Wall Street brokerages expect DHT Holdings Inc (NYSE:DHT) to post sales of $62.08 million for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for DHT’s earnings, with the lowest sales estimate coming in at $58.30 million and the highest estimate coming in at $63.84 million. DHT reported sales of $67.00 million in the same quarter last year, which indicates a negative year-over-year growth rate of 7.3%. The business is scheduled to announce its next quarterly earnings report on Monday, January 29th.

According to Zacks, analysts expect that DHT will report full year sales of $62.08 million for the current year, with estimates ranging from $241.37 million to $255.00 million. For the next financial year, analysts anticipate that the company will report sales of $297.01 million per share, with estimates ranging from $244.13 million to $321.50 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow DHT.

DHT (NYSE:DHT) last released its quarterly earnings data on Monday, November 13th. The shipping company reported ($0.04) earnings per share for the quarter, topping 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 net margin of 9.68% and a return on equity of 4.84%. DHT’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.81) earnings per share.

Several equities research analysts recently weighed in on DHT shares. Jefferies Group reiterated a “buy” rating on shares of DHT in a research note on Thursday, October 19th. ValuEngine upgraded shares of DHT from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Maxim Group set a $7.00 price objective on shares of DHT and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Stifel Nicolaus set a $5.00 price objective on shares of DHT and gave the stock a “hold” rating in a research note on Sunday, October 29th. Finally, Zacks Investment Research lowered shares of DHT from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $6.00.

Large investors have recently made changes to their positions in the business. Bank of America Corp DE increased its stake in shares of DHT by 87.1% in the first quarter. Bank of America Corp DE now owns 26,646 shares of the shipping company’s stock valued at $119,000 after purchasing an additional 12,407 shares during the period. Voya Investment Management LLC increased its stake in shares of DHT by 16.8% in the second quarter. Voya Investment Management LLC now owns 46,770 shares of the shipping company’s stock valued at $194,000 after purchasing an additional 6,737 shares during the period. Dynamic Technology Lab Private Ltd increased its stake in shares of DHT by 11.7% in the second quarter. Dynamic Technology Lab Private Ltd now owns 70,615 shares of the shipping company’s stock valued at $293,000 after purchasing an additional 7,388 shares during the period. Cubist Systematic Strategies LLC increased its stake in shares of 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 during the period. Finally, SG Americas Securities LLC increased its stake in shares of DHT by 109.7% in the second quarter. SG Americas Securities LLC now owns 74,792 shares of the shipping company’s stock valued at $310,000 after purchasing an additional 39,125 shares during the period. Institutional investors own 35.70% of the company’s stock.

DHT (DHT) traded down $0.02 on Wednesday, reaching $3.84. 805,459 shares of the company traded hands, compared to its average volume of 549,701. The firm has a market capitalization of $546.61, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 2.82 and a beta of 0.93. DHT has a 52-week low of $3.52 and a 52-week high of $5.20. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.81.

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About DHT

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.

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Earnings History and Estimates for DHT (NYSE:DHT)

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