Wall Street brokerages expect that DHT Holdings, Inc. (NYSE:DHT – Get Rating) will announce $54.50 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for DHT’s earnings, with estimates ranging from $47.80 million to $60.30 million. DHT reported sales of $45.25 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 20.4%. The business is scheduled to issue its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that DHT will report full year sales of $244.22 million for the current fiscal year, with estimates ranging from $222.00 million to $278.61 million. For the next financial year, analysts forecast that the firm will post sales of $302.09 million, with estimates ranging from $281.40 million to $334.53 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow DHT.
DHT (NYSE:DHT – Get Rating) last released its earnings results on Monday, May 9th. The shipping company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.02). DHT had a negative net margin of 14.16% and a negative return on equity of 6.76%. The company had revenue of $38.70 million for the quarter, compared to analyst estimates of $41.60 million. During the same quarter in the previous year, the company earned $0.05 earnings per share. DHT’s revenue for the quarter was down 45.7% compared to the same quarter last year.
Shares of NYSE DHT opened at $5.66 on Wednesday. The firm has a market capitalization of $966.72 million, a PE ratio of -22.64 and a beta of -0.32. The firm’s 50-day moving average is $5.79 and its 200-day moving average is $5.61. The company has a current ratio of 2.88, a quick ratio of 2.09 and a debt-to-equity ratio of 0.49. DHT has a 1 year low of $4.55 and a 1 year high of $7.19.
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 26th. Shareholders of record on Thursday, May 19th will be paid a $0.02 dividend. The ex-dividend date is Wednesday, May 18th. This represents a $0.08 annualized dividend and a yield of 1.41%. DHT’s dividend payout ratio is currently -32.00%.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in shares of DHT by 4.6% during the first quarter. Dimensional Fund Advisors LP now owns 11,978,143 shares of the shipping company’s stock valued at $69,473,000 after purchasing an additional 522,016 shares in the last quarter. BlackRock Inc. raised its stake 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 purchasing an additional 151,376 shares during the last quarter. Impala Asset Management LLC increased its position in DHT by 36.2% during the fourth quarter. Impala Asset Management LLC now owns 3,751,900 shares of the shipping company’s stock valued at $19,472,000 after acquiring an additional 997,874 shares during the last quarter. Cooper Creek Partners Management LLC increased its position in 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 during the last quarter. Finally, JPMorgan Chase & Co. increased its position in 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 during the last quarter. 55.78% of the stock is currently owned by institutional investors.
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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