Wall Street analysts expect that DHT Holdings, Inc. (NYSE:DHT – Get Rating) will announce sales of $43.88 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for DHT’s earnings, with the lowest sales estimate coming in at $39.90 million and the highest estimate coming in at $49.33 million. DHT reported sales of $71.28 million in the same quarter last year, which would suggest a negative year over year growth rate of 38.4%. The company is expected to issue its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that DHT will report full year sales of $274.88 million for the current fiscal year, with estimates ranging from $248.70 million to $315.05 million. For the next year, analysts anticipate that the company will post sales of $334.50 million, with estimates ranging from $316.30 million to $363.82 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover DHT.
DHT (NYSE:DHT – Get Rating) last issued its quarterly earnings results on Monday, February 7th. The shipping company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.04. The firm had revenue of $49.30 million for the quarter, compared to analysts’ expectations of $45.83 million. DHT had a negative net margin of 3.89% and a negative return on equity of 3.66%. The company’s revenue for the quarter was down 36.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.08 EPS.
Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in shares of DHT by 2.1% in the fourth quarter. BlackRock Inc. now owns 7,422,361 shares of the shipping company’s stock worth $38,522,000 after buying an additional 151,376 shares during the period. Impala Asset Management LLC raised its holdings in DHT by 36.2% in the fourth quarter. Impala Asset Management LLC now owns 3,751,900 shares of the shipping company’s stock worth $19,472,000 after purchasing an additional 997,874 shares in the last quarter. Hosking Partners LLP raised its holdings in DHT by 5.0% in the third quarter. Hosking Partners LLP now owns 3,744,284 shares of the shipping company’s stock worth $24,450,000 after purchasing an additional 178,528 shares in the last quarter. Cooper Creek Partners Management LLC increased its holdings in shares of DHT by 84.9% during the fourth quarter. Cooper Creek Partners Management LLC now owns 3,617,512 shares of the shipping company’s stock valued at $18,775,000 after acquiring an additional 1,660,819 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of DHT by 12.7% during the fourth quarter. JPMorgan Chase & Co. now owns 2,899,545 shares of the shipping company’s stock valued at $15,049,000 after acquiring an additional 326,527 shares in the last quarter. 56.97% of the stock is owned by institutional investors and hedge funds.
DHT traded up $0.06 on Wednesday, reaching $6.31. The company had a trading volume of 1,302,061 shares, compared to its average volume of 2,731,687. The stock has a market cap of $1.08 billion, a P/E ratio of -78.88 and a beta of -0.38. The company’s fifty day moving average is $5.83 and its 200 day moving average is $5.78. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.35 and a current ratio of 3.15. DHT has a fifty-two week low of $4.55 and a fifty-two week high of $7.19.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 24th. Investors of record on Thursday, February 17th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Wednesday, February 16th. DHT’s dividend payout ratio is currently -100.00%.
DHT Company Profile (Get Rating)
DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. As of March 17, 2022, it had a fleet of 26 very large crude carriers with a capacity of 8,043,657 deadweight tons. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.
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