DHT (DHT) to Release Quarterly Earnings on Tuesday

DHT (NYSE:DHT - Get Free Report) will release its earnings data after the market closes on Tuesday, May 14th. Analysts expect DHT to post earnings of $0.31 per share for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

DHT (NYSE:DHT - Get Free Report) last released its quarterly earnings results on Tuesday, February 6th. The shipping company reported $0.22 earnings per share for the quarter, hitting analysts' consensus estimates of $0.22. The business had revenue of $94.50 million for the quarter, compared to analysts' expectations of $95.78 million. DHT had a return on equity of 15.52% and a net margin of 28.78%. The company's revenue was down 19.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 EPS. On average, analysts expect DHT to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

DHT Price Performance

DHT stock traded up $0.01 during trading hours on Tuesday, hitting $11.63. The stock had a trading volume of 1,228,658 shares, compared to its average volume of 1,781,979. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 11.75 and a beta of -0.34. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.54 and a quick ratio of 2.94. DHT has a 1-year low of $7.60 and a 1-year high of $11.95. The stock's fifty day moving average is $11.31 and its two-hundred day moving average is $10.83.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. TheStreet upgraded shares of DHT from a "c+" rating to a "b-" rating in a report on Tuesday, February 6th. Jefferies Financial Group upgraded DHT from a "hold" rating to a "buy" rating and lifted their price target for the company from $11.00 to $14.00 in a report on Thursday, March 21st. Finally, Truist Financial increased their price objective on shares of DHT from $14.00 to $17.00 and gave the stock a "buy" rating in a report on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, DHT presently has a consensus rating of "Moderate Buy" and an average target price of $14.00.

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.