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.

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.

Is Ardmore Shipping (ASC) a Buy as Wall Street Analysts Look Optimistic?

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.

Is Trending Stock Ardmore Shipping Corporation (ASC) a Buy Now?

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.

Is Most-Watched Stock Ardmore Shipping Corporation (ASC) Worth Betting on Now?

Ardmore Shipping Corporation operates a fleet of 26 Medium-Range product and chemical tanker vessels. Ardmore Shipping has positive net cash, low cash breakeven and a young fleet. The tanker market is currently dislocated, ensuring day rates remain high for the next quarters.

Ardmore Shipping: Strong Buy Driven By Market Outlook And Company Fundamentals

Ardmore Shipping Corporation (NYSE:ASC ) Q2 2024 Earnings Conference Call July 31, 2024 10:00 AM ET Company Participants Anthony Gurnee - President, Chief Executive Officer Bart Kelleher - Chief Financial Officer Gernot Ruppelt - Senior Vice President and Chief Commercial Officer Conference Call Participants Jon Chappell - Evercore ISI Omar Nokta - Jefferies Ben Nolan - Stifel Operator Good morning, ladies and gentlemen, and welcome to Ardmore Shipping Second Quarter 2024 Earnings Conference Call. Today's call is being recorded, and an audio webcast and presentation are available in the Investor Relations section of the Company's website, ardmoreshipping.com.

Ardmore Shipping Corporation (ASC) Q2 2024 Earnings Call Transcript

Ardmore Shipping (ASC) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $1.08 per share. This compares to earnings of $0.57 per share a year ago.

Ardmore Shipping (ASC) Surpasses Q2 Earnings and Revenue Estimates

HAMILTON, Bermuda , July 31, 2024 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore", the "Company" or "we") today announced results for the three and six months ended June 30, 2024. Highlights and Recent Activity Reported net income of $61.8 million for the three months ended June 30, 2024, or $1.48 earnings per basic share and $1.47 earnings per diluted share, compared to net income of $23.7 million, or $0.57 earnings per basic and diluted share for the three months ended June 30, 2023.

Ardmore Shipping Corporation Announces Financial Results For The Three and Six Months Ended June 30, 2024

The latest trading day saw Ardmore Shipping (ASC) settling at $20.81, representing a +0.19% change from its previous close.

Ardmore Shipping (ASC) Ascends While Market Falls: Some Facts to Note

Ardmore Shipping (ASC) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Looking for a Growth Stock? 3 Reasons Why Ardmore Shipping (ASC) is a Solid Choice

Here is how Ardmore Shipping (ASC) and C.H. Robinson Worldwide (CHRW) have performed compared to their sector so far this year.

Is Ardmore Shipping (ASC) Stock Outpacing Its Transportation Peers This Year?

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Ardmore Shipping operates a global tanker fleet primarily in mid-range transportation services, focusing on container-stored goods and chemical transportation. The company has shown positive performance for shareholders in the last five years, with a strong cash cushion and ability to pay dividends. ASC has adapted to global shifts in the maritime shipping industry, re-routing supply lines and controlling controllable factors to maximize profitability.

Ardmore Shipping Is A Buy For Its Yield And Adaptability

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?

Brokers Suggest Investing in Ardmore Shipping (ASC): Read This Before Placing a Bet

HAMILTON, Bermuda , July 17, 2024 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") today announced that the Company plans to announce its second quarter earnings before the market opens Wednesday, July 31, 2024 and will host a conference call later in the day at 10:00 a.m. Eastern Time.

Ardmore Shipping Announces Second Quarter 2024 Conference Call and Webcast

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In the closing of the recent trading day, Ardmore Shipping (ASC) stood at $20, denoting a -1.91% change from the preceding trading day.

Ardmore Shipping (ASC) Stock Falls Amid Market Uptick: What Investors Need to Know

Gernot Ruppelt to succeed Anthony Gurnee as CEO; Bart Kelleher to be appointed President HAMILTON, Bermuda , July 8, 2024 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") today announced that Founder and CEO Anthony Gurnee has informed the Board of Directors (the "Board") of his intention to retire from his executive and board positions later this year. Following a comprehensive selection process, the Board of Directors has appointed current executive and Chief Commercial Officer Gernot Ruppelt as the Company's new CEO, and expanded current CFO Bart Kelleher's position to take on the additional role of President, with the leadership transition to take effect from September 16, 2024 at the Company's upcoming quarterly board meeting.

Ardmore Shipping Announces Leadership Transition

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

In the closing of the recent trading day, Ardmore Shipping (ASC) stood at $22.59, denoting a +1.26% change from the preceding trading day.

Ardmore Shipping (ASC) Exceeds Market Returns: Some Facts to Consider

In the latest trading session, Ardmore Shipping (ASC) closed at $22.31, marking a -0.36% move from the previous day.

Here's Why Ardmore Shipping (ASC) Fell More Than Broader Market

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Ardmore Shipping (ASC) closed at $22.26 in the latest trading session, marking a +1.09% move from the prior day.

Ardmore Shipping (ASC) Surpasses Market Returns: Some Facts Worth Knowing

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

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

Ardmore Shipping beat earnings expectations in seven out of the last eight quarters, raised its dividend by 47.6%, and 1Y price performance is +66%. According to consensus estimates, EPS is projected to grow 24% in FY24. Ardmore Shipping showcases a forward dividend yield of over 5.87% and EBIT and net income margins of ~30%.

Ardmore Shipping: Strong Momentum And Solid Dividend Yield Stock (SA Quant)

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News for Ardmore Shipping Stock (ASC)