Analysts Anticipate DHT Holdings Inc (NYSE:DHT) to Post -$0.03 EPS

Wall Street analysts expect DHT Holdings Inc (NYSE:DHT) to report earnings per share of ($0.03) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for DHT’s earnings, with the highest EPS estimate coming in at $0.02 and the lowest estimate coming in at ($0.09). DHT reported earnings of ($0.17) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 82.4%. The business is expected to announce its next earnings results on Tuesday, August 6th.

On average, analysts expect that DHT will report full-year earnings of $0.26 per share for the current year, with EPS estimates ranging from $0.25 to $0.27. For the next financial year, analysts expect that the business will report earnings of $0.95 per share, with EPS estimates ranging from $0.75 to $1.20. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow DHT.

DHT (NYSE:DHT) last released its quarterly earnings results on Wednesday, May 8th. The shipping company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.04. The company had revenue of $85.80 million during the quarter, compared to the consensus estimate of $77.18 million. DHT had a negative return on equity of 1.09% and a negative net margin of 5.17%. The firm’s revenue was up 85.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.06) EPS.

Several analysts have recently issued reports on the company. Zacks Investment Research upgraded DHT from a “hold” rating to a “buy” rating and set a $6.50 price target for the company in a research note on Monday. Evercore ISI downgraded DHT from an “outperform” rating to an “in-line” rating and set a $5.17 price target for the company. in a research note on Wednesday, April 24th. Finally, ValuEngine downgraded DHT from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $6.28.

A number of large investors have recently made changes to their positions in DHT. Dimensional Fund Advisors LP boosted its stake in DHT by 8.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,205,894 shares of the shipping company’s stock valued at $36,087,000 after purchasing an additional 707,575 shares during the period. Deprince Race & Zollo Inc. bought a new stake in DHT during the 1st quarter valued at approximately $2,674,000. Hartree Partners LP boosted its stake in DHT by 90.0% during the 1st quarter. Hartree Partners LP now owns 760,000 shares of the shipping company’s stock valued at $3,390,000 after purchasing an additional 360,000 shares during the period. Saya Management LP boosted its stake in DHT by 17.3% during the 4th quarter. Saya Management LP now owns 1,833,068 shares of the shipping company’s stock valued at $7,186,000 after purchasing an additional 270,327 shares during the period. Finally, FMR LLC bought a new stake in DHT during the 1st quarter valued at approximately $821,000. Hedge funds and other institutional investors own 36.42% of the company’s stock.

Shares of DHT traded down $0.13 during trading hours on Friday, hitting $5.80. 23,856 shares of the company were exchanged, compared to its average volume of 860,724. The company has a market capitalization of $843.48 million, a P/E ratio of -23.28, a PEG ratio of 4.53 and a beta of 0.57. The company’s 50 day simple moving average is $5.69. DHT has a 52 week low of $3.60 and a 52 week high of $6.15. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.21 and a current ratio of 1.47.

About DHT

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Oslo, Norway and Singapore. As of March 18, 2019, it had a fleet of 27 very large crude carriers with a capacity of 8,360,850 deadweight tons. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.

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