Brokerages Expect DHT Holdings, Inc. (DHT) Will Post Quarterly Sales of $51.72 Million
Brokerages expect DHT Holdings, Inc. (NYSE:DHT) to report $51.72 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for DHT Holdings’ earnings, with estimates ranging from $49.20 million to $57.40 million. DHT Holdings posted sales of $50.29 million during the same quarter last year, which suggests a positive year-over-year growth rate of 2.8%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, November 7th.
According to Zacks, analysts expect that DHT Holdings will report full year sales of $51.72 million for the current year, with estimates ranging from $243.40 million to $263.79 million. For the next fiscal year, analysts forecast that the business will report sales of $322.24 million per share, with estimates ranging from $305.26 million to $341.61 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow DHT Holdings.
DHT Holdings (NYSE:DHT) last posted its quarterly earnings data on Tuesday, August 8th. The shipping company reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.02. DHT Holdings had a negative net margin of 12.48% and a positive return on equity of 6.07%. The company had revenue of $59.63 million during the quarter, compared to the consensus estimate of $58.47 million.
A number of analysts have weighed in on the stock. BidaskClub lowered shares of DHT Holdings from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. Stifel Nicolaus set a $5.00 price objective on shares of DHT Holdings and gave the company a “hold” rating in a research note on Wednesday, August 9th. Maxim Group set a $7.00 price objective on shares of DHT Holdings and gave the company a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research upgraded shares of DHT Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Finally, ValuEngine lowered shares of DHT Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $5.75.
Hedge funds have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd increased its stake in shares of DHT Holdings by 11.7% in the second quarter. Dynamic Technology Lab Private Ltd now owns 70,615 shares of the shipping company’s stock worth $293,000 after buying an additional 7,388 shares during the last quarter. Caxton Associates LP increased its stake in shares of DHT Holdings by 25.0% in the second quarter. Caxton Associates LP now owns 250,000 shares of the shipping company’s stock worth $1,038,000 after buying an additional 50,000 shares during the last quarter. State Street Corp increased its stake in shares of DHT Holdings by 15.7% in the second quarter. State Street Corp now owns 2,388,793 shares of the shipping company’s stock worth $9,911,000 after buying an additional 323,923 shares during the last quarter. Williams Jones & Associates LLC increased its stake in shares of DHT Holdings by 81.9% in the second quarter. Williams Jones & Associates LLC now owns 379,773 shares of the shipping company’s stock worth $1,576,000 after buying an additional 171,030 shares during the last quarter. Finally, Numeric Investors LLC bought a new stake in shares of DHT Holdings during the second quarter worth about $1,874,000. 35.44% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of DHT Holdings (NYSE DHT) opened at 3.90 on Friday. The stock has a 50 day moving average of $4.05 and a 200-day moving average of $4.40. The company’s market capitalization is $555.15 million. DHT Holdings has a one year low of $3.29 and a one year high of $5.20.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 24th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Tuesday, August 22nd. DHT Holdings’s payout ratio is presently -18.18%.
DHT Holdings Company Profile
DHT Holdings, Inc operates a fleet of crude oil tankers. As of March 21, 2017, the Company’s fleet consisted of 21 crude oil tankers in operation. As of March 21, 2017, the Company’s fleet consisted of 19 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt), and two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 dwt.
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