DHT Holdings Inc (DHT) to Post Q3 2018 Earnings of ($0.05) Per Share, Jefferies Financial Group Forecasts

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DHT Holdings Inc (NYSE:DHT) – Jefferies Financial Group raised their Q3 2018 earnings estimates for shares of DHT in a research report issued to clients and investors on Monday, October 29th. Jefferies Financial Group analyst R. Giveans now expects that the shipping company will post earnings of ($0.05) per share for the quarter, up from their previous forecast of ($0.07). Jefferies Financial Group also issued estimates for DHT’s Q4 2018 earnings at $0.09 EPS, FY2018 earnings at ($0.19) EPS and FY2019 earnings at $0.17 EPS.

DHT (NYSE:DHT) last posted its quarterly earnings data on Tuesday, August 7th. The shipping company reported ($0.17) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.17). The business had revenue of $34.44 million for the quarter, compared to analysts’ expectations of $36.20 million. DHT had a negative return on equity of 5.01% and a negative net margin of 15.45%.

A number of other analysts have also recently commented on DHT. Zacks Investment Research cut DHT from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. Morgan Stanley boosted their price target on DHT from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Wednesday, July 18th. Maxim Group reissued a “buy” rating and issued a $6.00 price target on shares of DHT in a research report on Thursday, August 9th. Wells Fargo & Co dropped their price target on DHT from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Tuesday, August 14th. Finally, Pareto Securities cut DHT from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. DHT presently has a consensus rating of “Buy” and a consensus target price of $5.88.

DHT stock opened at $5.03 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 1.33 and a debt-to-equity ratio of 0.91. The company has a market cap of $719.30 million, a price-to-earnings ratio of 38.69 and a beta of 0.51. DHT has a fifty-two week low of $3.27 and a fifty-two week high of $5.20.

Institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in DHT by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,808,667 shares of the shipping company’s stock worth $36,623,000 after acquiring an additional 76,005 shares during the last quarter. BlackRock Inc. raised its holdings in DHT by 14.0% in the 2nd quarter. BlackRock Inc. now owns 4,598,101 shares of the shipping company’s stock worth $21,565,000 after acquiring an additional 565,749 shares during the last quarter. Renaissance Technologies LLC raised its holdings in DHT by 16.1% in the 2nd quarter. Renaissance Technologies LLC now owns 3,034,400 shares of the shipping company’s stock worth $14,231,000 after acquiring an additional 420,500 shares during the last quarter. Northern Trust Corp raised its holdings in DHT by 4.1% in the 2nd quarter. Northern Trust Corp now owns 2,783,759 shares of the shipping company’s stock worth $13,056,000 after acquiring an additional 110,645 shares during the last quarter. Finally, Lansdowne Partners UK LLP raised its holdings in DHT by 185.4% in the 2nd quarter. Lansdowne Partners UK LLP now owns 2,581,741 shares of the shipping company’s stock worth $12,109,000 after acquiring an additional 1,677,197 shares during the last quarter. 40.01% of the stock is currently owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for DHT (NYSE:DHT)

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