DHT (DHT) Set to Announce Earnings on Tuesday

DHT (NYSE:DHT) is set to release its earnings data after the market closes on Tuesday, November 12th. Analysts expect DHT to post earnings of $0.20 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

DHT (NYSE:DHT) last posted its quarterly earnings results on Monday, August 12th. The shipping company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). DHT had a return on equity of 15.19% and a net margin of 27.45%. The company had revenue of $103.70 million during the quarter, compared to analyst estimates of $102.75 million. During the same period last year, the company posted $0.35 earnings per share. The company’s revenue was down 8.2% compared to the same quarter last year. On average, analysts expect DHT to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

DHT Trading Down 1.1 %

NYSE DHT opened at $10.46 on Friday. DHT has a 1-year low of $9.28 and a 1-year high of $12.80. The company has a current ratio of 2.87, a quick ratio of 2.33 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $1.69 billion, a PE ratio of 10.78 and a beta of -0.36. The firm’s fifty day simple moving average is $10.92 and its 200-day simple moving average is $11.30.

DHT Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 23rd were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 10.33%. The ex-dividend date of this dividend was Friday, August 23rd. DHT’s dividend payout ratio (DPR) is presently 111.34%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. BTIG Research assumed coverage on shares of DHT in a research note on Tuesday, October 15th. They issued a “buy” rating and a $16.00 price target on the stock. Stifel Nicolaus lowered their target price on shares of DHT from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. StockNews.com downgraded shares of DHT from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. Finally, Fearnley Fonds raised shares of DHT to a “strong-buy” rating in a research report on Friday, September 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, DHT presently has a consensus rating of “Moderate Buy” and an average target price of $14.50.

DHT Company Profile

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. The company also offers technical management services. As of March 15, 2024, it had a fleet of 24 very large crude carriers. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.