Equities research analysts expect DHT Holdings Inc (NYSE:DHT) to report earnings of ($0.03) per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for DHT’s earnings, with the highest EPS estimate coming in at $0.02 and the lowest estimate coming in at ($0.07). DHT posted earnings of ($0.17) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 82.4%. The firm is expected to issue its next quarterly earnings results on Tuesday, August 6th.

According to Zacks, analysts expect that DHT will report full year earnings of $0.19 per share for the current fiscal year, with EPS estimates ranging from $0.10 to $0.27. For the next year, analysts forecast that the company will post earnings of $0.95 per share, with EPS estimates ranging from $0.75 to $1.20. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for DHT.

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

DHT has been the subject of a number of recent research reports. Zacks Investment Research lowered Phoenix New Media from a “hold” rating to a “sell” rating in a research note on Tuesday, July 23rd. Evercore ISI lowered DHT from an “outperform” rating to an “in-line” rating and set a $5.17 target price for the company. in a research note on Wednesday, April 24th. Finally, ValuEngine lowered Acceleron Pharma from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $6.28.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in DHT by 8.3% in the fourth 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 last quarter. BlackRock Inc. lifted its holdings in DHT by 2.4% during the 4th quarter. BlackRock Inc. now owns 4,746,892 shares of the shipping company’s stock worth $18,608,000 after buying an additional 111,286 shares during the last quarter. DNB Asset Management AS lifted its holdings in DHT by 792.4% during the 2nd quarter. DNB Asset Management AS now owns 1,579,600 shares of the shipping company’s stock worth $9,320,000 after buying an additional 1,402,600 shares during the last quarter. Hartree Partners LP lifted its holdings in DHT by 90.0% during the 1st quarter. Hartree Partners LP now owns 760,000 shares of the shipping company’s stock worth $3,390,000 after buying an additional 360,000 shares during the last quarter. Finally, Deprince Race & Zollo Inc. bought a new position in DHT during the 1st quarter worth approximately $2,674,000. 37.40% of the stock is owned by hedge funds and other institutional investors.

Shares of DHT stock traded up $0.01 during trading hours on Friday, reaching $5.91. The company had a trading volume of 740,395 shares, compared to its average volume of 967,151. The company has a quick ratio of 1.21, a current ratio of 1.47 and a debt-to-equity ratio of 0.95. DHT has a twelve month low of $3.60 and a twelve month high of $6.24. The stock has a market capitalization of $840.61 million, a P/E ratio of -23.64, a P/E/G ratio of 6.11 and a beta of 0.57. The company’s fifty day simple moving average is $5.78.

DHT Company Profile

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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Earnings History and Estimates for DHT (NYSE:DHT)

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