DHT Holdings Inc (NYSE:DHT) – Equities research analysts at Jefferies Group increased their Q1 2018 earnings estimates for DHT in a research report issued to clients and investors on Tuesday. Jefferies Group analyst R. Giveans now expects that the shipping company will earn ($0.10) per share for the quarter, up from their prior forecast of ($0.11). Jefferies Group has a “Buy” rating and a $6.00 price objective on the stock. Jefferies Group also issued estimates for DHT’s Q2 2018 earnings at ($0.15) EPS, Q3 2018 earnings at ($0.09) EPS and FY2018 earnings at ($0.32) EPS.
DHT has been the topic of several other research reports. Maxim Group set a $7.00 price target on DHT and gave the stock a “buy” rating in a report on Tuesday, November 14th. Stifel Nicolaus set a $5.00 price target on DHT and gave the stock a “hold” rating in a report on Sunday, October 29th. Zacks Investment Research upgraded DHT from a “sell” rating to a “hold” rating in a report on Thursday, November 16th. Pareto Securities upgraded DHT from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. Finally, TheStreet upgraded DHT from a “d+” rating to a “c-” rating in a report on Monday, November 13th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. DHT has an average rating of “Hold” and a consensus price target of $6.00.
DHT (NYSE:DHT) last issued its quarterly earnings results on Tuesday, February 6th. The shipping company reported ($0.05) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.05). DHT had a return on equity of 1.64% and a net margin of 1.86%. The company had revenue of $56.60 million for the quarter, compared to the consensus estimate of $55.82 million. During the same quarter in the prior year, the business earned $0.18 EPS. DHT’s revenue was down 15.5% on a year-over-year basis.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership purchased a new position in shares of DHT in the 4th quarter valued at about $143,000. Voya Investment Management LLC increased its holdings in shares of DHT by 16.8% in the 2nd quarter. Voya Investment Management LLC now owns 46,770 shares of the shipping company’s stock valued at $194,000 after acquiring an additional 6,737 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its holdings in shares of DHT by 11.7% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 70,615 shares of the shipping company’s stock valued at $293,000 after acquiring an additional 7,388 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of DHT by 438.1% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 77,744 shares of the shipping company’s stock valued at $309,000 after acquiring an additional 63,295 shares during the last quarter. Finally, B. Riley Financial Inc. purchased a new position in shares of DHT in the 3rd quarter valued at about $490,000. Institutional investors and hedge funds own 35.51% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Tuesday, February 20th will be issued a $0.02 dividend. The ex-dividend date is Friday, February 16th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.22%. DHT’s payout ratio is currently 100.00%.
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DHT Holdings, Inc is an independent crude oil tanker company. The Company’s fleet trades internationally and consists of crude oil tankers in the very large crude carriers (VLCCs) and Aframax segments. As of December 1, 2017, the Company’s fleet consisted of 27 crude oil tankers in operation; 25 VLCCs, which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt), and two Aframax tankers, which are tankers ranging in size from 80,000 to 120,000 dwt.
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