Analysts expect that DHT Holdings Inc (NYSE:DHT) will announce earnings of $0.10 per share for the current quarter, according to Zacks. Four analysts have provided estimates for DHT’s earnings. The highest EPS estimate is $0.15 and the lowest is $0.08. DHT posted earnings per share of ($0.05) during the same quarter last year, which would indicate a positive year over year growth rate of 300%. The firm is scheduled to report its next earnings results on Tuesday, February 5th.

According to Zacks, analysts expect that DHT will report full-year earnings of ($0.23) per share for the current financial year, with EPS estimates ranging from ($0.25) to ($0.18). For the next fiscal year, analysts expect that the business will post earnings of $0.18 per share, with EPS estimates ranging from ($0.27) to $0.41. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for DHT.

DHT (NYSE:DHT) last issued its quarterly earnings results on Thursday, November 1st. The shipping company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). DHT had a negative return on equity of 6.95% and a negative net margin of 23.10%. The business had revenue of $48.20 million for the quarter, compared to analysts’ expectations of $50.07 million. During the same period in the prior year, the company earned ($0.04) EPS. The company’s revenue for the quarter was down 12.0% compared to the same quarter last year.

A number of analysts have recently commented on DHT shares. Morgan Stanley upped their price objective on DHT from $5.50 to $6.00 and gave the stock a “buy” rating in a report on Monday, November 5th. Wells Fargo & Co upped their price objective on DHT from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, November 5th. TheStreet upgraded DHT from a “d+” rating to a “c” rating in a report on Thursday, November 1st. Pareto Securities upgraded DHT from a “hold” rating to a “buy” rating in a report on Thursday, October 25th. Finally, ValuEngine upgraded DHT from a “hold” rating to a “buy” rating in a report on Saturday, October 6th. Nine equities research analysts have rated the stock with a buy rating, DHT has an average rating of “Buy” and an average target price of $6.17.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC increased 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 valued at $14,231,000 after purchasing an additional 420,500 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in DHT in the 2nd quarter valued at $105,000. Bienville Capital Management LLC increased its holdings in DHT by 666.4% in the 2nd quarter. Bienville Capital Management LLC now owns 315,314 shares of the shipping company’s stock valued at $1,479,000 after purchasing an additional 274,171 shares in the last quarter. Odey Asset Management Group Ltd acquired a new stake in DHT in the 2nd quarter valued at $350,000. Finally, Northern Trust Corp increased 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 valued at $13,056,000 after purchasing an additional 110,645 shares in the last quarter. Hedge funds and other institutional investors own 40.00% of the company’s stock.

Shares of DHT stock opened at $5.07 on Friday. The firm has a market cap of $752.32 million, a price-to-earnings ratio of 39.00 and a beta of 0.25. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.33 and a current ratio of 1.78. DHT has a fifty-two week low of $3.27 and a fifty-two week high of $5.60.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 23rd. Investors of record on Friday, November 16th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $0.08 annualized dividend and a yield of 1.58%. DHT’s dividend payout ratio is currently 61.54%.

DHT Company Profile

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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