DHT Holdings, Inc. (DHT) Releases Earnings Results, Beats Estimates By $0.02 EPS
DHT Holdings, Inc. (NYSE:DHT) posted its quarterly earnings data on Tuesday. The shipping company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02, Morningstar.com reports. DHT Holdings had a positive return on equity of 10.84% and a negative net margin of 2.47%. The firm had revenue of $59.63 million during the quarter, compared to analysts’ expectations of $58.47 million.
Shares of DHT Holdings (NYSE DHT) traded down 5.54% during midday trading on Wednesday, reaching $3.75. The company had a trading volume of 1,487,706 shares. DHT Holdings has a 52 week low of $3.29 and a 52 week high of $5.47. The firm’s market capitalization is $354.83 million. The stock has a 50-day moving average of $4.14 and a 200 day moving average of $4.47.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 24th will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 2.13%. The ex-dividend date is Tuesday, August 22nd. DHT Holdings’s dividend payout ratio is presently -228.57%.
DHT has been the subject of a number of research reports. Zacks Investment Research upgraded DHT Holdings from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a report on Wednesday, April 19th. Maxim Group upped their price objective on DHT Holdings from $6.50 to $7.00 and gave the stock a “buy” rating in a report on Friday, April 21st. Jefferies Group LLC reiterated a “buy” rating and issued a $6.00 price objective on shares of DHT Holdings in a report on Monday, April 24th. TheStreet cut DHT Holdings from a “c” rating to a “d+” rating in a report on Monday, May 8th. Finally, ValuEngine cut DHT Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $5.75.
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.
Receive News & Ratings for DHT Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DHT Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.