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, topping the consensus estimate of $0.27 by $0.01, FiscalAI reports. The firm had revenue of $82.91 million during 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 Trading Down 4.1%

ASC stock traded down $0.56 during trading on Thursday, reaching $13.03. The company had a trading volume of 477,245 shares, compared to its average volume of 631,723. The business has a 50 day moving average of $11.67 and a 200 day moving average of $11.83. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.46 and a quick ratio of 4.08. The company has a market cap of $529.08 million, a P/E ratio of 16.70 and a beta of -0.09. Ardmore Shipping has a 52 week low of $8.32 and a 52 week high of $13.72.

Institutional Trading of Ardmore Shipping

A number of hedge funds have recently modified their holdings of the business. Zions Bancorporation National Association UT purchased a new stake in shares of Ardmore Shipping during the fourth quarter valued at approximately $25,000. Raymond James Financial Inc. bought a new position in Ardmore Shipping in the 2nd quarter valued at approximately $38,000. EverSource Wealth Advisors LLC boosted its stake in 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 purchasing an additional 7,972 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Ardmore Shipping by 536.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,737 shares of the shipping company’s stock valued at $84,000 after purchasing an additional 7,364 shares during the last quarter. Finally, Quadrant Capital Group LLC bought a new stake in shares of Ardmore Shipping in the 3rd quarter worth $105,000. Institutional investors own 62.22% of the company’s stock.

Analyst Upgrades and Downgrades

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