DHT Holdings Inc (DHT) Expected to Post FY2017 Earnings of $0.13 Per Share

DHT Holdings Inc (NYSE:DHT) – Seaport Global Securities lowered their FY2017 earnings per share (EPS) estimates for shares of DHT in a research note issued on Thursday. Seaport Global Securities analyst M. Fyhr now expects that the shipping company will post earnings per share of $0.13 for the year, down from their previous forecast of $0.19. Seaport Global Securities also issued estimates for DHT’s Q4 2018 earnings at $0.10 EPS, Q1 2019 earnings at $0.09 EPS, Q2 2019 earnings at $0.10 EPS, Q3 2019 earnings at $0.11 EPS, Q4 2019 earnings at $0.12 EPS and FY2019 earnings at $0.41 EPS.

DHT (NYSE:DHT) last posted its quarterly earnings results on Monday, November 13th. The shipping company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.04. The firm had revenue of $54.80 million for the quarter, compared to analyst estimates of $50.43 million. DHT had a return on equity of 4.84% and a net margin of 9.68%. DHT’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.81) earnings per share.

A number of other brokerages also recently commented on DHT. Jefferies Group restated a “buy” rating on shares of DHT in a research note on Thursday, October 19th. Stifel Nicolaus set a $5.00 target price on DHT and gave the company a “hold” rating in a research note on Sunday, October 29th. ValuEngine upgraded DHT from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research downgraded DHT from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Finally, Maxim Group set a $7.00 target price on DHT and gave the company a “buy” rating in a research note on Monday, November 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $6.00.

DHT (NYSE DHT) opened at $3.79 on Monday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.65 and a quick ratio of 1.65. DHT has a 52 week low of $3.52 and a 52 week high of $5.20. The company has a market capitalization of $539.50, a PE ratio of 11.84, a price-to-earnings-growth ratio of 2.81 and a beta of 0.93.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC grew its stake in DHT by 438.1% in the third quarter. Cubist Systematic Strategies LLC now owns 77,744 shares of the shipping company’s stock valued at $309,000 after purchasing an additional 63,295 shares in the last quarter. Caxton Associates LP grew its stake in DHT by 40.0% in the third quarter. Caxton Associates LP now owns 350,000 shares of the shipping company’s stock valued at $1,393,000 after purchasing an additional 100,000 shares in the last quarter. B. Riley Financial Inc. purchased a new position in DHT in the third quarter valued at about $490,000. Amerigo Asset Management purchased a new position in DHT in the third quarter valued at about $3,345,000. Finally, Prudential Financial Inc. boosted its stake in shares of DHT by 1.7% during the 3rd quarter. Prudential Financial Inc. now owns 980,540 shares of the shipping company’s stock worth $3,903,000 after acquiring an additional 15,950 shares in the last quarter. Hedge funds and other institutional investors own 35.70% of the company’s stock.

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DHT Company Profile

DHT Holdings, Inc is an independent crude oil tanker company. The Company’s fleet trades internationally and consists of crude oil tankers in the very large crude carriers (VLCC) and Aframax segments. As of December 1, 2017, the Company’s fleet consisted of 27 crude oil tankers in operation; 25 VLCCs, which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt), and two Aframax tankers, which are tankers ranging in size from 80,000 to 120,000 dwt.

Earnings History and Estimates for DHT (NYSE:DHT)

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