Wall Street brokerages expect that DHT Holdings Inc (NYSE:DHT) will post sales of $79.15 million for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for DHT’s earnings. The highest sales estimate is $86.35 million and the lowest is $75.66 million. DHT posted sales of $56.63 million during the same quarter last year, which would indicate a positive year over year growth rate of 39.8%. The business is expected to issue its next quarterly earnings report on Tuesday, February 5th.
On average, analysts expect that DHT will report full year sales of $206.11 million for the current fiscal year, with estimates ranging from $198.00 million to $215.16 million. For the next financial year, analysts expect that the firm will report sales of $274.09 million, with estimates ranging from $223.81 million to $308.60 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for DHT.
DHT (NYSE:DHT) last posted its earnings results on Thursday, November 1st. The shipping company reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.01). The company had revenue of $48.20 million during the quarter, compared to analysts’ expectations of $50.07 million. DHT had a negative return on equity of 6.95% and a negative net margin of 23.10%. The company’s revenue for the quarter was down 12.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.04) earnings per share.
Several research analysts recently issued reports on the stock. Wells Fargo & Co increased their price target on shares of DHT from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, November 5th. ValuEngine lowered shares of DHT from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. TheStreet upgraded shares of DHT from a “d+” rating to a “c” rating in a research note on Thursday, November 1st. Zacks Investment Research upgraded shares of DHT from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research note on Wednesday, November 7th. Finally, Pareto Securities upgraded shares of DHT from a “hold” rating to a “buy” rating in a research note on Thursday, October 25th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $6.08.
A number of large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in DHT by 8.8% during the third quarter. Dimensional Fund Advisors LP now owns 8,498,319 shares of the shipping company’s stock valued at $39,942,000 after purchasing an additional 689,652 shares in the last quarter. BlackRock Inc. increased its position in DHT by 0.8% in the third quarter. BlackRock Inc. now owns 4,635,606 shares of the shipping company’s stock worth $21,788,000 after purchasing an additional 37,505 shares during the last quarter. Lansdowne Partners UK LLP increased its position in DHT by 41.2% in the third quarter. Lansdowne Partners UK LLP now owns 3,644,426 shares of the shipping company’s stock worth $17,129,000 after purchasing an additional 1,062,685 shares during the last quarter. Renaissance Technologies LLC increased its position in DHT by 18.8% in the third quarter. Renaissance Technologies LLC now owns 3,605,900 shares of the shipping company’s stock worth $16,948,000 after purchasing an additional 571,500 shares during the last quarter. Finally, Northern Trust Corp increased its position in DHT by 4.1% in the second quarter. Northern Trust Corp now owns 2,783,759 shares of the shipping company’s stock worth $13,056,000 after purchasing an additional 110,645 shares during the last quarter. 40.96% of the stock is currently owned by institutional investors and hedge funds.
Shares of DHT stock opened at $4.36 on Thursday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.78 and a quick ratio of 1.47. The stock has a market capitalization of $625.98 million, a P/E ratio of 33.54 and a beta of 0.19. DHT has a 1 year low of $3.27 and a 1 year high of $5.60.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 23rd. Investors of record on Friday, November 16th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date was Thursday, November 15th. DHT’s payout ratio is 61.54%.
DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Oslo, Norway and Singapore. As of February 6, 2018, it had a fleet of 27 very large crude carriers and 2 Aframaxes with deadweight tons of 8,590,740. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.
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