Wall Street analysts forecast that DHT Holdings Inc (NYSE:DHT) will post earnings of $0.48 per share for the current quarter, Zacks reports. Two analysts have provided estimates for DHT’s earnings. The highest EPS estimate is $0.62 and the lowest is $0.33. DHT reported earnings of $0.12 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 300%. The company is scheduled to issue its next earnings results on Wednesday, May 13th.
On average, analysts expect that DHT will report full-year earnings of $1.11 per share for the current fiscal year, with EPS estimates ranging from $0.82 to $1.40. For the next financial year, analysts forecast that the business will report earnings of $1.27 per share, with EPS estimates ranging from $0.90 to $1.64. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow DHT.
DHT (NYSE:DHT) last announced its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.15). DHT had a net margin of 13.77% and a return on equity of 9.09%. The company had revenue of $141.70 million for the quarter, compared to analysts’ expectations of $154.31 million. During the same period last year, the business earned $0.08 earnings per share. The company’s quarterly revenue was up 66.3% compared to the same quarter last year.
A number of brokerages have issued reports on DHT. TheStreet raised shares of DHT from a “c” rating to a “b-” rating in a report on Monday. ValuEngine lowered shares of DHT from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 8th. Evercore ISI reaffirmed a “buy” rating on shares of DHT in a report on Sunday, February 9th. Finally, Zacks Investment Research lowered shares of DHT from a “strong-buy” rating to a “hold” rating in a report on Tuesday.
Several hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its holdings in shares of DHT by 27.6% in the fourth quarter. Renaissance Technologies LLC now owns 9,668,071 shares of the shipping company’s stock valued at $80,052,000 after purchasing an additional 2,089,576 shares in the last quarter. BlackRock Inc. grew its holdings in shares of DHT by 3.2% in the second quarter. BlackRock Inc. now owns 4,746,454 shares of the shipping company’s stock valued at $28,051,000 after purchasing an additional 146,983 shares in the last quarter. FMR LLC grew its holdings in shares of DHT by 106.3% in the fourth quarter. FMR LLC now owns 4,361,177 shares of the shipping company’s stock valued at $36,111,000 after purchasing an additional 2,247,001 shares in the last quarter. DNB Asset Management AS grew its holdings in shares of DHT by 63.7% in the fourth quarter. DNB Asset Management AS now owns 2,196,581 shares of the shipping company’s stock valued at $18,188,000 after purchasing an additional 854,781 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of DHT by 2.0% in the fourth quarter. State Street Corp now owns 1,697,715 shares of the shipping company’s stock valued at $14,057,000 after purchasing an additional 32,830 shares in the last quarter. 46.56% of the stock is owned by hedge funds and other institutional investors.
Shares of DHT opened at $5.90 on Tuesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.58 and a quick ratio of 1.36. DHT has a 1 year low of $4.01 and a 1 year high of $8.83. The company has a 50 day simple moving average of $7.06 and a two-hundred day simple moving average of $6.75. The firm has a market cap of $856.63 million, a P/E ratio of 13.11, a price-to-earnings-growth ratio of 1.03 and a beta of 0.64.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th will be issued a $0.32 dividend. The ex-dividend date is Friday, February 14th. This is a positive change from DHT’s previous quarterly dividend of $0.05. This represents a $1.28 dividend on an annualized basis and a dividend yield of 21.69%. DHT’s dividend payout ratio (DPR) is 35.09%.
DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Oslo, Norway and Singapore. As of March 18, 2019, it had a fleet of 27 very large crude carriers with a capacity of 8,360,850 deadweight tons. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.
Featured Story: Profit Margin
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for DHT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DHT and related companies with MarketBeat.com's FREE daily email newsletter.