Zacks: Analysts Expect DHT Holdings Inc (NYSE:DHT) to Post $0.74 EPS

Brokerages expect DHT Holdings Inc (NYSE:DHT) to post earnings of $0.74 per share for the current quarter, Zacks reports. Two analysts have provided estimates for DHT’s earnings. The highest EPS estimate is $0.77 and the lowest is $0.70. DHT reported earnings per share of $0.13 in the same quarter last year, which indicates a positive year over year growth rate of 469.2%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, February 5th.

On average, analysts expect that DHT will report full year earnings of $0.74 per share for the current financial year, with EPS estimates ranging from $0.68 to $0.79. For the next fiscal year, analysts forecast that the business will post earnings of $1.29 per share, with EPS estimates ranging from $1.27 to $1.30. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow DHT.

DHT (NYSE:DHT) last posted its earnings results on Wednesday, October 23rd. The shipping company reported ($0.06) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.01. DHT had a return on equity of 2.66% and a net margin of 2.04%. The company had revenue of $58.89 million for the quarter, compared to the consensus estimate of $55.16 million. During the same quarter in the previous year, the business earned ($0.15) earnings per share. The company’s revenue for the quarter was up 22.2% on a year-over-year basis.

DHT has been the subject of a number of recent analyst reports. ValuEngine downgraded DHT from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 8th. Zacks Investment Research cut shares of DHT from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th.

Large investors have recently bought and sold shares of the stock. Man Group plc purchased a new position in shares of DHT during the 3rd quarter worth approximately $440,000. Russell Investments Group Ltd. boosted its position in shares of DHT by 14.3% during the third quarter. Russell Investments Group Ltd. now owns 159,062 shares of the shipping company’s stock worth $978,000 after buying an additional 19,926 shares during the period. Marshall Wace LLP purchased a new position in shares of DHT during the second quarter worth $2,099,000. SG Americas Securities LLC boosted its position in shares of DHT by 122.3% during the third quarter. SG Americas Securities LLC now owns 287,886 shares of the shipping company’s stock worth $1,770,000 after buying an additional 158,395 shares during the period. Finally, Barclays PLC grew its stake in shares of DHT by 136.3% in the third quarter. Barclays PLC now owns 313,855 shares of the shipping company’s stock valued at $1,931,000 after buying an additional 181,044 shares in the last quarter. 46.35% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE DHT traded down $0.27 during mid-day trading on Friday, reaching $6.71. 6,047,289 shares of the company’s stock were exchanged, compared to its average volume of 4,070,572. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 111.85, a PEG ratio of 1.12 and a beta of 0.58. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.36 and a current ratio of 1.58. DHT has a 52-week low of $3.60 and a 52-week high of $8.83. The company’s 50-day moving average is $7.72 and its 200-day moving average is $6.75.

DHT Company Profile

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Oslo, Norway and Singapore. As of March 18, 2019, it had a fleet of 27 very large crude carriers with a capacity of 8,360,850 deadweight tons. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.

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