$0.12 EPS Expected for DHT Holdings Inc (DHT) This Quarter

Equities analysts expect DHT Holdings Inc (NYSE:DHT) to post earnings of $0.12 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for DHT’s earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.18. DHT reported earnings of ($0.06) per share during the same quarter last year, which suggests a positive year over year growth rate of 300%. The business is scheduled to report its next earnings results on Monday, May 6th.

On average, analysts expect that DHT will report full year earnings of $0.15 per share for the current financial year, with EPS estimates ranging from ($0.41) to $0.39. For the next fiscal year, analysts forecast that the company will report earnings of $0.86 per share, with EPS estimates ranging from $0.44 to $1.40. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for DHT.

DHT (NYSE:DHT) last announced its quarterly earnings results on Wednesday, February 6th. The shipping company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). DHT had a negative net margin of 14.05% and a negative return on equity of 4.12%. The business had revenue of $85.20 million for the quarter, compared to analysts’ expectations of $84.83 million. During the same quarter in the prior year, the firm earned ($0.05) EPS. The firm’s revenue for the quarter was up 50.5% on a year-over-year basis.

A number of research analysts have weighed in on the company. Zacks Investment Research downgraded DHT from a “buy” rating to a “hold” rating and set a $5.50 target price on the stock. in a report on Tuesday, November 13th. ValuEngine downgraded DHT from a “buy” rating to a “hold” rating in a report on Thursday, December 6th. Wells Fargo & Co upped their target price on DHT from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, November 5th. TheStreet upgraded DHT from a “d+” rating to a “c” rating in a report on Thursday, November 1st. Finally, Morgan Stanley upped their target price on DHT from $5.50 to $6.00 and gave the stock a “buy” rating in a report on Monday, November 5th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $6.08.

Several institutional investors and hedge funds have recently modified their holdings of the company. Teachers Advisors LLC boosted its position in shares of DHT by 10.1% in the 3rd quarter. Teachers Advisors LLC now owns 180,407 shares of the shipping company’s stock worth $848,000 after purchasing an additional 16,527 shares in the last quarter. FMR LLC boosted its position in shares of DHT by 11.2% in the 3rd quarter. FMR LLC now owns 283,815 shares of the shipping company’s stock worth $1,334,000 after purchasing an additional 28,589 shares in the last quarter. BlackRock Inc. boosted its position in shares of DHT by 0.8% in the 3rd 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 in the last quarter. Rhumbline Advisers boosted its position in shares of DHT by 44.6% in the 4th quarter. Rhumbline Advisers now owns 129,718 shares of the shipping company’s stock worth $508,000 after purchasing an additional 40,038 shares in the last quarter. Finally, Raymond James & Associates bought a new stake in shares of DHT in the 4th quarter worth approximately $159,000. 40.48% of the stock is currently owned by hedge funds and other institutional investors.

Shares of DHT stock traded up $0.04 during midday trading on Monday, reaching $3.94. 1,112,400 shares of the stock were exchanged, compared to its average volume of 810,007. DHT has a 1 year low of $3.28 and a 1 year high of $5.60. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.47 and a current ratio of 1.78. The company has a market capitalization of $534.08 million, a price-to-earnings ratio of -15.76 and a beta of 0.48.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 26th. Shareholders of record on Tuesday, February 19th will be issued a dividend of $0.05 per share. This is an increase from DHT’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Friday, February 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.08%. DHT’s dividend payout ratio is -32.00%.

About DHT

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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