DHT Holdings, Inc. (DHT) Expected to Post Quarterly Sales of $51.72 Million
Wall Street analysts expect DHT Holdings, Inc. (NYSE:DHT) to report $51.72 million in sales for the current quarter, according to Zacks. Four analysts have made estimates for DHT Holdings’ earnings, with the lowest sales estimate coming in at $49.20 million and the highest estimate coming in at $57.40 million. DHT Holdings posted sales of $50.29 million in the same quarter last year, which would indicate a positive year over year growth rate of 2.8%. The business is expected to announce its next earnings report on Tuesday, November 7th.
According to Zacks, analysts expect that DHT Holdings will report full year sales of $51.72 million for the current fiscal year, with estimates ranging from $243.40 million to $263.79 million. For the next year, analysts anticipate that the firm will report sales of $313.25 million per share, with estimates ranging from $287.64 million to $328.62 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for DHT Holdings.
DHT Holdings (NYSE:DHT) last issued its earnings results on Tuesday, August 8th. The shipping company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.02. DHT Holdings had a negative net margin of 12.48% and a positive return on equity of 6.07%. The business had revenue of $59.63 million for the quarter, compared to the consensus estimate of $58.47 million.
DHT has been the subject of a number of analyst reports. BidaskClub cut shares of DHT Holdings from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. ValuEngine upgraded shares of DHT Holdings from a “hold” rating to a “buy” rating in a research note on Monday. Zacks Investment Research cut shares of DHT Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Stifel Nicolaus restated a “hold” rating and issued a $5.25 price objective on shares of DHT Holdings in a research note on Friday, July 7th. Finally, Maxim Group set a $7.00 price objective on shares of DHT Holdings and gave the stock a “buy” rating in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. DHT Holdings has an average rating of “Hold” and a consensus target price of $6.00.
Institutional investors have recently modified their holdings of the company. Legal & General Group Plc lifted its stake in shares of DHT Holdings by 1.1% in the first quarter. Legal & General Group Plc now owns 24,683 shares of the shipping company’s stock worth $110,000 after buying an additional 260 shares during the last quarter. FNY Partners Fund LP acquired a new stake in shares of DHT Holdings in the first quarter worth $111,000. Bank of America Corp DE lifted its stake in shares of DHT Holdings by 87.1% in the first quarter. Bank of America Corp DE now owns 26,646 shares of the shipping company’s stock worth $119,000 after buying an additional 12,407 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of DHT Holdings in the first quarter worth $146,000. Finally, SG Americas Securities LLC lifted its stake in shares of DHT Holdings by 4.0% in the first quarter. SG Americas Securities LLC now owns 35,667 shares of the shipping company’s stock worth $159,000 after buying an additional 1,360 shares during the last quarter. Institutional investors and hedge funds own 33.87% of the company’s stock.
DHT Holdings (NYSE:DHT) traded down 1.99% during midday trading on Tuesday, reaching $3.94. 344,931 shares of the company were exchanged. The firm’s market cap is $560.85 million. DHT Holdings has a one year low of $3.29 and a one year high of $5.20. The firm’s 50-day moving average is $3.91 and its 200-day moving average is $4.21.
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DHT Holdings Company Profile
DHT Holdings, Inc operates a fleet of crude oil tankers. As of March 21, 2017, the Company’s fleet consisted of 21 crude oil tankers in operation. As of March 21, 2017, the Company’s fleet consisted of 19 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt), and two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 dwt.
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