Brokerages expect DHT Holdings Inc (NYSE:DHT) to post $0.10 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for DHT’s earnings. The highest EPS estimate is $0.15 and the lowest is $0.08. DHT reported earnings per share of ($0.05) in the same quarter last year, which suggests a positive year-over-year growth rate of 300%. The company is expected to issue its next quarterly earnings results on Tuesday, February 5th.

According to Zacks, analysts expect that DHT will report full-year earnings of ($0.24) per share for the current financial year, with EPS estimates ranging from ($0.25) to ($0.23). For the next fiscal year, analysts expect that the business will report earnings of $0.18 per share, with EPS estimates ranging from ($0.27) to $0.41. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for DHT.

DHT (NYSE:DHT) last released its quarterly earnings data on Thursday, November 1st. The shipping company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). DHT had a negative net margin of 23.10% and a negative return on equity of 6.95%. The business had revenue of $48.20 million during the quarter, compared to analysts’ expectations of $50.07 million. During the same quarter in the prior year, the firm posted ($0.04) earnings per share. The firm’s quarterly revenue was down 12.0% on a year-over-year basis.

A number of research firms recently weighed in on DHT. TheStreet upgraded shares of DHT from a “d+” rating to a “c” rating in a research note on Thursday, November 1st. Wells Fargo & Co boosted their price target on shares of DHT from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Monday, November 5th. Morgan Stanley boosted their price target on shares of DHT from $5.50 to $6.00 and gave the company a “buy” rating in a research report on Monday, November 5th. Zacks Investment Research upgraded shares of DHT from a “hold” rating to a “buy” rating and set a $6.00 price target for the company in a research report on Wednesday, November 7th. Finally, ValuEngine upgraded shares of DHT from a “hold” rating to a “buy” rating in a research report on Saturday, October 6th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. DHT currently has an average rating of “Buy” and an average target price of $6.08.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of DHT during the 2nd quarter worth $105,000. Marshall Wace North America L.P. bought a new stake in shares of DHT during the 3rd quarter worth $223,000. Odey Asset Management Group Ltd bought a new stake in shares of DHT during the 2nd quarter worth $350,000. DNB Asset Management AS bought a new stake in shares of DHT during the 3rd quarter worth $584,000. Finally, Teachers Advisors LLC lifted its holdings in shares of DHT by 10.1% during the 3rd quarter. Teachers Advisors LLC now owns 180,407 shares of the shipping company’s stock worth $848,000 after acquiring an additional 16,527 shares during the last quarter. 40.96% of the stock is owned by institutional investors.

DHT stock traded up $0.07 during mid-day trading on Tuesday, reaching $4.36. The company’s stock had a trading volume of 901,497 shares, compared to its average volume of 1,003,428. DHT has a 12-month low of $3.27 and a 12-month high of $5.60. The firm has a market capitalization of $625.98 million, a price-to-earnings ratio of 33.54 and a beta of 0.19. The company has a current ratio of 1.78, a quick ratio of 1.47 and a debt-to-equity ratio of 1.01.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 23rd. Stockholders of record on Friday, November 16th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend was Thursday, November 15th. DHT’s dividend payout ratio is currently 61.54%.

DHT Company Profile

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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