Ardmore Shipping(ASC)
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Ardmore Shipping: Strong Buy Driven By Market Outlook And Company Fundamentals
Seeking Alpha· 2024-08-13 18:16
CHUNYIP WONG/E+ via Getty Images A couple of weeks ago, on July 31st, 2024, Ardmore Shipping Corporation (NYSE:ASC) – a product and chemical tanker operator - released its earnings report for the second quarter of 2024. Both revenues and net income surpassed analysts' expectations, leading to a roughly 4% increase in the stock price on the same trading day. In this article, I will provide an overview of Ardmore Shipping—a company I have not previously covered—and offer my rating recommendation. If you'r ...
ZyVersa Therapeutics Announces Published Data Supporting the Rationale for Inhibiting Inflammasome ASC with IC 100 to Control Chronic Inflammation
GlobeNewswire News Room· 2024-08-07 19:50
Data demonstrate that extracellular ASC specks, independent of IL-1β, govern the pathogenesis and extent of amyloid A (AA) amyloidosis, which is characterized by deposition of insoluble amyloid fibrils in tissues and organs disrupting their structure and function.Extracellular ASC interacts with serum amyloid A (SAA) released by the liver during inflammation, forming a scaffold that accelerates SAA aggregation into amyloid fibrils, which are deposited in tissues and organs.Amyloid A amyloidosis occurs in a ...
Ardmore Shipping(ASC) - 2024 Q2 - Earnings Call Presentation
2024-08-01 10:00
业绩总结 - Ardmore在2024年第二季度报告调整后收益为4760万美元,每股收益为1.13美元[9] - 2024年第二季度调整后的EBITDAR为6120万美元,较2023年同期的3710万美元显著增长[28] - 2024年6月30日,净收入为62,692千美元,较去年同期的150,139千美元下降[46] - 2024年6月30日,调整后的EBITDA为58,495千美元,较去年同期的178,270千美元下降[46] - 2024年6月30日,调整后的EBITDAR为61,158千美元,较去年同期的188,218千美元下降[46] 用户数据 - 产品油轮在2024年第二季度的日均收入为41400美元,第三季度已预定的日均收入为33700美元[9] - 化学油轮在2024年第二季度的资本调整后日均收入为36100美元,第三季度已预定的日均收入为31200美元[9] - 2024年第二季度的在租可用率为99.2%[30] - 2024年第三季度的平均船队利用率预计为99%[48] 未来展望 - 2024年资本支出预计为2500万美元,其中1500万美元用于提升效率的技术和洗涤器安装[30] - 2024年每增加10000美元的TCE费率,预计每股收益将增加约2.30美元[31] - 每增加10000美元的TCE将带来9500万美元的年度自由现金流[32] - 预计2024年中东地区的进口为1.1百万桶/日,出口为4.8百万桶/日[40] - 2024年全球总贸易量为2390万桶/日,预计2025年保持不变[40] 新产品和新技术研发 - 超过50%的船队已安装洗涤器,预计2025年将再增加四艘[30] - 公司的船队平均年龄为9.8年,符合行业碳减排目标[45] 市场扩张和并购 - 由于俄罗斯-乌克兰冲突和欧盟精炼产品禁运,全球产品贸易重新排序,显著增加了吨英里需求[22] - 全球炼油厂的运行已超过疫情前的高点,OPEC+计划在9月逐步取消220万桶/日的供应削减[11] 负面信息 - 2024年第二季度的总资产为7.42亿美元,较2023年同期的6.96亿美元有所增加[26] - 2024年第三季度预计运营费用为1,500万美元[48] - 2024年第三季度预计租船费用为600万美元[48] - 2024年第三季度预计折旧和摊销费用为900万美元[48] - 2024年第三季度预计商业和企业的间接费用为750万美元,运行率为650万美元[48] - 2024年6月30日,利息支出和融资成本为2,044千美元,较去年同期的10,290千美元下降[46]
Ardmore Shipping(ASC) - 2024 Q2 - Earnings Call Transcript
2024-08-01 01:25
分组1 - 公司正在进行领导层过渡,新任CEO Gernot Ruppelt和CFO Bart Kelleher将延续公司的长期战略和业务方针 [9][10][11] - 公司将继续专注于产品和化学品运输船,并通过提升运营效率和成本控制来提高盈利能力 [13][14][15][16] - 公司将积极拥抱新技术和创新,并致力于建设强大的企业文化和团队 [15][16][17][19] 分组2 - 公司第二季度业绩表现出色,MR船和化学品船的日租金收益大幅增长 [21][22][23] - 行业基本面保持强劲,需求增长和船舶供给有限支撑了市场前景 [24][25][26][29][30][31][32][34][35][36] - 公司将继续执行既定的资本配置政策,包括派发股息、投资于现有船队以及适度的舰队更新 [27][28][39] 问答环节重要的提问和回答 问题1 **Jon Chappell 提问** 公司是否考虑在当前高位市场中锁定更多中长期租约 [53][54][55][56][57] **Gernot Ruppelt 回答** 公司目前倾向于保持较高的现货市场敞口,但也会根据具体情况进行相对价值交易 [54][55][56] 问题2 **Omar Nokta 提问** 公司最近的船舶收购和处置交易如何评估,未来是否会继续进行类似的资产优化交易 [61][62][63][64][65][66][67][68][69][70][71] **Gernot Ruppelt 和 Bart Kelleher 回答** 公司将继续执行既定的资本配置政策,根据市场机会有选择性地进行资产优化和适度的舰队更新 [64][65][66][67][68][69][70][73][74] 问题3 **Ben Nolan 提问** 作为新任CEO,对未来3-5年公司的发展目标和重点工作有何规划 [83][84][85][86][87] **Gernot Ruppelt 回答** 公司将在保持既有成功战略的基础上,进一步推动业务创新、抓住交易机会,并持续发展组织文化建设 [85][86][87]
