DHT Holdings Inc (NYSE:DHT) – Equities research analysts at Jefferies Group raised their Q1 2018 earnings per share estimates for DHT in a report released on Tuesday. Jefferies Group analyst R. Giveans now anticipates that the shipping company will earn ($0.10) per share for the quarter, up from their prior estimate of ($0.11). Jefferies Group has a “Buy” rating and a $6.00 price target on the stock. Jefferies Group also issued estimates for DHT’s Q2 2018 earnings at ($0.15) EPS, Q3 2018 earnings at ($0.09) EPS and FY2018 earnings at ($0.32) EPS.
DHT (NYSE:DHT) last released its quarterly earnings data on Tuesday, February 6th. The shipping company reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05). The business had revenue of $56.60 million for the quarter, compared to analysts’ expectations of $55.82 million. DHT had a return on equity of 1.64% and a net margin of 1.86%. The firm’s quarterly revenue was down 15.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.18 EPS.
Shares of DHT (DHT) opened at $3.50 on Friday. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $508.18, a price-to-earnings ratio of 35.00 and a beta of 0.78. DHT has a 12 month low of $3.27 and a 12 month high of $5.20.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Voya Investment Management LLC increased its holdings in DHT by 16.8% during the second 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 increased its holdings in DHT by 11.7% during the second quarter. Dynamic Technology Lab Private Ltd now owns 70,615 shares of the shipping company’s stock valued at $293,000 after buying an additional 7,388 shares during the period. Cubist Systematic Strategies LLC grew its holdings in DHT by 438.1% in the third quarter. Cubist Systematic Strategies LLC now owns 77,744 shares of the shipping company’s stock worth $309,000 after purchasing an additional 63,295 shares during the last quarter. B. Riley Financial Inc. purchased a new position in DHT in the third quarter worth $490,000. Finally, Wells Fargo & Company MN grew its holdings in DHT by 43.8% in the fourth quarter. Wells Fargo & Company MN now owns 190,775 shares of the shipping company’s stock worth $685,000 after purchasing an additional 58,141 shares during the last quarter. 35.51% of the stock is owned by institutional investors and hedge funds.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Tuesday, February 20th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Friday, February 16th. DHT’s payout ratio is 80.00%.
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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 (VLCCs) 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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