57 and a quick ratio of 3.26. The company’s 50-day moving average is $11.88 and its 200-day moving average is $15.02. Ardmore Shipping has a fifty-two week low of $10.86 and a fifty-two week high of $23.44.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Jefferies Financial Group cut their price objective on shares of Ardmore Shipping from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Stifel Nicolaus lowered shares of Ardmore Shipping from a “buy” rating to a “hold” rating and lowered their price target for the stock from $24.00 to $17.00 in a research report 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 company has a consensus rating of “Hold” and an average target price of $20.00.

About Ardmore Shipping

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.