DHT Holdings, Inc. (DHT) Expected to Post FY2017 Earnings of $0.20 Per Share

DHT Holdings, Inc. (NYSE:DHT) – Equities researchers at Jefferies Group issued their FY2017 EPS estimates for DHT in a report released on Monday. Jefferies Group analyst R. Giveans anticipates that the shipping company will post earnings of $0.20 per share for the year. Jefferies Group currently has a “Buy” rating and a $6.00 target price on the stock. Jefferies Group also issued estimates for DHT’s Q4 2017 earnings at $0.03 EPS and FY2018 earnings at $0.45 EPS.

A number of other research analysts have also issued reports on the company. TheStreet upgraded DHT from a “d+” rating to a “c-” rating in a research report on Monday, November 13th. Maxim Group set a $7.00 target price on DHT and gave the company a “buy” rating in a research report on Monday, November 27th. Zacks Investment Research upgraded DHT from a “sell” rating to a “hold” rating in a research report on Thursday, November 16th. ValuEngine lowered DHT from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Stifel Nicolaus set a $5.00 target price on DHT and gave the company a “hold” rating in a research report on Sunday, October 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $6.00.

Shares of DHT (DHT) opened at $3.55 on Wednesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.65 and a quick ratio of 1.65. DHT has a 52-week low of $3.52 and a 52-week high of $5.20. The company has a market capitalization of $508.18, a P/E ratio of 8.71, a price-to-earnings-growth ratio of 3.35 and a beta of 0.92.

DHT (NYSE:DHT) last released its quarterly earnings data on Monday, November 13th. The shipping company reported ($0.04) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.04. DHT had a return on equity of 4.84% and a net margin of 9.68%. The business had revenue of $54.80 million for the quarter, compared to analyst estimates of $50.43 million. During the same quarter in the prior year, the firm posted ($0.81) EPS. The business’s quarterly revenue was up 8.9% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 6th. Stockholders of record on Tuesday, November 28th were given a dividend of $0.02 per share. The ex-dividend date was Monday, November 27th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.25%. DHT’s dividend payout ratio (DPR) is 24.24%.

Several large investors have recently made changes to their positions in DHT. State of Wisconsin Investment Board purchased a new position in DHT in the 2nd quarter valued at $2,283,000. Marshall Wace North America L.P. purchased a new position in DHT in the 2nd quarter valued at $1,996,000. Engineers Gate Manager LP lifted its holdings in DHT by 195.4% in the 2nd quarter. Engineers Gate Manager LP now owns 97,538 shares of the shipping company’s stock valued at $405,000 after purchasing an additional 64,522 shares in the last quarter. Numeric Investors LLC purchased a new position in DHT in the 2nd quarter valued at $1,874,000. Finally, Amerigo Asset Management purchased a new position in DHT in the 3rd quarter valued at $3,345,000. Hedge funds and other institutional investors own 35.70% of the company’s stock.

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About DHT

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.

Earnings History and Estimates for DHT (NYSE:DHT)

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