Equities research analysts expect that DHT Holdings Inc (NYSE:DHT) will report earnings of $0.74 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for DHT’s earnings, with estimates ranging from $0.70 to $0.77. DHT posted earnings of $0.13 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 469.2%. The company is scheduled to announce its next quarterly earnings results on Wednesday, February 5th.
On average, analysts expect that DHT will report full year earnings of $0.83 per share for the current financial year, with EPS estimates ranging from $0.79 to $0.86. For the next fiscal year, analysts anticipate that the business will post earnings of $1.29 per share, with EPS estimates ranging from $1.27 to $1.30. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for DHT.
DHT (NYSE:DHT) last issued its earnings results on Wednesday, October 23rd. The shipping company reported ($0.06) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.01. The business had revenue of $58.89 million for the quarter, compared to the consensus estimate of $55.16 million. DHT had a net margin of 2.04% and a return on equity of 2.66%. The firm’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same period in the previous year, the company earned ($0.15) earnings per share.
A number of equities analysts recently weighed in on the stock. ValuEngine downgraded shares of DHT from a “sell” rating to a “strong sell” rating in a report on Thursday, November 7th. Zacks Investment Research upgraded shares of DHT from a “hold” rating to a “strong-buy” rating and set a $8.25 target price on the stock in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $8.13.
DHT traded up $0.06 during trading on Thursday, reaching $7.56. 1,913,754 shares of the stock were exchanged, compared to its average volume of 1,400,137. The stock has a market cap of $1.12 billion, a P/E ratio of -30.24, a price-to-earnings-growth ratio of 1.78 and a beta of 0.52. DHT has a twelve month low of $3.60 and a twelve month high of $7.99. The stock’s 50 day moving average price is $7.47 and its two-hundred day moving average price is $6.29. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.36 and a current ratio of 1.58.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were given a dividend of $0.05 per share. The ex-dividend date was Wednesday, November 6th. This represents a $0.20 dividend on an annualized basis and a yield of 2.65%. DHT’s dividend payout ratio (DPR) is -80.00%.
A number of hedge funds have recently added to or reduced their stakes in DHT. Royal Bank of Canada boosted its position in shares of DHT by 581.6% in the second quarter. Royal Bank of Canada now owns 4,546 shares of the shipping company’s stock valued at $27,000 after acquiring an additional 3,879 shares during the period. Founders Capital Management boosted its position in shares of DHT by 100.0% in the third quarter. Founders Capital Management now owns 5,000 shares of the shipping company’s stock valued at $30,000 after acquiring an additional 2,500 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of DHT in the second quarter valued at about $51,000. Meeder Asset Management Inc. boosted its position in shares of DHT by 2,556.2% in the second quarter. Meeder Asset Management Inc. now owns 11,156 shares of the shipping company’s stock valued at $66,000 after acquiring an additional 10,736 shares during the period. Finally, Bank of Montreal Can boosted its position in shares of DHT by 551.5% in the second quarter. Bank of Montreal Can now owns 11,714 shares of the shipping company’s stock valued at $69,000 after acquiring an additional 9,916 shares during the period. 45.85% of the stock is owned by hedge funds and other institutional investors.
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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