DHT Holdings Inc (NYSE:DHT) – Research analysts at Seaport Global Securities lowered their FY2017 earnings per share (EPS) estimates for shares of DHT in a note issued to investors on Thursday. Seaport Global Securities analyst M. Fyhr now forecasts that the shipping company will post earnings per share of $0.13 for the year, down from their prior forecast of $0.19. Seaport Global Securities also issued estimates for DHT’s Q4 2018 earnings at $0.10 EPS, Q1 2019 earnings at $0.09 EPS, Q2 2019 earnings at $0.10 EPS, Q3 2019 earnings at $0.11 EPS, Q4 2019 earnings at $0.12 EPS and FY2019 earnings at $0.41 EPS.
Several other research firms also recently issued reports on DHT. ValuEngine downgraded DHT from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Jefferies Group initiated coverage on DHT in a research note on Monday, December 18th. They issued a “buy” rating and a $6.00 price target on the stock. Zacks Investment Research downgraded DHT from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Maxim Group set a $7.00 price target on DHT and gave the company a “buy” rating in a research note on Monday, November 27th. Finally, TheStreet raised DHT from a “d+” rating to a “c-” rating in a research note on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. DHT currently has an average rating of “Hold” and an average price target of $6.00.
Shares of DHT (NYSE:DHT) opened at $3.79 on Monday. DHT has a 12 month low of $3.52 and a 12 month high of $5.20. The stock has a market capitalization of $539.50, a PE ratio of 11.84, a price-to-earnings-growth ratio of 2.81 and a beta of 0.93. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.81.
DHT (NYSE:DHT) last released its quarterly earnings results on Monday, November 13th. The shipping company reported ($0.04) earnings per share (EPS) for the quarter, beating 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 firm had revenue of $54.80 million for the quarter, compared to the consensus estimate of $50.43 million. During the same quarter last year, the business posted ($0.81) EPS. The company’s revenue for the quarter was up 8.9% on a year-over-year basis.
Several institutional investors and hedge funds have recently added to or reduced their stakes in DHT. Amerigo Asset Management bought a new position in shares of DHT in the 3rd quarter valued at about $3,345,000. Numeric Investors LLC bought a new position in shares of DHT in the 2nd quarter valued at about $1,874,000. State of Wisconsin Investment Board grew its holdings in shares of DHT by 63.9% in the 3rd quarter. State of Wisconsin Investment Board now owns 901,300 shares of the shipping company’s stock valued at $3,587,000 after acquiring an additional 351,300 shares in the last quarter. State Street Corp grew its holdings in shares of DHT by 15.7% in the 2nd quarter. State Street Corp now owns 2,388,793 shares of the shipping company’s stock valued at $9,911,000 after acquiring an additional 323,923 shares in the last quarter. Finally, Williams Jones & Associates LLC grew its holdings in shares of DHT by 81.9% in the 2nd quarter. Williams Jones & Associates LLC now owns 379,773 shares of the shipping company’s stock valued at $1,576,000 after acquiring an additional 171,030 shares in the last quarter. 35.70% of the stock is currently owned by hedge funds and other institutional investors.
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DHT Company Profile
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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