DHT Holdings, Inc. (NYSE:DHT) announced its quarterly earnings data on Tuesday. The shipping company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02, Morningstar.com reports. The business had revenue of $59.63 million during the quarter, compared to analyst estimates of $58.47 million. DHT Holdings had a positive return on equity of 10.84% and a negative net margin of 2.47%.
Shares of DHT Holdings (NYSE DHT) traded down 5.54% during trading on Wednesday, reaching $3.75. The company’s stock had a trading volume of 1,487,706 shares. The firm’s 50-day moving average is $4.14 and its 200-day moving average is $4.47. DHT Holdings has a 12-month low of $3.29 and a 12-month high of $5.47. The stock’s market capitalization is $354.83 million.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 24th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Tuesday, August 22nd. DHT Holdings’s dividend payout ratio (DPR) is -228.57%.
DHT has been the subject of several recent research reports. Maxim Group raised their price objective on DHT Holdings from $6.50 to $7.00 and gave the company a “buy” rating in a research report on Friday, April 21st. Zacks Investment Research raised DHT Holdings from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a research report on Wednesday, April 19th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $6.00 price target on shares of DHT Holdings in a research report on Monday, April 24th. TheStreet lowered DHT Holdings from a “c” rating to a “d+” rating in a research report on Monday, May 8th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $5.25 price target on shares of DHT Holdings in a research report on Friday, July 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $5.75.
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.
Receive News & Ratings for DHT Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DHT Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.