Ardmore Shipping

Ardmore Shipping Corp. engages in the provision of seaborne transportation of petroleum products and chemicals worldwide. It also owns and operates a fleet of tankers. The company was founded by Anthony Gurnee on April 15, 2010 and is headquartered in Pembroke, Bermuda.

Earnings data Q1 2021

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Ardmore Shipping excels in record earnings amidst environmental challenges

Ardmore Shipping's strong financial performance, focus on balance sheet strength, and strategic growth initiatives position it well in volatile markets. The company faces challenges with environmental regulations but sees opportunities in energy transition investments and strategic growth decisions.

Ardmore Shipping reports robust Q1 earnings and optimistic market outlook

Ardmore Shipping delivered strong Q1 earnings driven by solid TCE rates and market performance. The company's prudent capital allocation strategy and focus on sustainability position it well for future growth. Despite market challenges and uncertainties, Ardmore's strong financial position and positive market outlook offer opportunities for continued success.

Ardmore Shipping (ASC) posts strong Q2 earnings amidst positive market outlook

Ardmore Shipping (ASC) delivered robust financial results in Q2 2023, showcasing operational excellence and strategic capital allocation. Despite market challenges, the company remains well-positioned to leverage industry dynamics and capitalize on growth opportunities. Investors can expect continued focus on fleet optimization, deleveraging, and maximizing shareholder returns.

Ardmore Shipping reports strong Q3 earnings, eyes growth opportunities

Ardmore Shipping's Q3 performance reflects a resilient business model in the tanker market, poised for growth amidst favorable market conditions. The company's strategic focus on energy efficiency and capital allocation priorities position it well for future opportunities and challenges.

Ardmore Shipping reports robust Q1 earnings amidst positive market outlook

Ardmore Shipping's Q1 2024 performance reflects strong earnings driven by fleet performance and market dynamics, with a positive outlook for the industry.
The company's strategic focus on efficiency upgrades, capital allocation, and market opportunities positions it well for future growth and resilience.
While facing challenges in fleet management and capital decisions, Ardmore Shipping remains proactive in addressing industry trends and enhancing shareholder value.

Ardmore Shipping posts strong Q2 earnings amidst leadership transition

Ardmore Shipping's Q2 performance reflects strong earnings and a positive market outlook supported by robust industry fundamentals.
The company's focus on continuity in strategy, fleet modernization, and technology integration underscores a commitment to long-term growth.
While facing challenges such as leadership transition and market uncertainties, Ardmore Shipping is well-positioned to leverage opportunities for growth and operational enhancement.

Ardmore Shipping excels in Q3 earnings, eyes growth opportunities

Ardmore Shipping's Q3 performance reflects strong earnings, positive market outlook, and strategic capital allocation policies.
While facing challenges in cost management and market uncertainties, the company aims to leverage opportunities for growth and value creation.
By focusing on fleet investments, dividends, and debt reduction, Ardmore Shipping aims to deliver shareholder value amidst evolving market dynamics.

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Ardmore Shipping Corp. provides seaborne transportation of petroleum products and chemicals. It engages in the provision of seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies, with modern, fuel-efficient fleet of mid-size products and chemical tankers. The firm also owns and operates a fleet of tankers. The company was founded by Anthony Gurnee on April 15, 2010 and is headquartered in Pembroke, Bermuda.

Among the tanker companies I have researched so far, Ardmore Shipping is the only player exposed to the chemical market. Another important element that differentiates ASC from other tanker operators is its net cash balance, which represents ~5.0% of its current market capitalization. According to management, Ardmore would generate earnings per share of approximately $1.97 using charter rates of $25,000 per day, which is roughly in line with what was reported in Q3.

Ardmore Shipping: Net Cash Balance Sheet With Meaningful Exposure To Chemical Tanker Market

Recently, Zacks.com users have been paying close attention to Ardmore Shipping (ASC). This makes it worthwhile to examine what the stock has in store.

