Analysts expect DHT Holdings Inc (NYSE:DHT) to post sales of $60.86 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for DHT’s earnings, with estimates ranging from $52.34 million to $67.10 million. DHT posted sales of $34.44 million in the same quarter last year, which suggests a positive year over year growth rate of 76.7%. The business is expected to issue its next earnings results on Tuesday, August 6th.
On average, analysts expect that DHT will report full-year sales of $280.25 million for the current year, with estimates ranging from $237.73 million to $296.00 million. For the next fiscal year, analysts forecast that the company will report sales of $365.62 million, with estimates ranging from $299.97 million to $418.00 million. Zacks’ sales averages are a mean average based on a survey of research analysts that that provide coverage for DHT.
DHT (NYSE:DHT) last issued its earnings results on Wednesday, May 8th. The shipping company reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.04. The business had revenue of $85.80 million during the quarter, compared to analysts’ expectations of $77.18 million. DHT had a negative net margin of 5.17% and a negative return on equity of 1.09%. The company’s quarterly revenue was up 85.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.06) earnings per share.
DHT stock traded down $0.34 during midday trading on Friday, hitting $5.24. 1,576,106 shares of the stock were exchanged, compared to its average volume of 1,063,536. DHT has a fifty-two week low of $3.60 and a fifty-two week high of $6.15. The stock has a market cap of $780.16 million, a P/E ratio of -20.96, a PEG ratio of 8.04 and a beta of 0.54. The company has a current ratio of 1.47, a quick ratio of 1.21 and a debt-to-equity ratio of 0.95.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Tuesday, May 21st were given a dividend of $0.08 per share. This is a boost from DHT’s previous quarterly dividend of $0.05. This represents a $0.32 annualized dividend and a yield of 6.11%. The ex-dividend date was Monday, May 20th. DHT’s dividend payout ratio (DPR) is presently -128.00%.
A number of institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in DHT by 8.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,205,894 shares of the shipping company’s stock worth $36,087,000 after buying an additional 707,575 shares during the period. Deprince Race & Zollo Inc. purchased a new position in DHT during the first quarter worth about $2,674,000. Odey Asset Management Group Ltd boosted its stake in DHT by 104.6% during the fourth quarter. Odey Asset Management Group Ltd now owns 152,578 shares of the shipping company’s stock worth $598,000 after buying an additional 78,000 shares during the period. JPMorgan Chase & Co. boosted its stake in DHT by 24.3% during the third quarter. JPMorgan Chase & Co. now owns 321,063 shares of the shipping company’s stock worth $1,509,000 after buying an additional 62,672 shares during the period. Finally, Teachers Advisors LLC boosted its stake in DHT by 10.1% during the third quarter. Teachers Advisors LLC now owns 180,407 shares of the shipping company’s stock worth $848,000 after buying an additional 16,527 shares during the period. Hedge funds and other institutional investors own 36.42% of the company’s stock.
DHT Company Profile
DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Oslo, Norway and Singapore. As of March 18, 2019, it had a fleet of 27 very large crude carriers with a capacity of 8,360,850 deadweight tons. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.
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