$0.10 Earnings Per Share Expected for DHT Holdings Inc (DHT) This Quarter
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.
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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