DHT (NYSE:DHT) will be releasing its earnings data after the market closes on Tuesday, August 6th. Analysts expect DHT to post earnings of ($0.03) per share for the quarter.
DHT (NYSE:DHT) last released its earnings results on Wednesday, May 8th. The shipping company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.04. The firm had revenue of $85.80 million for the quarter, compared to analysts’ expectations of $77.18 million. DHT had a negative return on equity of 1.09% and a negative net margin of 5.17%. The business’s quarterly revenue was up 85.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.06) EPS. On average, analysts expect DHT to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NYSE DHT traded up $0.07 during trading on Thursday, hitting $5.72. The stock had a trading volume of 9,821 shares, compared to its average volume of 911,293. The firm has a market cap of $809.35 million, a P/E ratio of -22.72, a PEG ratio of 5.83 and a beta of 0.57. The company has a 50-day moving average price of $5.79. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.47 and a quick ratio of 1.21. DHT has a 12 month low of $3.60 and a 12 month high of $6.24.
Several research firms have commented on DHT. Zacks Investment Research cut DHT from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Evercore ISI cut DHT from an “outperform” rating to an “in-line” rating and set a $5.17 price objective on the stock. in a research note on Wednesday, April 24th. Finally, ValuEngine cut DHT from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $6.28.
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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