DHT (DHT) to Release Earnings on Tuesday

DHT (NYSE:DHT) will release its earnings data after the market closes on Tuesday, November 12th. Analysts expect DHT to post earnings of $0.20 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

DHT (NYSE:DHT) last issued its earnings results on Monday, August 12th. The shipping company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The business had revenue of $103.70 million during the quarter, compared to analysts’ expectations of $102.75 million. DHT had a net margin of 27.45% and a return on equity of 15.19%. The business’s revenue was down 8.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 EPS. On average, analysts expect DHT to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

DHT Stock Down 0.5 %

DHT stock traded down $0.05 during trading on Tuesday, reaching $10.06. 288,642 shares of the company’s stock were exchanged, compared to its average volume of 1,832,160. DHT has a 52-week low of $9.28 and a 52-week high of $12.80. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 10.42 and a beta of -0.36. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.33 and a current ratio of 2.87. The company’s 50-day moving average is $10.95 and its two-hundred day moving average is $11.33.

DHT Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 23rd were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 10.74%. The ex-dividend date of this dividend was Friday, August 23rd. DHT’s payout ratio is 111.34%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DHT shares. BTIG Research started coverage on shares of DHT in a research note on Tuesday, October 15th. They issued a “buy” rating and a $16.00 target price for the company. StockNews.com downgraded shares of DHT from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. Stifel Nicolaus cut their target price on shares of DHT from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. Finally, Fearnley Fonds upgraded DHT to a “strong-buy” rating in a research note on Friday, September 27th. One analyst has rated the stock with a sell rating, one has issued 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 stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.50.

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.