DHT (DHT) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

DHT (NYSE:DHT) issued its earnings results on Wednesday. The shipping company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02), Briefing.com reports. DHT had a negative return on equity of 4.12% and a negative net margin of 14.05%. The firm had revenue of $85.20 million for the quarter, compared to analysts’ expectations of $84.83 million. During the same period last year, the firm earned ($0.05) earnings per share. DHT’s revenue for the quarter was up 50.5% on a year-over-year basis.

Shares of DHT opened at $3.79 on Friday. DHT has a fifty-two week low of $3.28 and a fifty-two week high of $5.60. The company has a market cap of $575.73 million, a P/E ratio of -15.16 and a beta of 0.48. The company has a current ratio of 1.78, a quick ratio of 1.47 and a debt-to-equity ratio of 1.01.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 26th. Investors of record on Tuesday, February 19th will be paid a dividend of $0.05 per share. This is an increase from DHT’s previous quarterly dividend of $0.02. This represents a $0.20 annualized dividend and a yield of 5.28%. The ex-dividend date is Friday, February 15th. DHT’s dividend payout ratio is presently -32.00%.



DHT has been the topic of a number of analyst reports. ValuEngine raised shares of DHT from a “hold” rating to a “buy” rating in a research note on Thursday, December 20th. Pareto Securities raised shares of DHT from a “hold” rating to a “buy” rating in a research note on Thursday, October 25th. Zacks Investment Research raised shares of DHT from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a research note on Wednesday, November 7th. Morgan Stanley boosted their price target on shares of DHT from $5.50 to $6.00 and gave the company a “buy” rating in a research note on Monday, November 5th. Finally, Wells Fargo & Co boosted their price target on shares of DHT from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, November 5th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $6.08.

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About DHT

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Oslo, Norway and Singapore. As of February 6, 2018, it had a fleet of 27 very large crude carriers and 2 Aframaxes with deadweight tons of 8,590,740. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.

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Earnings History for DHT (NYSE:DHT)

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