Zacks: Analysts Expect DHT Holdings, Inc. (NYSE:DHT) to Announce -$0.12 Earnings Per Share

Brokerages expect that DHT Holdings, Inc. (NYSE:DHT) will report earnings of ($0.12) per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for DHT’s earnings, with estimates ranging from ($0.14) to ($0.10). DHT posted earnings of $0.33 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 136.4%. The firm is scheduled to issue its next quarterly earnings results on Monday, November 8th.

On average, analysts expect that DHT will report full year earnings of ($0.11) per share for the current year, with EPS estimates ranging from ($0.20) to ($0.04). For the next year, analysts anticipate that the company will post earnings of $0.59 per share, with EPS estimates ranging from $0.38 to $0.70. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow DHT.

DHT (NYSE:DHT) last announced its quarterly earnings results on Monday, August 9th. The shipping company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.02. DHT had a return on equity of 5.27% and a net margin of 18.31%. The company had revenue of $45.25 million during the quarter, compared to analyst estimates of $47.14 million.

DHT has been the subject of a number of research reports. HC Wainwright raised DHT from a “neutral” rating to a “buy” rating and increased their price target for the company from $7.50 to $8.00 in a research note on Wednesday, August 11th. Zacks Investment Research raised DHT from a “sell” rating to a “hold” rating in a research note on Wednesday, July 7th. Kepler Capital Markets reissued a “buy” rating and set a $8.50 price target on shares of DHT in a research note on Sunday, August 15th. Finally, Stifel Nicolaus raised DHT from a “hold” rating to a “buy” rating and raised their price objective for the company from $6.00 to $7.00 in a research note on Tuesday, August 10th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $9.20.

Hedge funds and other institutional investors have recently modified their holdings of the company. Deprince Race & Zollo Inc. raised its holdings in shares of DHT by 7.8% in the second quarter. Deprince Race & Zollo Inc. now owns 2,375,783 shares of the shipping company’s stock worth $15,419,000 after buying an additional 171,838 shares during the period. Allianz Asset Management GmbH purchased a new stake in shares of DHT in the first quarter worth approximately $13,978,000. State Board of Administration of Florida Retirement System raised its holdings in shares of DHT by 419.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 132,048 shares of the shipping company’s stock worth $857,000 after buying an additional 106,636 shares during the period. Impala Asset Management LLC purchased a new stake in shares of DHT in the second quarter worth approximately $11,978,000. Finally, Capital Fund Management S.A. raised its holdings in shares of DHT by 30.7% in the second quarter. Capital Fund Management S.A. now owns 83,710 shares of the shipping company’s stock worth $543,000 after buying an additional 19,663 shares during the period. Hedge funds and other institutional investors own 55.79% of the company’s stock.

DHT stock remained flat at $$6.45 during midday trading on Wednesday. The company had a trading volume of 1,659,401 shares, compared to its average volume of 2,451,535. The business’s 50 day moving average price is $5.85 and its two-hundred day moving average price is $6.01. DHT has a 52 week low of $4.52 and a 52 week high of $6.84. The company has a market cap of $1.10 billion, a PE ratio of 15.36 and a beta of -0.24. The company has a current ratio of 2.87, a quick ratio of 2.37 and a debt-to-equity ratio of 0.51.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 26th. Stockholders of record on Thursday, August 19th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Wednesday, August 18th. DHT’s payout ratio is 4.60%.

DHT Company Profile

DHT Holdings, Inc engages in the operation of a fleet of crude oil tankers. It operates through its integrated management companies in Monaco, Singapore, and Oslo, Norway. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.

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