2024-05-14 11:00:50 ET
Summary
- Ardmore Shipping beat earnings expectations in seven out of the last eight quarters, raised its dividend by 47.6%, and 1Y price performance is +66%.
- According to consensus estimates, EPS is projected to grow 24% in FY24.
- Ardmore Shipping showcases a forward dividend yield of over 5.87% and EBIT and net income margins of ~30%.
- Based on strong momentum, profitability, and a solid dividend, SA’s Quant Team rates Ardmore Shipping a Strong Buy.
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Ardmore Shipping: Strong Momentum And Solid Dividend Yield Stock (SA Quant)