DHT Holdings Inc (DHT) to Post FY2017 Earnings of $0.13 Per Share, Seaport Global Securities Forecasts
DHT Holdings Inc (NYSE:DHT) – Equities researchers at Seaport Global Securities decreased their FY2017 earnings per share (EPS) estimates for shares of DHT in a research note issued to investors on Thursday. Seaport Global Securities analyst M. Fyhr now anticipates that the shipping company will earn $0.13 per share for the year, down from their prior forecast of $0.19. Seaport Global Securities also issued estimates for DHT’s Q4 2018 earnings at $0.10 EPS, Q1 2019 earnings at $0.09 EPS, Q2 2019 earnings at $0.10 EPS, Q3 2019 earnings at $0.11 EPS, Q4 2019 earnings at $0.12 EPS and FY2019 earnings at $0.41 EPS.
DHT (NYSE:DHT) last announced its quarterly earnings data on Monday, November 13th. The shipping company reported ($0.04) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.04. The firm had revenue of $54.80 million for the quarter, compared to analyst estimates of $50.43 million. DHT had a return on equity of 4.84% and a net margin of 9.68%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the company earned ($0.81) EPS.
DHT has been the topic of a number of other reports. Jefferies Group reiterated a “buy” rating on shares of DHT in a research report on Thursday, October 19th. ValuEngine upgraded DHT from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Maxim Group set a $7.00 price objective on DHT and gave the company a “buy” rating in a research report on Tuesday, November 14th. Stifel Nicolaus set a $5.00 price objective on DHT and gave the company a “hold” rating in a research report on Sunday, October 29th. Finally, Zacks Investment Research lowered DHT from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. DHT presently has an average rating of “Hold” and an average price target of $6.00.
DHT (DHT) opened at $3.84 on Monday. The company has a market capitalization of $546.61, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 2.81 and a beta of 0.93. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.65 and a quick ratio of 1.65. DHT has a 12-month low of $3.52 and a 12-month high of $5.20.
Several hedge funds have recently bought and sold shares of DHT. Amerigo Asset Management acquired a new position in shares of DHT in the 3rd quarter valued at $3,345,000. Numeric Investors LLC acquired a new position in shares of DHT in the 2nd quarter valued at $1,874,000. State of Wisconsin Investment Board lifted its stake in shares of DHT by 63.9% in the 3rd quarter. State of Wisconsin Investment Board now owns 901,300 shares of the shipping company’s stock valued at $3,587,000 after purchasing an additional 351,300 shares during the period. State Street Corp lifted its stake in shares of DHT by 15.7% in the 2nd quarter. State Street Corp now owns 2,388,793 shares of the shipping company’s stock valued at $9,911,000 after purchasing an additional 323,923 shares during the period. Finally, Williams Jones & Associates LLC lifted its stake in shares of DHT by 81.9% in the 2nd quarter. Williams Jones & Associates LLC now owns 379,773 shares of the shipping company’s stock valued at $1,576,000 after purchasing an additional 171,030 shares during the period. 35.70% of the stock is currently owned by institutional investors.
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DHT Company Profile
DHT Holdings, Inc is an independent crude oil tanker company. The Company’s fleet trades internationally and consists of crude oil tankers in the very large crude carriers (VLCC) and Aframax segments. As of December 1, 2017, the Company’s fleet consisted of 27 crude oil tankers in operation; 25 VLCCs, which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt), and two Aframax tankers, which are tankers ranging in size from 80,000 to 120,000 dwt.
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