DHT Holdings, Inc. (NYSE:DHT) – Jefferies Group lifted their Q3 2017 earnings per share (EPS) estimates for DHT Holdings in a research note issued to investors on Wednesday. Jefferies Group analyst D. Mavrinac now forecasts that the shipping company will post earnings of ($0.09) per share for the quarter, up from their previous estimate of ($0.12). Jefferies Group has a “Buy” rating and a $6.00 price objective on the stock. Jefferies Group also issued estimates for DHT Holdings’ FY2017 earnings at $0.15 EPS.

DHT Holdings (NYSE:DHT) last announced its quarterly earnings data on Tuesday, August 8th. The shipping company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.02. The firm had revenue of $59.63 million for the quarter, compared to the consensus estimate of $58.47 million. DHT Holdings had a negative net margin of 12.48% and a positive return on equity of 6.65%.

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A number of other research analysts have also recently commented on DHT. Zacks Investment Research upgraded DHT Holdings from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research report on Wednesday, April 19th. Maxim Group raised their price target on DHT Holdings from $6.50 to $7.00 and gave the stock a “buy” rating in a research report on Friday, April 21st. TheStreet cut DHT Holdings from a “c” rating to a “d+” rating in a research report on Monday, May 8th. ValuEngine cut DHT Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $5.25 target price on shares of DHT Holdings in a research report on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. DHT Holdings presently has an average rating of “Hold” and a consensus target price of $5.70.

Shares of DHT Holdings (NYSE:DHT) opened at 3.92 on Monday. The firm has a 50-day moving average of $4.15 and a 200-day moving average of $4.46. DHT Holdings has a 1-year low of $3.29 and a 1-year high of $5.47. The firm’s market capitalization is $558.00 million.

Hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its stake in DHT Holdings by 1.1% in the first quarter. Legal & General Group Plc now owns 24,683 shares of the shipping company’s stock valued at $110,000 after buying an additional 260 shares during the period. SG Americas Securities LLC raised its position in DHT Holdings by 4.0% in the first quarter. SG Americas Securities LLC now owns 35,667 shares of the shipping company’s stock worth $159,000 after buying an additional 1,360 shares in the last quarter. American International Group Inc. raised its position in DHT Holdings by 7.1% in the first quarter. American International Group Inc. now owns 56,537 shares of the shipping company’s stock worth $253,000 after buying an additional 3,744 shares in the last quarter. Sterneck Capital Management LLC raised its position in DHT Holdings by 3.9% in the first quarter. Sterneck Capital Management LLC now owns 220,250 shares of the shipping company’s stock worth $985,000 after buying an additional 8,313 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in DHT Holdings by 7.9% in the fourth quarter. Teachers Advisors LLC now owns 153,834 shares of the shipping company’s stock worth $637,000 after buying an additional 11,223 shares in the last quarter. Institutional investors own 35.44% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 24th will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Tuesday, August 22nd. DHT Holdings’s dividend payout ratio (DPR) is currently -72.73%.

DHT Holdings Company Profile

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.

Earnings History and Estimates for DHT Holdings (NYSE:DHT)

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