Wall Street analysts expect DHT Holdings, Inc. (NYSE:DHT) to announce earnings per share (EPS) of $0.02 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for DHT Holdings’ earnings, with the lowest EPS estimate coming in at ($0.03) and the highest estimate coming in at $0.05. DHT Holdings reported earnings per share of $0.34 during the same quarter last year, which suggests a negative year-over-year growth rate of 94.1%. The business is expected to issue its next quarterly earnings results on Tuesday, August 8th.
According to Zacks, analysts expect that DHT Holdings will report full-year earnings of $0.17 per share for the current fiscal year, with EPS estimates ranging from $0.05 to $0.29. For the next fiscal year, analysts forecast that the firm will report earnings of $0.34 per share, with EPS estimates ranging from ($0.19) to $0.49. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow DHT Holdings.
DHT has been the subject of several research reports. ValuEngine lowered shares of DHT Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research raised shares of DHT Holdings from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a research report on Wednesday, March 29th. Jefferies Group LLC reissued a “buy” rating and set a $6.00 price objective on shares of DHT Holdings in a research report on Monday, April 24th. Maxim Group increased their price objective on shares of DHT Holdings from $6.50 to $7.00 and gave the company a “buy” rating in a research report on Friday, April 21st. Finally, TheStreet downgraded shares of DHT Holdings from a “c” rating to a “d+” rating in a report on Monday, May 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $5.54.
Shares of DHT Holdings (DHT) traded down 0.95% on Monday, hitting $4.15. 896,826 shares of the stock were exchanged. The company’s market cap is $392.68 million. DHT Holdings has a 12 month low of $3.29 and a 12 month high of $5.47. The company has a 50-day moving average price of $4.14 and a 200 day moving average price of $4.48.
A number of large investors have recently added to or reduced their stakes in the company. Legal & General Group Plc raised its position in shares of DHT Holdings by 1.1% in the first quarter. Legal & General Group Plc now owns 24,683 shares of the shipping company’s stock worth $110,000 after buying an additional 260 shares during the last quarter. FNY Partners Fund LP acquired a new position in shares of DHT Holdings during the first quarter worth about $111,000. Bank of America Corp DE raised its position in shares of DHT Holdings by 87.1% in the first quarter. Bank of America Corp DE now owns 26,646 shares of the shipping company’s stock worth $119,000 after buying an additional 12,407 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of DHT Holdings during the first quarter worth about $146,000. Finally, Engineers Gate Manager LP acquired a new position in shares of DHT Holdings during the first quarter worth about $148,000. Institutional investors own 53.59% of the company’s stock.
About DHT Holdings
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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