DHT (DHT) Expected to Announce Earnings on Wednesday

DHT (NYSE:DHT) is expected to post its quarterly earnings results after the market closes on Wednesday, February 5th. Analysts expect DHT to post earnings of $0.22 per share and revenue of $90.09 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

DHT (NYSE:DHT) last issued its quarterly earnings data on Tuesday, November 12th. The shipping company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. The business had revenue of $92.64 million for the quarter, compared to analysts’ expectations of $87.51 million. DHT had a return on equity of 15.58% and a net margin of 27.72%. The business’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the business earned $0.19 EPS. On average, analysts expect DHT to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

DHT Trading Down 1.5 %

NYSE DHT opened at $11.36 on Monday. DHT has a one year low of $8.67 and a one year high of $12.80. The business’s fifty day moving average is $9.92 and its 200-day moving average is $10.60. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 11.36 and a beta of -0.38. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.41 and a quick ratio of 1.97.

DHT Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 22nd were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 7.75%. The ex-dividend date was Friday, November 22nd. DHT’s dividend payout ratio is currently 88.00%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DHT. Kepler Capital Markets lowered DHT from a “buy” rating to a “hold” rating and set a $9.70 price objective for the company. in a report on Thursday, December 12th. Jefferies Financial Group restated a “buy” rating and set a $14.00 target price on shares of DHT in a report on Wednesday, November 13th. StockNews.com upgraded DHT from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Stifel Nicolaus reduced their price target on DHT from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. Finally, BTIG Research started coverage on DHT in a research note on Tuesday, October 15th. They issued a “buy” rating and a $16.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $13.54.

DHT Company Profile

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. The company also offers technical management services. As of March 15, 2024, it had a fleet of 24 very large crude carriers. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.