Ardmore Shipping Corporation (ASC) is Attracting Investor Attention: Here is What You Should Know

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Wall Street Bulls Look Optimistic About Ardmore Shipping (ASC): Should You Buy?

Ardmore Shipping (ASC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Ardmore Shipping Corporation (ASC) Is a Trending Stock: Facts to Know Before Betting on It

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Wall Street Analysts Think Ardmore Shipping (ASC) Is a Good Investment: Is It?

Investors Heavily Search Ardmore Shipping Corporation (ASC): Here is What You Need to Know

The third quarter results were not that bad. Compared to 3Q23, Ardmore realized higher revenue, EBITDA, and EPS. According to the company's estimates, an additional $10,000 per day equals an annual increase of about $2.25 in EPS increase and nearly $100 million in FCF growth. As of November 06, Ardmore holds $47.6 million cash and owes $30.0 million total debt. Its Total Debt-to-Equity ratio is 8.1%.

Ardmore Shipping: Appealing Again At A Massive Discount And Attractive Yield; Rating Upgrade

Ardmore Shipping's strategic advantage lies in its eco-friendly fleet and operational flexibility, enabling it to capitalize on shifting market dynamics between chemical and petroleum products. Q3 results showed double-digit growth in revenue and EPS, along with improved TCE rates and record-low breakeven levels. Ardmore's balance sheet has strengthened, reducing debt from $97 million to $23 million, and rewarding shareholders with consecutive dividend payouts.

Ardmore Shipping: Recent Sell-Off Has Created A Golden Buying Opportunity

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Ardmore Shipping (ASC) Is Considered a Good Investment by Brokers: Is That True?

Ardmore Shipping Corporation (ASC) Q3 2024 Earnings Call Transcript

Ardmore Shipping (ASC) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.49 per share a year ago.

Ardmore Shipping (ASC) Tops Q3 Earnings and Revenue Estimates

HAMILTON, Bermuda , Nov. 6, 2024 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore", the "Company" or "we") today announced results for the three and nine months ended September 30, 2024. Highlights and Recent Activity Reported net income and Adjusted earnings of $23.3 million for the three months ended September 30, 2024, or $0.55 earnings and Adjusted earnings per basic share and diluted share, compared to net income attributable to common stockholders and Adjusted earnings of $20.3 million, or $0.49 earnings and Adjusted earnings per basic share and diluted share for the three months ended September 30, 2023.

Ardmore Shipping Corporation Announces Financial Results For The Three and Nine Months Ended September 30, 2024

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Ardmore Shipping (ASC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Ardmore Shipping (ASC) Reports Next Week: Wall Street Expects Earnings Growth

In the latest trading session, Ardmore Shipping (ASC) closed at $14.16, marking a -1.8% move from the previous day.

Ardmore Shipping (ASC) Stock Sinks As Market Gains: Here's Why

HAMILTON, Bermuda , Oct. 23, 2024 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") today announced that the Company plans to announce its third quarter earnings before the market opens Wednesday, November 6, 2024 and will host a conference call later in the day at 10:00 a.m. Eastern Time.

Ardmore Shipping Announces Third Quarter 2024 Conference Call and Webcast

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In the most recent trading session, Ardmore Shipping (ASC) closed at $16.23, indicating a -1.96% shift from the previous trading day.

Ardmore Shipping (ASC) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Wall Street Analysts See Ardmore Shipping (ASC) as a Buy: Should You Invest?

The latest trading day saw Ardmore Shipping (ASC) settling at $16.68, representing a +0.06% change from its previous close.

Ardmore Shipping (ASC) Ascends But Remains Behind Market: Some Facts to Note

Should You Invest in Ardmore Shipping (ASC) Based on Bullish Wall Street Views?

In the latest trading session, Ardmore Shipping (ASC) closed at $18.10, marking a +0.78% move from the previous day.

Ardmore Shipping (ASC) Laps the Stock Market: Here's Why

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