DHT Holdings Inc (DHT) to Post FY2017 Earnings of $0.13 Per Share, Seaport Global Securities Forecasts
DHT Holdings Inc (NYSE:DHT) – Seaport Global Securities reduced their FY2017 EPS estimates for shares of DHT in a research report issued to clients and investors on Thursday. Seaport Global Securities analyst M. Fyhr now anticipates that the shipping company will post earnings per share of $0.13 for the year, down from their previous estimate of $0.19. Seaport Global Securities also issued estimates for DHT’s Q4 2018 earnings at $0.10 EPS, Q1 2019 earnings at $0.09 EPS, Q2 2019 earnings at $0.10 EPS, Q3 2019 earnings at $0.11 EPS, Q4 2019 earnings at $0.12 EPS and FY2019 earnings at $0.41 EPS.
Other research analysts have also issued reports about the company. Jefferies Group reiterated a “buy” rating on shares of DHT in a research report on Thursday, October 19th. ValuEngine upgraded DHT from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Maxim Group set a $7.00 price objective on DHT and gave the company a “buy” rating in a research report on Monday, November 27th. TheStreet upgraded DHT from a “d+” rating to a “c-” rating in a research report on Monday, November 13th. Finally, Zacks Investment Research raised DHT from a “sell” rating to a “hold” rating in a research note on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $6.00.
DHT (NYSE:DHT) last announced its quarterly earnings data on Monday, November 13th. The shipping company reported ($0.04) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.04. The firm had revenue of $54.80 million for the quarter, compared to analyst estimates of $50.43 million. DHT had a return on equity of 4.84% and a net margin of 9.68%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the company earned ($0.81) EPS.
Several hedge funds have recently bought and sold shares of DHT. SG Americas Securities LLC lifted its stake in shares of DHT by 109.7% in the 2nd quarter. SG Americas Securities LLC now owns 74,792 shares of the shipping company’s stock valued at $310,000 after purchasing an additional 39,125 shares during the period. Engineers Gate Manager LP lifted its stake in shares of DHT by 195.4% in the 2nd quarter. Engineers Gate Manager LP now owns 97,538 shares of the shipping company’s stock valued at $405,000 after purchasing an additional 64,522 shares during the period. California Public Employees Retirement System lifted its stake in shares of DHT by 2.2% in the 2nd quarter. California Public Employees Retirement System now owns 691,858 shares of the shipping company’s stock valued at $2,871,000 after purchasing an additional 15,000 shares during the period. Voya Investment Management LLC lifted its stake in shares of DHT by 16.8% in the 2nd quarter. Voya Investment Management LLC now owns 46,770 shares of the shipping company’s stock valued at $194,000 after purchasing an additional 6,737 shares during the period. Finally, Numeric Investors LLC acquired a new position in shares of DHT in the 2nd quarter valued at $1,874,000. 35.70% of the stock is currently owned by institutional investors.
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DHT Holdings, Inc is an independent crude oil tanker company. The Company’s fleet trades internationally and consists of crude oil tankers in the very large crude carriers (VLCC) and Aframax segments. As of December 1, 2017, the Company’s fleet consisted of 27 crude oil tankers in operation; 25 VLCCs, which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt), and two Aframax tankers, which are tankers ranging in size from 80,000 to 120,000 dwt.
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