Wall Street analysts expect DHT Holdings Inc (NYSE:DHT) to report $60.45 million in sales for the current quarter, according to Zacks. Four analysts have made estimates for DHT’s earnings, with the lowest sales estimate coming in at $51.80 million and the highest estimate coming in at $63.84 million. DHT posted sales of $67.00 million in the same quarter last year, which would indicate a negative year over year growth rate of 9.8%. The business is expected to announce its next earnings report on Monday, January 29th.
According to Zacks, analysts expect that DHT will report full year sales of $60.45 million for the current fiscal year, with estimates ranging from $236.90 million to $255.00 million. For the next year, analysts anticipate that the firm will report sales of $283.99 million per share, with estimates ranging from $233.90 million to $321.50 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for DHT.
DHT (NYSE:DHT) last issued its earnings results on Monday, November 13th. The shipping company reported ($0.04) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.04. The business had revenue of $54.80 million for the quarter, compared to analysts’ expectations of $50.43 million. DHT had a return on equity of 4.84% and a net margin of 9.68%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.81) EPS.
Shares of DHT (NYSE DHT) traded up $0.03 during trading on Friday, hitting $3.92. The stock had a trading volume of 1,184,444 shares, compared to its average volume of 701,113. The firm has a market cap of $558.00, a PE ratio of 12.25, a P/E/G ratio of 3.86 and a beta of 0.93. DHT has a fifty-two week low of $3.52 and a fifty-two week high of $5.20. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.81.
Hedge funds have recently added to or reduced their stakes in the company. Voya Investment Management LLC raised its position in shares of DHT by 16.8% during the 2nd quarter. Voya Investment Management LLC now owns 46,770 shares of the shipping company’s stock valued at $194,000 after buying an additional 6,737 shares during the period. Dynamic Technology Lab Private Ltd raised its position in DHT by 11.7% in the second quarter. Dynamic Technology Lab Private Ltd now owns 70,615 shares of the shipping company’s stock valued at $293,000 after purchasing an additional 7,388 shares during the period. Cubist Systematic Strategies LLC raised its position in DHT by 438.1% in the third quarter. Cubist Systematic Strategies LLC now owns 77,744 shares of the shipping company’s stock valued at $309,000 after purchasing an additional 63,295 shares during the period. B. Riley Financial Inc. purchased a new stake in DHT in the third quarter valued at approximately $490,000. Finally, Caxton Associates LP raised its position in DHT by 25.0% in the second quarter. Caxton Associates LP now owns 250,000 shares of the shipping company’s stock valued at $1,038,000 after purchasing an additional 50,000 shares during the period. 35.70% of the stock is currently owned by hedge funds and other institutional investors.
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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