$67.12 Million in Sales Expected for DHT Holdings, Inc. (NYSE:DHT) This Quarter

Thursday, April 8, 2021 | MarketBeat

Analysts expect that DHT Holdings, Inc. (NYSE:DHT) will post $67.12 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for DHT's earnings, with the highest sales estimate coming in at $69.10 million and the lowest estimate coming in at $64.28 million. DHT posted sales of $152.52 million during the same quarter last year, which would indicate a negative year over year growth rate of 56%. The business is scheduled to report its next quarterly earnings report on Tuesday, May 4th.

According to Zacks, analysts expect that DHT will report full year sales of $315.36 million for the current year, with estimates ranging from $271.70 million to $365.53 million. For the next financial year, analysts forecast that the business will report sales of $391.49 million, with estimates ranging from $363.00 million to $408.08 million. Zacks' sales calculations are an average based on a survey of research firms that cover DHT.

DHT (NYSE:DHT) last announced its quarterly earnings data on Sunday, February 7th. The shipping company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.12 by ($0.05). DHT had a net margin of 42.24% and a return on equity of 32.82%. The company had revenue of $77.70 million during the quarter, compared to the consensus estimate of $85.17 million. During the same quarter in the previous year, the firm posted $0.47 EPS. The business's revenue for the quarter was down 45.2% compared to the same quarter last year.

A number of research firms have issued reports on DHT. Jefferies Financial Group boosted their price objective on shares of DHT from $6.50 to $7.00 and gave the company a "buy" rating in a research report on Tuesday, February 9th. HC Wainwright began coverage on DHT in a report on Monday, March 29th. They set a "neutral" rating and a $7.50 price target on the stock. Zacks Investment Research cut DHT from a "buy" rating to a "hold" rating in a report on Tuesday, January 12th. TheStreet lowered DHT from a "b" rating to a "c+" rating in a research report on Monday, February 8th. Finally, Truist assumed coverage on DHT in a report on Tuesday, March 9th. They set a "buy" rating and a $15.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. The stock has an average rating of "Buy" and an average price target of $8.67.

Shares of DHT opened at $6.26 on Thursday. The stock has a market capitalization of $1.07 billion, a P/E ratio of 3.08 and a beta of -0.08. DHT has a twelve month low of $4.52 and a twelve month high of $8.68. The company has a quick ratio of 2.51, a current ratio of 2.74 and a debt-to-equity ratio of 0.42. The firm has a fifty day simple moving average of $6.02 and a two-hundred day simple moving average of $5.51.

The company also recently announced a quarterly dividend, which was paid on Thursday, February 25th. Stockholders of record on Thursday, February 18th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend was Wednesday, February 17th. DHT's dividend payout ratio is currently 35.09%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. raised its holdings in DHT by 4.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 47,911 shares of the shipping company's stock worth $251,000 after purchasing an additional 1,888 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in shares of DHT by 12.1% in the 4th quarter. Avantax Advisory Services Inc. now owns 21,292 shares of the shipping company's stock worth $111,000 after acquiring an additional 2,302 shares in the last quarter. Ritholtz Wealth Management increased its stake in shares of DHT by 30.0% in the 4th quarter. Ritholtz Wealth Management now owns 13,288 shares of the shipping company's stock worth $69,000 after acquiring an additional 3,063 shares in the last quarter. tru Independence LLC purchased a new position in DHT during the 4th quarter valued at about $21,966,000. Finally, Strs Ohio bought a new stake in DHT during the fourth quarter worth about $25,000. Institutional investors own 59.99% of the company's stock.

About DHT

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, Oslo, and Norway. As of March 19, 2020, it had a fleet of 27 very large crude carriers with a capacity of 8,360,850 deadweight tons. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.

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