DHT Holdings Inc. (DHT) Forecasted to Post Q4 2016 Earnings of $0.05 Per Share
DHT Holdings Inc. (NYSE:DHT) – Stock analysts at Seaport Global Securities cut their Q4 2016 earnings estimates for DHT Holdings in a research note issued to investors on Tuesday. Seaport Global Securities analyst M. Fyhr now anticipates that the firm will post earnings of $0.05 per share for the quarter, down from their prior estimate of $0.16. Seaport Global Securities also issued estimates for DHT Holdings’ FY2017 earnings at $0.39 EPS.
DHT Holdings (NYSE:DHT) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. The firm had revenue of $83.20 million for 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%. The company’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.24 EPS.
DHT has been the topic of several other research reports. Jefferies Group reaffirmed a “buy” rating on shares of DHT Holdings in a research report on Monday, August 29th. Wells Fargo & Co. assumed coverage on DHT Holdings in a research report on Monday, September 26th. They set a “market perform” rating on the stock. Zacks Investment Research cut DHT Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 5th. Morgan Stanley cut DHT Holdings from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $7.00 to $5.50 in a research report on Thursday, August 25th. Finally, TheStreet cut DHT Holdings from a “buy” rating to a “hold” rating in a research report on Monday, September 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. DHT Holdings has an average rating of “Hold” and a consensus price target of $7.78.
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DHT Holdings (NYSE:DHT) traded up 1.19% on Thursday, reaching $4.26. The company’s stock had a trading volume of 1,005,846 shares. The firm has a 50 day moving average of $4.25 and a 200 day moving average of $5.07. DHT Holdings has a 12 month low of $4.00 and a 12 month high of $8.47. The firm has a market cap of $397.74 million, a price-to-earnings ratio of 3.49 and a beta of 1.00.
Hedge funds and other institutional investors have recently bought and sold shares of the company. InterOcean Capital LLC boosted its position in DHT Holdings by 2.1% in the second quarter. InterOcean Capital LLC now owns 54,825 shares of the company’s stock valued at $276,000 after buying an additional 1,150 shares in the last quarter. BlackRock Fund Advisors boosted its position in DHT Holdings by 0.8% in the second quarter. BlackRock Fund Advisors now owns 2,349,759 shares of the company’s stock valued at $11,819,000 after buying an additional 17,977 shares in the last quarter. Lombard Odier Asset Management USA Corp boosted its position in DHT Holdings by 10.6% in the second quarter. Lombard Odier Asset Management USA Corp now owns 212,894 shares of the company’s stock valued at $1,071,000 after buying an additional 20,393 shares in the last quarter. WealthTrust Axiom LLC acquired a new position in DHT Holdings during the second quarter valued at $102,000. Finally, Wolverine Asset Management LLC boosted its position in DHT Holdings by 20.7% in the second quarter. Wolverine Asset Management LLC now owns 121,200 shares of the company’s stock valued at $609,000 after buying an additional 20,800 shares in the last quarter. 67.66% of the stock is currently owned by institutional investors and hedge funds.
DHT Holdings Company Profile
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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