Ardmore Shipping (ASC) Surpasses Q2 Earnings and Revenue Estimates
ZACKS· 2024-07-31 22:10
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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.63%. A quarter ago, it was expected that this shipping company would post earnings of $0.87 per share when it actually produced earnings of $0.92, delivering a surprise of 5.75%.Over the last four quarters, the c ...
Ardmore Shipping Corporation Announces Financial Results For The Three and Six Months Ended June 30, 2024
Prnewswire· 2024-07-31 20:00
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. W ...
ZyVersa Therapeutics Announces Published Data Demonstrating That Plasma Levels of Inflammasome ASC Show Promise as Biomarker of Early Cognitive Changes in Older Adults
GlobeNewswire News Room· 2024-07-29 19:45
This data supports the potential of plasma ASC levels as a biomarker for early stages of cognitive decline, based on elevated ASC levels in older adults (>60 years) who were cognitively normal at baseline but demonstrated cognitive decline one year later (NI) compared to ASC levels in those who: Were cognitively normal at both baseline and 1 year later (NN), andWere cognitively impaired at both baseline and one year later (II) Inflammasome-induced neuroinflammation has been associated with early stages of c ...
Ardmore Shipping (ASC) Ascends While Market Falls: Some Facts to Note
ZACKS· 2024-07-26 06:55
The most recent trading session ended with Ardmore Shipping (ASC) standing at $20.81, reflecting a +0.19% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily loss of 0.51%. Elsewhere, the Dow gained 0.2%, while the tech-heavy Nasdaq lost 0.93%.Prior to today's trading, shares of the shipping company had lost 8.5% over the past month. This has lagged the Transportation sector's loss of 1.66% and the S&P 500's loss of 0.26% in that time.The upcoming ear ...
Is Ardmore Shipping (ASC) Stock Outpacing Its Transportation Peers This Year?
ZACKS· 2024-07-24 22:46
Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Ardmore Shipping (ASC) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Ardmore Shipping is one of 135 companies in the Transportation group. The Transportation group currently sits at #14 within the Zacks Sector Rank. The ...
Buy 4 Stocks With Rising Cash Flows to Enrich Your Portfolio
ZACKS· 2024-07-24 20:55
We are already into the second-quarter reporting cycle and stocks with top-line growth and increasing profit numbers might be popular choices. But choosing stocks based on a company’s efficiency in generating cash flows can be far more rewarding.In this regard, stocks like Ardmore Shipping Corporation (ASC) , TXO Partners, L.P. (TXO) , GeoPark Limited (GPRK) and biote Corp. (BTMD) are worth buying.This is because even a profit-making company can have a dearth of cash flow and become bankrupt while meeting i ...