Brokerages expect DHT Holdings Inc (NYSE:DHT) to post sales of $81.20 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for DHT’s earnings. The highest sales estimate is $86.50 million and the lowest is $76.60 million. DHT posted sales of $46.19 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 75.8%. The business is scheduled to issue its next quarterly earnings report on Monday, May 6th.
According to Zacks, analysts expect that DHT will report full-year sales of $272.16 million for the current financial year, with estimates ranging from $229.53 million to $297.35 million. For the next financial year, analysts expect that the company will report sales of $382.99 million, with estimates ranging from $308.66 million to $446.56 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for DHT.
DHT (NYSE:DHT) last posted its quarterly earnings data on Wednesday, February 6th. The shipping company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). The company had revenue of $85.20 million for the quarter, compared to analysts’ expectations of $84.83 million. DHT had a negative return on equity of 4.15% and a negative net margin of 14.05%. The company’s revenue for the quarter was up 50.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.05) EPS.
A number of research firms recently commented on DHT. Zacks Investment Research upgraded DHT from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. ValuEngine cut DHT from a “buy” rating to a “hold” rating in a research report on Thursday, December 6th. Wells Fargo & Co cut DHT from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 10th. Finally, DNB Markets cut DHT from a “buy” rating to a “hold” rating in a research report on Friday, November 30th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $6.08.
DHT stock traded up $0.06 during midday trading on Friday, reaching $4.56. 785,720 shares of the company were exchanged, compared to its average volume of 905,644. The stock has a market cap of $646.08 million, a PE ratio of -18.24 and a beta of 0.54. DHT has a 1 year low of $3.28 and a 1 year high of $5.60. The company has a current ratio of 1.56, a quick ratio of 1.30 and a debt-to-equity ratio of 1.01.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 26th. Shareholders of record on Tuesday, February 19th were issued a $0.05 dividend. This is a boost from DHT’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Friday, February 15th. This represents a $0.20 annualized dividend and a yield of 4.39%. DHT’s payout ratio is -80.00%.
Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its position in shares of DHT by 24.3% during the third quarter. JPMorgan Chase & Co. now owns 321,063 shares of the shipping company’s stock worth $1,509,000 after purchasing an additional 62,672 shares in the last quarter. BlackRock Inc. lifted its position in shares of DHT by 0.8% during the third quarter. BlackRock Inc. now owns 4,635,606 shares of the shipping company’s stock worth $21,788,000 after purchasing an additional 37,505 shares in the last quarter. FMR LLC lifted its position in shares of DHT by 11.2% during the third quarter. FMR LLC now owns 283,815 shares of the shipping company’s stock worth $1,334,000 after purchasing an additional 28,589 shares in the last quarter. Rubric Capital Management LP acquired a new stake in shares of DHT during the third quarter worth about $2,546,000. Finally, Dimensional Fund Advisors LP raised its holdings in DHT by 8.8% in the third quarter. Dimensional Fund Advisors LP now owns 8,498,319 shares of the shipping company’s stock valued at $39,942,000 after acquiring an additional 689,652 shares in the last quarter. Institutional investors own 40.79% of the company’s stock.
DHT Company Profile
DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Oslo, Norway and Singapore. As of February 6, 2018, it had a fleet of 27 very large crude carriers and 2 Aframaxes with deadweight tons of 8,590,740. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.
Recommended Story: How a Strangle Strategy is different from a Straddle Strategy
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for DHT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DHT and related companies with MarketBeat.com's FREE daily email newsletter.