Analysts forecast that DHT Holdings Inc (NYSE:DHT) will post ($0.10) earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for DHT’s earnings, with estimates ranging from ($0.16) to ($0.07). DHT posted earnings per share of ($0.04) during the same quarter last year, which suggests a negative year-over-year growth rate of 150%. The business is expected to report its next earnings results on Monday, November 12th.

On average, analysts expect that DHT will report full year earnings of ($0.36) per share for the current financial year, with EPS estimates ranging from ($0.43) to ($0.31). For the next year, analysts anticipate that the business will post earnings of $0.10 per share, with EPS estimates ranging from ($0.18) to $0.43. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover DHT.

DHT (NYSE:DHT) last announced its earnings results on Tuesday, August 7th. The shipping company reported ($0.17) EPS for the quarter, meeting analysts’ consensus estimates of ($0.17). DHT had a negative return on equity of 5.01% and a negative net margin of 15.45%. The business had revenue of $34.44 million during the quarter, compared to analysts’ expectations of $36.20 million.

Several equities research analysts recently commented on DHT shares. Pareto Securities cut DHT from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. Wells Fargo & Co cut their price target on DHT from $7.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, August 14th. Maxim Group reaffirmed a “buy” rating and issued a $6.00 price target on shares of DHT in a report on Thursday, August 9th. Zacks Investment Research cut DHT from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Finally, Morgan Stanley increased their price target on DHT from $5.00 to $6.00 and gave the company a “buy” rating in a report on Wednesday, July 18th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $5.46.

Shares of DHT stock opened at $4.51 on Thursday. DHT has a 12 month low of $3.27 and a 12 month high of $4.99. The company has a market cap of $657.56 million, a price-to-earnings ratio of 34.69 and a beta of 0.54. The company has a quick ratio of 1.33, a current ratio of 1.64 and a debt-to-equity ratio of 0.91.

The business also recently declared a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Friday, August 24th were issued a $0.02 dividend. The ex-dividend date was Thursday, August 23rd. This represents a $0.08 annualized dividend and a dividend yield of 1.77%. DHT’s dividend payout ratio is presently 61.54%.

A number of hedge funds have recently bought and sold shares of the business. Odey Asset Management Group Ltd acquired a new stake in DHT during the second quarter worth $350,000. Lansdowne Partners UK LLP increased its stake in DHT by 185.4% during the second quarter. Lansdowne Partners UK LLP now owns 2,581,741 shares of the shipping company’s stock worth $12,109,000 after acquiring an additional 1,677,197 shares during the last quarter. Renaissance Technologies LLC increased its stake in DHT by 16.1% during the second quarter. Renaissance Technologies LLC now owns 3,034,400 shares of the shipping company’s stock worth $14,231,000 after acquiring an additional 420,500 shares during the last quarter. FMR LLC acquired a new stake in DHT during the second quarter worth $1,197,000. Finally, Dimensional Fund Advisors LP increased its stake in DHT by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 7,808,667 shares of the shipping company’s stock worth $36,623,000 after acquiring an additional 76,005 shares during the last quarter. 39.93% of the stock is owned by institutional investors.

About DHT

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Oslo, Norway and Singapore. As of February 6, 2018, it had a fleet of 27 very large crude carriers and 2 Aframaxes with deadweight tons of 8,590,740. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.

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Earnings History and Estimates for DHT (NYSE:DHT)

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