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Ardmore Shipping (ASC)
NYSE:ASC
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.16Last Year’s EPS
0.92Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: -11.70%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted Ardmore Shipping Corporation's strong financial performance, operational efficiencies, and strategic initiatives, despite facing market volatility and geopolitical challenges. The company's advancements in technology and strategic fleet management were notable positives.Company Guidance
During the call, Ardmore Shipping Corporation provided detailed guidance on several key financial metrics and market dynamics for 2024. The company reported adjusted earnings of $120 million, or $2.84 per share, for the full year, with a fourth-quarter contribution of $10.3 million, translating to $0.25 per share. Ardmore emphasized its efficient capital allocation strategy, highlighting the repurchase of 4% of its shares at an average price of $11.49 and the declaration of a quarterly cash dividend of $0.08 per share. The company's TCE performance remained robust, with MRs earning $22,700 per day in Q4 and $23,400 per day in Q1 2025 so far, while chemical tankers earned $21,400 per day in Q4 and $14,000 per day in Q1 2025. Ardmore also noted a significant reduction in cash breakeven levels to $11,500 per day, positioning it well for future market conditions. The company remains focused on leveraging market volatility, regulatory shifts, and geopolitical disruptions to drive earnings and shareholder value.Strong Financial Performance
Ardmore Shipping Corporation reported adjusted earnings of $120 million or $2.84 per share for the full year, and $10.3 million or $0.25 per share for the fourth quarter.
Share Repurchase and Dividend
Repurchased 4% of shares during the fourth quarter at an average price of $11.49 and declared a quarterly cash dividend of $0.08 per share.
Operational Efficiency
Achieved low cash breakeven levels of $11,500 per day, positioning the company to benefit from various market scenarios.
Technological Advancements
Implemented AI and digitalization tools to enhance performance, achieving annual savings in excess of $5 million with returns over 100%.
Strategic Fleet Management
Executed a successful ship swap, selling an older vessel and acquiring a more efficient and versatile newer ship.
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ASC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ASC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 13, 2025 | $11.54 | $10.72 | -7.11% |
| Nov 06, 2024 | $13.52 | $13.00 | -3.85% |
| Jul 31, 2024 | $20.18 | $20.91 | +3.62% |
| May 08, 2024 | $16.74 | $19.35 | +15.59% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ardmore Shipping (ASC) report earnings?
Ardmore Shipping (ASC) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Ardmore Shipping (ASC) earnings time?
Ardmore Shipping (ASC) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ASC EPS forecast?
ASC EPS forecast for the fiscal quarter 2025 (Q1) is 0.16.
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