Ardmore Shipping (NYSE:ASC) Issues Earnings Results

Ardmore Shipping (NYSE:ASC) issued its quarterly earnings results on Thursday. The shipping company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01, FiscalAI reports. The firm had revenue of $82.91 million for the quarter, compared to analyst estimates of $51.00 million. Ardmore Shipping had a return on equity of 6.69% and a net margin of 11.50%.

Here are the key takeaways from Ardmore Shipping’s conference call:

• Ardmore is benefiting from a very strong freight market: reported MR TCEs of about $25k/day (Q4) and ~$29k/day (Q1, 50% booked)
• Financial position strengthened—Ardmore refinanced into a $350m revolving facility, fully redeemed the $30m preferred, maintains a low cash break‑even (~$11.7k/day) and declared a quarterly dividend consistent with policy.
• Operational moves are boosting returns: an intensive dry‑docking/upgrades program (including advanced cargo tank coatings) and AI/hull‑performance initiatives have raised cargo versatility and produced TCE premiums (management cites up to $6k/day) while cutting future CapEx (2026 forecast ~$5m).
• Structural supply/demand tailwinds persist—sanctions and “dark fleet” activity have sidelined a material portion of tonnage and the MR fleet is ageing (avg ~15 years with scrapping candidates far exceeding the orderbook), supporting tighter utilization and longer ton‑miles.
• Key risks remain: geopolitics and evolving trade routes create volatility, and a likely tougher global liquidity/financing environment (large sovereign and corporate issuance needs) could raise funding costs or constrain capital deployment.

Ardmore Shipping Stock Performance

Shares of ASC stock traded down $0.56 during trading hours on Thursday, hitting $13.03. 477,245 shares of the company were exchanged, compared to its average volume of 631,723. The company has a current ratio of 4.46, a quick ratio of 4.08 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $529.08 million, a price-to-earnings ratio of 16.70 and a beta of -0.09. The firm has a fifty day simple moving average of $11.67 and a 200 day simple moving average of $11.83. Ardmore Shipping has a 52-week low of $8.32 and a 52-week high of $13.72.

Hedge Funds Weigh In On Ardmore Shipping

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASC. Zions Bancorporation National Association UT bought a new stake in Ardmore Shipping during the fourth quarter valued at $25,000. Raymond James Financial Inc. purchased a new stake in shares of Ardmore Shipping in the 2nd quarter valued at about $38,000. EverSource Wealth Advisors LLC boosted its position in shares of Ardmore Shipping by 1,689.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,444 shares of the shipping company’s stock valued at $81,000 after acquiring an additional 7,972 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Ardmore Shipping by 536.3% during the second quarter. Tower Research Capital LLC TRC now owns 8,737 shares of the shipping company’s stock worth $84,000 after purchasing an additional 7,364 shares in the last quarter. Finally, Quadrant Capital Group LLC bought a new position in shares of Ardmore Shipping in the third quarter worth approximately $105,000. Institutional investors own 62.22% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Jefferies Financial Group restated a “buy” rating and set a $15.00 price objective on shares of Ardmore Shipping in a report on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ardmore Shipping in a research report on Wednesday, December 24th. Finally, Evercore boosted their price objective on Ardmore Shipping from $13.00 to $15.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $13.67.

About Ardmore Shipping

Ardmore Shipping Corporation is a Bermuda-based provider of seaborne transportation services for refined petroleum products. The company owns and operates a modern fleet of product tankers, including medium-range (MR), long-range 2 (LR2) and Aframax vessels. Ardmore Shipping focuses on the ocean carriage of clean and dirty petroleum products under time charters, bareboat charters and spot voyages, serving a diverse customer base that includes major oil companies and trading houses.

Since its founding in 2005, Ardmore Shipping has grown its fleet through newbuilding contracts, second-hand acquisitions and fleet renewals, aiming to maintain a high quality, fuel-efficient profile.

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