Jefferies Group Weighs in on DHT Holdings Inc’s FY2017 Earnings (DHT)

DHT Holdings Inc (NYSE:DHT) – Stock analysts at Jefferies Group lifted their FY2017 earnings estimates for shares of DHT Holdings in a research report issued to clients and investors on Thursday, according to Zacks Investment Research. Jefferies Group analyst D. Mavrinac now expects that the shipping company will post earnings per share of $0.07 for the year, up from their prior estimate of $0.04.

DHT Holdings (NYSE:DHT) last posted its quarterly earnings results on Monday, January 30th. The shipping company reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.06. DHT Holdings had a net margin of 2.87% and a return on equity of 11.97%. The business earned $67 million during the quarter, compared to analyst estimates of $66.49 million. During the same period in the previous year, the business posted $0.31 EPS. The company’s quarterly revenue was down 16.2% on a year-over-year basis.

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Earnings History and Estimates for DHT Holdings (NYSE:DHT)

DHT has been the topic of a number of other reports. Zacks Investment Research upgraded shares of DHT Holdings from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a research report on Wednesday, March 29th. Stifel Nicolaus upped their target price on shares of DHT Holdings from $4.50 to $5.00 and gave the company a “hold” rating in a research report on Monday, January 30th. Finally, Maxim Group upped their target price on shares of DHT Holdings from $6.50 to $7.00 and gave the company a “buy” rating in a research report on Friday. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $6.17.

DHT Holdings (NYSE:DHT) traded down 1.08% on Friday, hitting $4.60. 1,045,977 shares of the stock traded hands. The stock has a 50-day moving average of $4.71 and a 200-day moving average of $4.32. DHT Holdings has a 12-month low of $3.29 and a 12-month high of $6.10. The firm has a market cap of $435.26 million, a price-to-earnings ratio of 46.46 and a beta of 1.16.

A number of hedge funds have recently bought and sold shares of DHT. Allianz Asset Management AG increased its position in DHT Holdings by 13.7% in the fourth quarter. Allianz Asset Management AG now owns 1,858,614 shares of the shipping company’s stock valued at $7,694,000 after buying an additional 224,390 shares during the period. State Street Corp increased its position in DHT Holdings by 5.6% in the fourth quarter. State Street Corp now owns 1,738,488 shares of the shipping company’s stock valued at $7,199,000 after buying an additional 92,180 shares during the period. Cedar Capital LLC acquired a new position in DHT Holdings during the third quarter valued at approximately $5,155,000. Russell Investments Group Ltd. acquired a new position in DHT Holdings during the fourth quarter valued at approximately $4,229,000. Finally, Guggenheim Capital LLC increased its position in DHT Holdings by 58.0% in the fourth quarter. Guggenheim Capital LLC now owns 754,953 shares of the shipping company’s stock valued at $3,126,000 after buying an additional 277,064 shares during the period. 59.90% of the stock is owned by institutional investors and hedge funds.

DHT Holdings Company Profile

DHT Holdings, Inc operates a fleet of crude oil tankers. As of March 21, 2017, the Company’s fleet consisted of 21 crude oil tankers in operation. As of March 21, 2017, the Company’s fleet consisted of 19 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt), and two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 dwt.

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