Ardmore Shipping (ASC) Scheduled to Post Quarterly Earnings on Wednesday

Ardmore Shipping (NYSE:ASC) will be announcing its Q3 earnings results before the market opens on Wednesday, November 7th. Analysts expect the company to announce earnings of ($0.33) per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Shares of NYSE ASC traded up $0.13 during midday trading on Tuesday, hitting $7.07. 2,994 shares of the company’s stock were exchanged, compared to its average volume of 141,718. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.23 and a current ratio of 1.42. Ardmore Shipping has a twelve month low of $6.18 and a twelve month high of $9.00. The firm has a market capitalization of $232.02 million, a PE ratio of -19.08 and a beta of 0.75.

Several equities research analysts have recently weighed in on ASC shares. ValuEngine raised Ardmore Shipping from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. Zacks Investment Research lowered Ardmore Shipping from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. Fearnley Fonds raised Ardmore Shipping from a “reduce” rating to a “buy” rating and raised their target price for the stock from $6.70 to $9.30 in a research report on Tuesday, September 25th. Finally, Morgan Stanley cut their target price on Ardmore Shipping from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $10.22.

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Ardmore Shipping Company Profile

Ardmore Shipping Corporation, together with its subsidiaries, engages in the seaborne transportation of petroleum products and chemicals worldwide. The company operates a fleet of 28 double-hulled product and chemical tankers. It serves oil majors, oil companies, oil and chemical traders, and chemical companies.

Read More: How are Outstanding Shares Different from Authorized Shares?

Earnings History for Ardmore Shipping (NYSE:ASC)

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