DHT (DHT) to Release Earnings on Tuesday

DHT (NYSE:DHT) is anticipated to issue its Q1 2025 quarterly earnings data after the market closes on Tuesday, May 6th. Analysts expect the company to announce earnings of $0.16 per share and revenue of $84.00 million for the quarter.

DHT (NYSE:DHT) last issued its earnings results on Wednesday, February 5th. The shipping company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.12. DHT had a net margin of 31.72% and a return on equity of 17.42%. On average, analysts expect DHT to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

DHT Stock Up 1.8 %

Shares of NYSE DHT opened at $10.90 on Friday. DHT has a 52-week low of $8.67 and a 52-week high of $12.80. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 9.73 and a beta of -0.06. The stock has a 50 day moving average price of $10.41 and a 200 day moving average price of $10.36. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.50 and a current ratio of 1.84.

DHT Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 6.24%. The ex-dividend date was Tuesday, February 18th. DHT’s dividend payout ratio is 60.71%.

Analyst Upgrades and Downgrades

DHT has been the topic of several research reports. Jefferies Financial Group raised their price target on DHT from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Evercore ISI reduced their price target on shares of DHT from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $12.74.

About DHT

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. The company also offers technical management services. As of March 15, 2024, it had a fleet of 24 very large crude carriers. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.