Brokers Set Expectations for DHT Holdings, Inc.’s FY2017 Earnings (NYSE:DHT)
DHT Holdings, Inc. (NYSE:DHT) – Seaport Global Securities reduced their FY2017 earnings estimates for shares of DHT Holdings in a note issued to investors on Wednesday. Seaport Global Securities analyst M. Fyhr now forecasts that the shipping company will earn $0.19 per share for the year, down from their prior forecast of $0.23. Seaport Global Securities also issued estimates for DHT Holdings’ Q2 2018 earnings at $0.11 EPS.
DHT Holdings (NYSE:DHT) last posted its quarterly earnings data on Tuesday, August 8th. The shipping company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. DHT Holdings had a negative net margin of 12.48% and a positive return on equity of 6.65%. The company had revenue of $59.63 million during the quarter, compared to the consensus estimate of $58.47 million.
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Several other equities analysts have also recently weighed in on the stock. Stifel Nicolaus set a $5.00 target price on shares of DHT Holdings and gave the company a “hold” rating in a research note on Wednesday. Maxim Group set a $7.00 target price on shares of DHT Holdings and gave the company a “buy” rating in a research note on Wednesday. BidaskClub cut shares of DHT Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised shares of DHT Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Finally, ValuEngine cut shares of DHT Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. DHT Holdings has an average rating of “Hold” and a consensus target price of $5.70.
DHT Holdings (NYSE DHT) traded up 0.25% during mid-day trading on Friday, hitting $3.98. 210,070 shares of the stock were exchanged. DHT Holdings has a 52 week low of $3.29 and a 52 week high of $5.47. The stock’s market capitalization is $471.95 million. The company has a 50-day moving average of $4.15 and a 200-day moving average of $4.46.
Several institutional investors have recently modified their holdings of DHT. Engineers Gate Manager LP boosted its position in shares of DHT Holdings by 195.4% in the second quarter. Engineers Gate Manager LP now owns 97,538 shares of the shipping company’s stock worth $405,000 after buying an additional 64,522 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in shares of DHT Holdings during the second quarter worth approximately $1,996,000. SG Americas Securities LLC boosted its position in shares of DHT Holdings by 109.7% in the second quarter. SG Americas Securities LLC now owns 74,792 shares of the shipping company’s stock worth $310,000 after buying an additional 39,125 shares during the last quarter. State of Wisconsin Investment Board acquired a new position in shares of DHT Holdings during the second quarter worth approximately $2,283,000. Finally, Hollencrest Securities LLC acquired a new position in shares of DHT Holdings during the second quarter worth approximately $187,000. 53.11% of the stock is owned by institutional investors and hedge funds.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 24th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.02%. DHT Holdings’s payout ratio is currently -72.73%.
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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