DHT (DHT) Expected to Announce Earnings on Tuesday

DHT (NYSE:DHT - Get Free Report) is anticipated to release its Q1 2025 earnings data after the market closes on Tuesday, May 6th. Analysts expect the company to announce earnings of $0.16 per share and revenue of $84.00 million for the quarter.

DHT (NYSE:DHT - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.22 by $0.12. DHT had a net margin of 31.72% and a return on equity of 17.42%. On average, analysts expect DHT to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

DHT Stock Performance

Shares of NYSE:DHT traded up $0.13 during midday trading on Tuesday, reaching $10.62. 190,949 shares of the company traded hands, compared to its average volume of 1,873,147. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 9.48 and a beta of -0.06. DHT has a 12 month low of $8.67 and a 12 month high of $12.80. The firm's fifty day moving average price is $10.41 and its two-hundred day moving average price is $10.36. The company has a quick ratio of 1.50, a current ratio of 1.84 and a debt-to-equity ratio of 0.32.

DHT Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were paid a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.68 dividend on an annualized basis and a yield of 6.41%. DHT's dividend payout ratio is presently 60.71%.

Analysts Set New Price Targets

DHT has been the topic of a number of research analyst reports. Jefferies Financial Group increased their target price on DHT from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Evercore ISI dropped their target price on DHT from $14.00 to $13.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Three 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 company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $12.74.

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.

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