Brokerages expect that DHT Holdings Inc (NYSE:DHT) will announce $41.78 million in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for DHT’s earnings. The highest sales estimate is $43.60 million and the lowest is $38.98 million. DHT posted sales of $70.71 million in the same quarter last year, which would indicate a negative year over year growth rate of 40.9%. The firm is scheduled to report its next earnings report on Monday, May 14th.
According to Zacks, analysts expect that DHT will report full year sales of $41.78 million for the current financial year, with estimates ranging from $187.45 million to $306.00 million. For the next fiscal year, analysts anticipate that the firm will post sales of $300.67 million per share, with estimates ranging from $199.14 million to $357.67 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for DHT.
DHT (NYSE:DHT) last released its quarterly earnings results on Tuesday, February 6th. The shipping company reported ($0.05) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.05). DHT had a net margin of 1.86% and a return on equity of 1.61%. The business had revenue of $56.60 million for the quarter, compared to analysts’ expectations of $55.82 million. During the same period last year, the business earned $0.18 EPS. The company’s revenue was down 15.5% compared to the same quarter last year.
A number of analysts have recently weighed in on DHT shares. Zacks Investment Research cut shares of DHT from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. ValuEngine cut shares of DHT from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Jefferies Group started coverage on shares of DHT in a report on Monday, December 18th. They issued a “buy” rating and a $6.00 price target on the stock. Maxim Group set a $7.00 price target on shares of DHT and gave the company a “buy” rating in a report on Monday, November 27th. Finally, Morgan Stanley upgraded shares of DHT from an “equal weight” rating to an “overweight” rating and set a $5.00 price target on the stock in a report on Monday, February 12th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $5.75.
Shares of DHT (DHT) opened at $3.70 on Friday. DHT has a 1-year low of $3.27 and a 1-year high of $5.20. The firm has a market cap of $526.69, a PE ratio of 46.25 and a beta of 0.78. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.01 and a quick ratio of 1.65.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Tuesday, February 20th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Friday, February 16th. DHT’s dividend payout ratio (DPR) is presently 100.00%.
A number of hedge funds have recently added to or reduced their stakes in the stock. Voya Investment Management LLC boosted its stake in 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 in the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in DHT by 11.7% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 70,615 shares of the shipping company’s stock worth $293,000 after purchasing an additional 7,388 shares in the last quarter. California Public Employees Retirement System boosted its stake in DHT by 2.2% in the 2nd quarter. California Public Employees Retirement System now owns 691,858 shares of the shipping company’s stock worth $2,871,000 after purchasing an additional 15,000 shares in the last quarter. Prudential Financial Inc. boosted its stake in DHT by 1.7% in the 3rd quarter. Prudential Financial Inc. now owns 980,540 shares of the shipping company’s stock worth $3,903,000 after purchasing an additional 15,950 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in DHT in the 4th quarter worth approximately $143,000. Institutional investors own 36.39% of the company’s stock.
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DHT Company Profile
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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