Wall Street brokerages forecast that DHT Holdings Inc (NYSE:DHT) will report sales of $56.99 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for DHT’s earnings, with the lowest sales estimate coming in at $56.55 million and the highest estimate coming in at $57.43 million. DHT reported sales of $48.19 million in the same quarter last year, which would suggest a positive year over year growth rate of 18.3%. The company is expected to announce its next quarterly earnings results on Thursday, November 7th.
According to Zacks, analysts expect that DHT will report full-year sales of $286.85 million for the current fiscal year, with estimates ranging from $277.34 million to $296.00 million. For the next fiscal year, analysts expect that the firm will report sales of $383.73 million, with estimates ranging from $362.53 million to $418.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for DHT.
DHT (NYSE:DHT) last announced its earnings results on Tuesday, August 6th. The shipping company reported ($0.03) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.03). The company had revenue of $61.20 million for the quarter, compared to analysts’ expectations of $56.37 million. DHT had a positive return on equity of 1.10% and a negative net margin of 0.54%. DHT’s quarterly revenue was up 77.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.20) earnings per share.
Shares of NYSE:DHT traded up $0.14 during mid-day trading on Thursday, hitting $5.32. 1,299,900 shares of the company traded hands, compared to its average volume of 1,092,997. The stock has a market cap of $736.78 million, a P/E ratio of -21.28, a P/E/G ratio of 5.01 and a beta of 0.54. The company has a current ratio of 1.29, a quick ratio of 1.21 and a debt-to-equity ratio of 0.95. DHT has a 12-month low of $3.60 and a 12-month high of $6.24. The stock has a 50-day moving average price of $5.74 and a two-hundred day moving average price of $5.17.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 22nd will be given a $0.02 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $0.08 annualized dividend and a yield of 1.50%. DHT’s dividend payout ratio is currently -128.00%.
Hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its position in DHT by 8.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,205,894 shares of the shipping company’s stock worth $36,087,000 after purchasing an additional 707,575 shares during the last quarter. Deprince Race & Zollo Inc. bought a new stake in shares of DHT in the first quarter valued at $2,674,000. BNP Paribas Arbitrage SA raised its stake in shares of DHT by 465.1% in the first quarter. BNP Paribas Arbitrage SA now owns 19,129 shares of the shipping company’s stock valued at $85,000 after buying an additional 15,744 shares during the period. Bank of America Corp DE raised its stake in shares of DHT by 29.2% in the fourth quarter. Bank of America Corp DE now owns 64,378 shares of the shipping company’s stock valued at $252,000 after buying an additional 14,561 shares during the period. Finally, Two Sigma Investments LP bought a new stake in shares of DHT in the fourth quarter valued at $159,000. 37.53% of the stock is currently owned by institutional investors and hedge funds.
DHT Company Profile
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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