<div id="readability-page-1"><p>Ardmore Shipping (NYSE:ASC - Get Free Report) posted its earnings results on Wednesday. The shipping company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.28 by $0.03, Zacks reports. Ardmore Shipping had a return on equity of 8.46% and a net margin of 14.48%.The firm had revenue of $81.25 million during the quarter, compared to the consensus estimate of $48.38 million. During the same period last year, the company earned $0.55 earnings per share. The business's quarterly revenue was down 15.5% on a year-over-year basis.</p><div><p><span></span><span>Get <strong>Ardmore Shipping</strong> alerts:</span></p></div><h2>Ardmore Shipping Price Performance</h2><p>Shares of NYSE:ASC traded up $0.18 during mid-day trading on Wednesday, reaching $12.46. The stock had a trading volume of 507,071 shares, compared to its average volume of 478,235. The business's 50 day moving average price is $12.09 and its 200 day moving average price is $10.82. Ardmore Shipping has a 1 year low of $8.32 and a 1 year high of $13.85. The company has a current ratio of 3.88, a quick ratio of 3.56 and a debt-to-equity ratio of 0.04. The company has a market cap of $506.13 million, a P/E ratio of 12.10 and a beta of 0.01. </p><h2>Ardmore Shipping Increases Dividend</h2><p>The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.2%. This is a boost from Ardmore Shipping's previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Friday, November 28th. Ardmore Shipping's payout ratio is presently 27.18%. </p><h2>Hedge Funds Weigh In On Ardmore Shipping</h2><p>Hedge funds have recently bought and sold shares of the business. Qube Research &amp; Technologies Ltd grew its holdings in  Ardmore Shipping by 7.0% during the 2nd quarter. Qube Research &amp; Technologies Ltd now owns 496,757 shares of the shipping company's stock worth $4,769,000 after acquiring an additional 32,347 shares in the last quarter.  Sei Investments Co. grew its holdings in shares of  Ardmore Shipping by 1.2% during the second quarter. Sei Investments Co. now owns 359,623 shares of the shipping company's stock valued at $3,452,000 after buying an additional 4,190 shares during the last quarter.  JPMorgan Chase &amp; Co. boosted its position in  Ardmore Shipping by 23.1% in the second quarter. JPMorgan Chase &amp; Co. now owns 311,162 shares of the shipping company's stock valued at $2,987,000 after buying an additional 58,330 shares during the last quarter.  Federated Hermes Inc. raised its holdings in shares of  Ardmore Shipping by 1.9% during the second quarter. Federated Hermes Inc. now owns 280,418 shares of the shipping company's stock worth $2,692,000 after purchasing an additional 5,356 shares during the last quarter.  Finally, Empowered Funds LLC raised its stake in shares of  Ardmore Shipping by 7.5% during the 1st quarter. Empowered Funds LLC now owns 234,987 shares of the shipping company's stock valued at $2,301,000 after buying an additional 16,458 shares during the last quarter. Institutional investors own  62.22% of the company's stock. </p><h2>Wall Street Analysts Forecast Growth</h2><p>A number of equities analysts have issued reports on ASC shares. Zacks Research downgraded shares of Ardmore Shipping from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a report on Monday, September 29th. Weiss Ratings  restated a &#34;hold (c)&#34; rating on shares of Ardmore Shipping in a research note on Wednesday, October 8th. Evercore ISI increased their price objective on Ardmore Shipping from $13.00 to $15.00 and gave the stock an &#34;outperform&#34; rating in a research report on Tuesday, October 28th. Finally, Jefferies Financial Group  restated a &#34;buy&#34; rating and set a $15.00 price objective on shares of Ardmore Shipping in a research report on Wednesday. One analyst  has rated the stock with a Strong Buy rating, two have assigned  a Buy rating and three have issued  a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $13.67.</p><p><b>View Our Latest Analysis on Ardmore Shipping</b></p><h2>Ardmore Shipping Company Profile</h2> (Get Free Report)<p>Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. The company's fleet consists of 22 owned vessels including 21 Eco-design and 1 Eco-mod vessel, and four chartered-in vessels. It serves oil majors, oil companies, oil and chemical traders, chemical companies, and pooling service providers.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Ardmore Shipping</li><li>Should You Invest in Penny Stocks?</li><li>3 Cash-Rich Stocks With High Growth Potential Right Now</li><li>3 Stocks to Consider Buying in October</li><li>Why Vertical Aerospace Stock Could Double After This Flight Test</li><li>Why Special Dividends Can be a Delightful Surprise for Income Investors</li><li>Amazon: Breakout Confirmed—Here’s Where It Could Go Next</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUFTQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUFTQw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Ardmore Shipping Right Now?</h2><p>Before you consider Ardmore Shipping, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ardmore Shipping wasn't on the list.</p><p>While Ardmore Shipping currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Ardmore Shipping (NYSE:ASC) reported quarterly earnings of $0.31 per share, exceeding estimates of $0.28. The company had revenue of $81.25 million, significantly above the expected $48.38 million, although down 15.5% year-over-year. Ardmore also announced a quarterly dividend of $0.10, up from $0.07, with a yield of 3.2%. Analysts have mixed ratings on the stock, with a consensus target price of $13.67. Institutional investors hold 62.22% of the company's shares.</p>

Ardmore Shipping (NYSE:ASC) Announces Quarterly Earnings Results