Wall Street brokerages expect DHT Holdings Inc (NYSE:DHT) to post $60.86 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for DHT’s earnings, with the lowest sales estimate coming in at $52.34 million and the highest estimate coming in at $67.10 million. DHT reported sales of $34.44 million during the same quarter last year, which indicates a positive year over year growth rate of 76.7%. The firm is expected to report its next earnings results on Tuesday, August 6th.
According to Zacks, analysts expect that DHT will report full year sales of $280.25 million for the current fiscal year, with estimates ranging from $237.73 million to $296.00 million. For the next year, analysts expect that the company will post sales of $365.62 million, with estimates ranging from $299.97 million to $418.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover DHT.
DHT (NYSE:DHT) last announced its quarterly 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. The firm had revenue of $85.80 million during the quarter, compared to analyst estimates of $77.18 million. DHT had a negative return on equity of 1.09% and a negative net margin of 5.17%. DHT’s quarterly revenue was up 85.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.06) earnings per share.
DHT stock traded down $0.10 during mid-day trading on Wednesday, reaching $5.80. 851,423 shares of the company were exchanged, compared to its average volume of 1,063,878. The company has a quick ratio of 1.30, a current ratio of 1.47 and a debt-to-equity ratio of 0.95. The firm has a market cap of $851.99 million, a P/E ratio of -23.20, a P/E/G ratio of 9.42 and a beta of 0.64. DHT has a 12-month low of $3.60 and a 12-month high of $6.15.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 21st will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, May 20th. This represents a $0.32 dividend on an annualized basis and a yield of 5.52%. This is a positive change from DHT’s previous quarterly dividend of $0.05. DHT’s dividend payout ratio is currently -128.00%.
A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in DHT by 3.8% during the first quarter. Dimensional Fund Advisors LP now owns 9,558,927 shares of the shipping company’s stock worth $42,633,000 after buying an additional 353,033 shares during the period. Renaissance Technologies LLC increased its position in shares of DHT by 4.8% during the first quarter. Renaissance Technologies LLC now owns 5,207,170 shares of the shipping company’s stock worth $23,224,000 after purchasing an additional 237,589 shares in the last quarter. BlackRock Inc. increased its position in shares of DHT by 2.4% during the fourth quarter. BlackRock Inc. now owns 4,746,892 shares of the shipping company’s stock worth $18,608,000 after purchasing an additional 111,286 shares in the last quarter. Saya Management LP increased its position in shares of DHT by 17.3% during the fourth quarter. Saya Management LP now owns 1,833,068 shares of the shipping company’s stock worth $7,186,000 after purchasing an additional 270,327 shares in the last quarter. Finally, Hartree Partners LP increased its position in shares of DHT by 90.0% during the first quarter. Hartree Partners LP now owns 760,000 shares of the shipping company’s stock worth $3,390,000 after purchasing an additional 360,000 shares in the last quarter. Institutional investors own 42.01% of the company’s stock.
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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