Ardmore Shipping Corp. (NYSE:ASC) – Seaport Global Securities issued their Q3 2016 earnings per share estimates for Ardmore Shipping Corp. in a report issued on Tuesday. Seaport Global Securities analyst M. Fyhr anticipates that the firm will earn ($0.07) per share for the quarter. Seaport Global Securities also issued estimates for Ardmore Shipping Corp.’s Q4 2016 earnings at $0.04 EPS, FY2016 earnings at $0.36 EPS and FY2017 earnings at $0.95 EPS.

Other analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Ardmore Shipping Corp. from a “hold” rating to a “sell” rating in a research report on Monday, August 15th. TheStreet upgraded shares of Ardmore Shipping Corp. from a “sell” rating to a “hold” rating in a research report on Monday, August 1st. Jefferies Group restated a “buy” rating on shares of Ardmore Shipping Corp. in a research report on Monday, September 12th. ABN Amro upgraded shares of Ardmore Shipping Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, June 30th. Finally, Stifel Nicolaus restated a “buy” rating on shares of Ardmore Shipping Corp. in a research report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. Ardmore Shipping Corp. presently has a consensus rating of “Buy” and a consensus target price of C$12.63.

Earnings History and Estimates for Ardmore Shipping Corp. (NYSE:ASC)

Shares of Ardmore Shipping Corp. (NYSE:ASC) opened at 6.66 on Thursday. The stock has a market capitalization of $223.04 million, a price-to-earnings ratio of 5.64 and a beta of 1.30. The firm has a 50-day moving average of $7.10 and a 200 day moving average of $7.97. Ardmore Shipping Corp. has a one year low of $6.46 and a one year high of $15.03.

Ardmore Shipping Corp. (NYSE:ASC) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.04. Ardmore Shipping Corp. had a net margin of 18.12% and a return on equity of 8.47%. The business earned $39.70 million during the quarter, compared to analyst estimates of $32.49 million. Ardmore Shipping Corp.’s revenue for the quarter was up 1.0% compared to the same quarter last year.

Institutional investors have recently modified their holdings of the company. FMR LLC increased its position in shares of Ardmore Shipping Corp. by 34.0% in the second quarter. FMR LLC now owns 3,317,014 shares of the company’s stock worth $22,456,000 after buying an additional 842,167 shares in the last quarter. Donald Smith & CO. Inc. increased its position in shares of Ardmore Shipping Corp. by 20.9% in the second quarter. Donald Smith & CO. Inc. now owns 2,922,262 shares of the company’s stock worth $19,784,000 after buying an additional 504,604 shares in the last quarter. Royce & Associates LP increased its position in shares of Ardmore Shipping Corp. by 33.1% in the first quarter. Royce & Associates LP now owns 1,782,503 shares of the company’s stock worth $15,062,000 after buying an additional 443,000 shares in the last quarter. Thrivent Financial for Lutherans bought a new position in shares of Ardmore Shipping Corp. during the second quarter worth approximately $2,302,000. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Ardmore Shipping Corp. by 110.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 631,244 shares of the company’s stock worth $4,274,000 after buying an additional 331,360 shares in the last quarter. Institutional investors and hedge funds own 63.25% of the company’s stock.

About Ardmore Shipping Corp.

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.

5 Day Chart for NYSE:ASC

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