$79.15 Million in Sales Expected for DHT Holdings Inc (DHT) This Quarter

Wall Street brokerages forecast that DHT Holdings Inc (NYSE:DHT) will report $79.15 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for DHT’s earnings, with the highest sales estimate coming in at $86.35 million and the lowest estimate coming in at $75.66 million. DHT reported sales of $56.63 million during the same quarter last year, which would suggest a positive year over year growth rate of 39.8%. The company is expected to announce its next quarterly earnings results on Tuesday, February 5th.

On average, analysts expect that DHT will report full-year sales of $206.11 million for the current fiscal year, with estimates ranging from $198.00 million to $215.16 million. For the next year, analysts expect that the business will post sales of $274.09 million, with estimates ranging from $223.81 million to $308.60 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow DHT.

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

DHT has been the topic of several recent research reports. JPMorgan Chase & Co. raised DHT from a “neutral” rating to an “overweight” rating and set a $7.00 target price on the stock in a research report on Friday, October 19th. Wells Fargo & Co dropped their target price on DHT from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Tuesday, August 14th. Maxim Group reaffirmed a “buy” rating and set a $6.00 target price on shares of DHT in a research report on Thursday, August 9th. ValuEngine raised DHT from a “hold” rating to a “buy” rating in a research report on Saturday, October 6th. Finally, Zacks Investment Research cut DHT from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. DHT presently has a consensus rating of “Buy” and an average target price of $6.08.

NYSE DHT traded down $0.38 during midday trading on Tuesday, hitting $4.11. 2,487,600 shares of the company traded hands, compared to its average volume of 871,966. 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 stock has a market capitalization of $654.69 million, a PE ratio of 31.62 and a beta of 0.25. DHT has a 52 week low of $3.27 and a 52 week high of $5.60.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 23rd. Shareholders of record on Friday, November 16th will be given a dividend of $0.02 per share. The ex-dividend date is Thursday, November 15th. This represents a $0.08 annualized dividend and a yield of 1.95%. DHT’s dividend payout ratio (DPR) is presently 61.54%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of DHT in the 2nd quarter worth $105,000. Bienville Capital Management LLC boosted its position in shares of DHT by 666.4% in the 2nd quarter. Bienville Capital Management LLC now owns 315,314 shares of the shipping company’s stock worth $1,479,000 after purchasing an additional 274,171 shares in the last quarter. BlackRock Inc. boosted its position in shares of DHT by 14.0% in the 2nd quarter. BlackRock Inc. now owns 4,598,101 shares of the shipping company’s stock worth $21,565,000 after purchasing an additional 565,749 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of DHT by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,808,667 shares of the shipping company’s stock worth $36,623,000 after purchasing an additional 76,005 shares in the last quarter. Finally, FMR LLC acquired a new stake in shares of DHT in the 2nd quarter worth $1,197,000. 42.89% of the stock is currently owned by institutional investors and hedge funds.

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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