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.
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.
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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