DHT (NYSE:DHT) Posts Earnings Results, Beats Estimates By $0.12 EPS

DHT (NYSE:DHT) announced its earnings results on Wednesday. The shipping company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.12, Zacks reports. DHT had a return on equity of 15.58% and a net margin of 27.72%.

DHT Trading Down 0.5 %

DHT opened at $11.80 on Thursday. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 11.80 and a beta of -0.39. DHT has a 52 week low of $8.67 and a 52 week high of $12.80. The business’s 50 day moving average is $10.03 and its two-hundred day moving average is $10.61. The company has a quick ratio of 1.97, a current ratio of 2.41 and a debt-to-equity ratio of 0.35.

DHT Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 22nd were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 7.46%. The ex-dividend date was Friday, November 22nd. DHT’s dividend payout ratio (DPR) is 88.00%.

Analysts Set New Price Targets

DHT has been the topic of a number of recent analyst reports. StockNews.com upgraded DHT from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Kepler Capital Markets downgraded DHT from a “buy” rating to a “hold” rating and set a $9.70 target price for the company. in a research note on Thursday, December 12th. Stifel Nicolaus cut their price objective on DHT from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. BTIG Research started coverage on DHT in a report on Tuesday, October 15th. They set a “buy” rating and a $16.00 target price for the company. Finally, 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. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, DHT has a consensus rating of “Moderate Buy” and a consensus target price of $13.54.

About DHT

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.