Brokerages Anticipate DHT Holdings, Inc. (NYSE:DHT) Will Announce Quarterly Sales of $60.26 Million
Equities research analysts predict that DHT Holdings, Inc. (NYSE:DHT) will report $60.26 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for DHT Holdings’ earnings, with the highest sales estimate coming in at $64.31 million and the lowest estimate coming in at $55.30 million. DHT Holdings posted sales of $83.16 million in the same quarter last year, which would indicate a negative year over year growth rate of 27.5%. The company is scheduled to announce its next earnings results on Tuesday, August 8th.
On average, analysts expect that DHT Holdings will report full-year sales of $60.26 million for the current fiscal year, with estimates ranging from $245.19 million to $270.18 million. For the next fiscal year, analysts anticipate that the business will post sales of $321.53 million per share, with estimates ranging from $264.64 million to $348.14 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow DHT Holdings.
Several research firms have issued reports on DHT. Zacks Investment Research raised shares of DHT Holdings from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research note on Wednesday, March 29th. Maxim Group raised their price target on shares of DHT Holdings from $6.50 to $7.00 and gave the stock a “buy” rating in a research note on Friday, April 21st. Jefferies Group LLC reaffirmed a “buy” rating and set a $6.00 price target on shares of DHT Holdings in a research note on Monday, April 24th. TheStreet cut shares of DHT Holdings from a “c” rating to a “d+” rating in a research note on Monday, May 8th. Finally, ValuEngine cut shares of DHT Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $5.54.
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DHT Holdings (NYSE DHT) traded down 0.24% during trading on Wednesday, hitting $4.21. 446,798 shares of the stock traded hands. The company’s 50 day moving average price is $4.14 and its 200-day moving average price is $4.48. DHT Holdings has a 52-week low of $3.29 and a 52-week high of $5.47. The stock’s market cap is $398.36 million.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Oxford Asset Management bought a new position in shares of DHT Holdings during the first quarter valued at $939,000. Kennedy Capital Management Inc. raised its position in shares of DHT Holdings by 86.8% in the first quarter. Kennedy Capital Management Inc. now owns 843,070 shares of the shipping company’s stock valued at $3,769,000 after buying an additional 391,699 shares during the last quarter. DnB Asset Management AS bought a new position in shares of DHT Holdings during the first quarter valued at $360,000. Caxton Associates LP bought a new position in shares of DHT Holdings during the first quarter valued at $894,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of DHT Holdings during the first quarter valued at $528,000. Institutional investors and hedge funds own 53.59% of the company’s stock.
About DHT Holdings
DHT Holdings, Inc operates a fleet of crude oil tankers. As of March 21, 2017, the Company’s fleet consisted of 21 crude oil tankers in operation. As of March 21, 2017, the Company’s fleet consisted of 19 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt), and two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 dwt.
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