Analysts Expect DHT Holdings Inc (DHT) Will Post Earnings of -$0.08 Per Share

Brokerages expect DHT Holdings Inc (NYSE:DHT) to announce earnings per share (EPS) of ($0.08) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for DHT’s earnings. The lowest EPS estimate is ($0.13) and the highest is ($0.01). DHT posted earnings of $0.23 per share in the same quarter last year, which suggests a negative year over year growth rate of 134.8%. The business is expected to issue its next quarterly earnings report on Monday, May 14th.

According to Zacks, analysts expect that DHT will report full-year earnings of ($0.18) per share for the current year, with EPS estimates ranging from ($0.45) to $0.04. For the next fiscal year, analysts forecast that the firm will post earnings of $0.25 per share, with EPS estimates ranging from ($0.53) to $0.72. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover DHT.

DHT (NYSE:DHT) last issued its earnings results on Tuesday, February 6th. The shipping company reported ($0.05) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.05). The business had revenue of $56.60 million for the quarter, compared to analyst estimates of $55.82 million. DHT had a net margin of 1.86% and a return on equity of 1.61%. The company’s quarterly revenue was down 15.5% compared to the same quarter last year. During the same period last year, the company posted $0.18 earnings per share.

DHT has been the topic of a number of research reports. Zacks Investment Research lowered shares of DHT from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. ValuEngine lowered shares of DHT from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Jefferies Group initiated coverage on shares of DHT in a research report on Monday, December 18th. They set a “buy” rating and a $6.00 target price on the stock. Maxim Group set a $7.00 target price on shares of DHT and gave the stock a “buy” rating in a research report on Monday, November 27th. Finally, TheStreet raised shares of DHT from a “d+” rating to a “c-” rating in a research report on Monday, November 13th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $5.75.

DHT (NYSE DHT) opened at $3.74 on Wednesday. The company has a market cap of $532.38, a P/E ratio of 46.75 and a beta of 0.78. DHT has a 1 year low of $3.27 and a 1 year high of $5.20. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.65 and a current ratio of 2.01.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Tuesday, February 20th will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Friday, February 16th. DHT’s payout ratio is 100.00%.

A number of hedge funds have recently modified their holdings of the stock. Millennium Management LLC purchased a new position in DHT during the fourth quarter valued at approximately $232,000. Renaissance Technologies LLC increased its holdings in DHT by 37.2% during the fourth quarter. Renaissance Technologies LLC now owns 1,958,700 shares of the shipping company’s stock valued at $7,032,000 after buying an additional 531,400 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in DHT during the fourth quarter valued at approximately $143,000. BlackRock Inc. increased its holdings in DHT by 4.5% during the fourth quarter. BlackRock Inc. now owns 4,045,157 shares of the shipping company’s stock valued at $14,522,000 after buying an additional 174,219 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in DHT by 43.8% during the fourth quarter. Wells Fargo & Company MN now owns 190,775 shares of the shipping company’s stock valued at $685,000 after buying an additional 58,141 shares during the period. 36.39% of the stock is currently owned by institutional investors.

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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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Earnings History and Estimates for DHT (NYSE:DHT)

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