Analysts Expect DHT Holdings Inc (NYSE:DHT) Will Post Earnings of $0.48 Per Share

Analysts expect that DHT Holdings Inc (NYSE:DHT) will report $0.48 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for DHT’s earnings. The lowest EPS estimate is $0.33 and the highest is $0.62. DHT reported earnings of $0.12 per share during the same quarter last year, which would indicate a positive year over year growth rate of 300%. The business is expected to announce its next quarterly earnings report on Wednesday, May 13th.

According to Zacks, analysts expect that DHT will report full-year earnings of $1.11 per share for the current year, with EPS estimates ranging from $0.82 to $1.40. For the next financial year, analysts forecast that the company will post earnings of $1.27 per share, with EPS estimates ranging from $0.90 to $1.64. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for DHT.

DHT (NYSE:DHT) last issued its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.15). The company had revenue of $141.70 million during the quarter, compared to analyst estimates of $154.31 million. During the same quarter last year, the firm earned $0.08 earnings per share. The business’s quarterly revenue was up 66.3% compared to the same quarter last year.

A number of brokerages recently weighed in on DHT. TheStreet raised DHT from a “c” rating to a “b-” rating in a research note on Monday, February 10th. ValuEngine downgraded DHT from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 8th. Zacks Investment Research downgraded DHT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Finally, Evercore ISI reissued a “buy” rating on shares of DHT in a research note on Sunday, February 9th.

Shares of DHT stock traded up $0.01 during trading on Tuesday, reaching $5.59. The company had a trading volume of 2,117,319 shares. The firm’s 50 day simple moving average is $7.01 and its two-hundred day simple moving average is $6.75. DHT has a one year low of $4.09 and a one year high of $8.83.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.28 dividend on an annualized basis and a yield of 22.90%. This is a positive change from DHT’s previous quarterly dividend of $0.05.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DHT. Royal Bank of Canada boosted its stake in DHT by 581.6% in the 2nd quarter. Royal Bank of Canada now owns 4,546 shares of the shipping company’s stock valued at $27,000 after buying an additional 3,879 shares in the last quarter. Jane Street Group LLC acquired a new stake in DHT in the 4th quarter valued at $85,000. J. Goldman & Co LP acquired a new stake in DHT in the 4th quarter valued at $97,000. Convergence Investment Partners LLC acquired a new stake in DHT in the 3rd quarter valued at $98,000. Finally, ProShare Advisors LLC boosted its stake in DHT by 22.8% in the 4th quarter. ProShare Advisors LLC now owns 12,402 shares of the shipping company’s stock valued at $103,000 after buying an additional 2,305 shares in the last quarter. 46.56% of the stock is currently owned by hedge funds and other institutional investors.

About DHT

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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