Analysts expect that DHT Holdings, Inc. (NYSE:DHT) will post ($0.07) earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for DHT Holdings’ earnings, with the highest EPS estimate coming in at ($0.04) and the lowest estimate coming in at ($0.09). DHT Holdings reported earnings per share of $0.01 during the same quarter last year, which would suggest a negative year-over-year growth rate of 800%. The firm is scheduled to report its next quarterly earnings results on Tuesday, November 7th.
On average, analysts expect that DHT Holdings will report full-year earnings of $0.20 per share for the current fiscal year, with EPS estimates ranging from $0.15 to $0.29. For the next financial year, analysts expect that the company will post earnings of $0.37 per share, with EPS estimates ranging from $0.22 to $0.48. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for DHT Holdings.
DHT Holdings (NYSE:DHT) last announced its quarterly earnings data on Tuesday, August 8th. The shipping company reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.02. DHT Holdings had a negative net margin of 12.48% and a positive return on equity of 6.07%. The firm had revenue of $59.63 million during the quarter, compared to analysts’ expectations of $58.47 million.
Several research firms recently weighed in on DHT. ValuEngine downgraded shares of DHT Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $5.25 price objective on shares of DHT Holdings in a report on Friday, July 7th. Zacks Investment Research downgraded shares of DHT Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. BidaskClub downgraded shares of DHT Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, Maxim Group set a $7.00 price objective on shares of DHT Holdings and gave the stock a “buy” rating in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $5.75.
Shares of DHT Holdings (NYSE:DHT) traded up 0.78% during mid-day trading on Tuesday, hitting $3.86. 580,962 shares of the company traded hands. DHT Holdings has a 52-week low of $3.29 and a 52-week high of $5.20. The firm’s market cap is $549.46 million. The firm has a 50-day moving average price of $3.92 and a 200 day moving average price of $4.32.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Thursday, August 24th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date was Tuesday, August 22nd. DHT Holdings’s payout ratio is -18.18%.
Hedge funds and other institutional investors have recently modified their holdings of the business. Legal & General Group Plc lifted its holdings in DHT Holdings by 1.1% in the 1st quarter. Legal & General Group Plc now owns 24,683 shares of the shipping company’s stock valued at $110,000 after acquiring an additional 260 shares during the last quarter. FNY Partners Fund LP acquired a new stake in DHT Holdings in the 1st quarter valued at about $111,000. Bank of America Corp DE lifted its holdings in DHT Holdings by 87.1% in the 1st quarter. Bank of America Corp DE now owns 26,646 shares of the shipping company’s stock valued at $119,000 after acquiring an additional 12,407 shares during the last quarter. Wellington Management Group LLP acquired a new stake in DHT Holdings in the 1st quarter valued at about $146,000. Finally, Engineers Gate Manager LP acquired a new stake in DHT Holdings in the 1st quarter valued at about $148,000. 33.87% of the stock is owned by institutional investors.
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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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