Seaport Global Securities Equities Analysts Decrease Earnings Estimates for DHT Holdings Inc. (DHT)
DHT Holdings Inc. (NYSE:DHT) – Investment analysts at Seaport Global Securities decreased their Q3 2016 earnings per share estimates for shares of DHT Holdings in a report issued on Tuesday. Seaport Global Securities analyst M. Fyhr now forecasts that the firm will post earnings per share of $0.03 for the quarter, down from their previous estimate of $0.04. Seaport Global Securities also issued estimates for DHT Holdings’ FY2016 earnings at $0.78 EPS, Q1 2017 earnings at $0.11 EPS, Q2 2017 earnings at $0.11 EPS, Q3 2017 earnings at $0.08 EPS and Q4 2017 earnings at $0.09 EPS.
DHT Holdings (NYSE:DHT) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The company earned $83.20 million during the quarter, compared to analysts’ expectations of $82.44 million. DHT Holdings had a return on equity of 17.09% and a net margin of 33.81%. DHT Holdings’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 EPS.
DHT has been the topic of a number of other reports. Zacks Investment Research upgraded DHT Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th. Morgan Stanley set a $7.00 price target on DHT Holdings and gave the company a “buy” rating in a research note on Wednesday, August 10th. Jefferies Group restated a “buy” rating on shares of DHT Holdings in a research note on Monday, August 22nd. TheStreet lowered DHT Holdings from a “buy” rating to a “hold” rating in a report on Monday, September 19th. Finally, Wells Fargo & Co. assumed coverage on DHT Holdings in a report on Monday, September 26th. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $7.78.
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DHT Holdings (NYSE:DHT) traded down 1.39% during trading on Wednesday, reaching $4.27. The company had a trading volume of 671,394 shares. The stock has a market capitalization of $398.67 million, a price-to-earnings ratio of 3.50 and a beta of 1.00. The firm has a 50-day moving average of $4.28 and a 200-day moving average of $5.07. DHT Holdings has a 1-year low of $4.00 and a 1-year high of $8.47.
A number of large investors have recently made changes to their positions in the stock. WealthTrust Axiom LLC purchased a new stake in shares of DHT Holdings during the second quarter worth approximately $102,000. InterOcean Capital LLC increased its stake in shares of DHT Holdings by 2.1% in the second quarter. InterOcean Capital LLC now owns 54,825 shares of the company’s stock worth $276,000 after buying an additional 1,150 shares during the last quarter. Zacks Investment Management purchased a new stake in shares of DHT Holdings during the second quarter worth approximately $277,000. Carleon Capital Partners LLC purchased a new stake in shares of DHT Holdings during the second quarter worth approximately $326,000. Finally, Emerald Acquisition Ltd. purchased a new stake in shares of DHT Holdings during the second quarter worth approximately $335,000. Hedge funds and other institutional investors own 67.66% of the company’s stock.
About DHT Holdings
DHT Holdings, Inc (DHT) is a holding company. The Company, through its subsidiaries, owns and operates a fleet of crude oil tankers. Its fleet consists of approximately 20 crude oil tankers in operation, all of which are owned by the company. The Company’s fleet in operation consists of over 20 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (DWTs), approximately one Suezmax tanker (Suezmax), which is a tanker ranging in size from 130,000 to 170,000 DWT and over two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 DWT.
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