Wall Street brokerages expect DHT Holdings Inc (NYSE:DHT) to announce earnings of $0.84 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for DHT’s earnings, with estimates ranging from $0.78 to $0.90. DHT reported earnings per share of ($0.03) during the same quarter last year, which would suggest a positive year-over-year growth rate of 2,900%. The business is scheduled to issue its next earnings report after the market closes on Monday, August 10th.
On average, analysts expect that DHT will report full year earnings of $1.85 per share for the current year. For the next year, analysts anticipate that the company will report earnings of $1.16 per share, with EPS estimates ranging from $0.66 to $1.66. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for DHT.
DHT (NYSE:DHT) last released its earnings results on Tuesday, May 5th. The shipping company reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.07). The business had revenue of $152.50 million for the quarter, compared to analysts’ expectations of $141.86 million. DHT had a net margin of 20.84% and a return on equity of 14.74%. The business’s quarterly revenue was up 77.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.12 earnings per share.
DHT has been the subject of several research analyst reports. DNB Markets upgraded DHT from a “hold” rating to a “buy” rating and set a $7.60 target price for the company in a research note on Thursday, May 28th. Fearnley Fonds cut DHT from a “buy” rating to a “hold” rating and set a $5.30 target price for the company. in a research note on Tuesday, June 2nd. Zacks Investment Research cut DHT from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. ValuEngine cut DHT from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 30th. Finally, Stifel Nicolaus cut DHT from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $8.00 to $5.00 in a research note on Thursday, June 18th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. DHT presently has an average rating of “Hold” and an average price target of $6.98.
DHT stock opened at $5.49 on Monday. The stock has a market cap of $787.23 million, a P/E ratio of 7.13 and a beta of -0.19. The company has a current ratio of 1.58, a quick ratio of 1.30 and a debt-to-equity ratio of 0.71. The stock has a 50 day moving average of $5.46 and a 200-day moving average of $6.23. DHT has a 52 week low of $4.77 and a 52 week high of $8.83.
Hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC acquired a new stake in DHT during the 1st quarter worth about $821,000. Victory Capital Management Inc. acquired a new stake in shares of DHT during the 4th quarter valued at about $1,228,000. Bank of Montreal Can lifted its holdings in shares of DHT by 31.4% during the 4th quarter. Bank of Montreal Can now owns 16,011 shares of the shipping company’s stock valued at $132,000 after buying an additional 3,830 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of DHT during the 4th quarter valued at about $253,000. Finally, ProShare Advisors LLC lifted its holdings in shares of DHT by 22.8% during the 4th quarter. ProShare Advisors LLC now owns 12,402 shares of the shipping company’s stock valued at $103,000 after buying an additional 2,305 shares during the last quarter. 62.72% of the stock is currently owned by hedge funds and other institutional investors.
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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