DHT Holdings, Inc. (NYSE:DHT) – Stock analysts at Jefferies Group raised their FY2017 earnings estimates for shares of DHT in a research note issued to investors on Tuesday, Zacks Investment Research reports. Jefferies Group analyst D. Mavrinac now expects that the shipping company will earn $0.20 per share for the year, up from their prior forecast of $0.10. Jefferies Group currently has a “Buy” rating on the stock.
DHT (NYSE:DHT) last released its earnings results on Monday, November 13th. The shipping company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.04. DHT had a net margin of 9.68% and a return on equity of 4.84%. The business had revenue of $54.80 million for the quarter, compared to analyst estimates of $50.43 million. During the same quarter in the previous year, the business earned ($0.81) earnings per share. DHT’s revenue for the quarter was up 8.9% on a year-over-year basis.
A number of other brokerages also recently issued reports on DHT. ValuEngine downgraded shares of DHT from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Maxim Group set a $7.00 target price on shares of DHT and gave the company a “buy” rating in a research note on Wednesday, August 9th. BidaskClub cut shares of DHT from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. Zacks Investment Research lowered shares of DHT from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Finally, TheStreet raised shares of DHT from a “d+” rating to a “c-” rating in a report on Monday, November 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. DHT presently has an average rating of “Hold” and a consensus price target of $6.00.
DHT (DHT) traded down $0.10 during trading hours on Friday, hitting $3.69. 471,143 shares of the stock traded hands, compared to its average volume of 1,068,355. DHT has a one year low of $3.51 and a one year high of $5.20. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $525.26, a P/E ratio of 9.24, a PEG ratio of 3.55 and a beta of 0.92.
Institutional investors and hedge funds have recently made changes to their positions in the business. Legal & General Group Plc boosted its position in DHT by 1.1% during the 1st quarter. Legal & General Group Plc now owns 24,683 shares of the shipping company’s stock valued at $110,000 after buying an additional 260 shares during the period. Bank of America Corp DE lifted its position in shares of DHT by 87.1% in the 1st quarter. Bank of America Corp DE now owns 26,646 shares of the shipping company’s stock worth $119,000 after purchasing an additional 12,407 shares during the period. Wellington Management Group LLP purchased a new stake in shares of DHT in the 1st quarter worth about $146,000. Voya Investment Management LLC lifted its position 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 worth $194,000 after purchasing an additional 6,737 shares during the period. Finally, KCG Holdings Inc. lifted its position in shares of DHT by 270.0% in the 1st quarter. KCG Holdings Inc. now owns 47,542 shares of the shipping company’s stock worth $213,000 after purchasing an additional 34,692 shares during the period. 35.73% of the stock is owned by institutional investors and hedge funds.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Tuesday, November 28th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Monday, November 27th. This represents a $0.08 annualized dividend and a yield of 2.17%. DHT’s payout ratio is currently 25.00%.
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DHT 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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