DHT Holdings Inc. (NYSE:DHT) – Research analysts at Seaport Global Securities cut their Q3 2016 earnings per share estimates for shares of DHT Holdings in a research note issued on Tuesday. Seaport Global Securities analyst M. Fyhr now expects that the brokerage will post earnings per share of $0.03 for the quarter, down from their prior estimate of $0.04. Seaport Global Securities also issued estimates for DHT Holdings’ FY2016 earnings at $0.78 EPS, Q1 2017 earnings at $0.11 EPS, Q2 2017 earnings at $0.11 EPS, Q3 2017 earnings at $0.08 EPS and Q4 2017 earnings at $0.09 EPS.
DHT Holdings (NYSE:DHT) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.04. The business had revenue of $83.20 million for the quarter, compared to analysts’ expectations of $82.44 million. DHT Holdings had a net margin of 33.81% and a return on equity of 17.09%. The company’s revenue was up 22.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.24 EPS.
Several other research firms also recently commented on DHT. Jefferies Group reaffirmed a “buy” rating on shares of DHT Holdings in a report on Monday, August 22nd. Zacks Investment Research raised shares of DHT Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 10th. Morgan Stanley set a $7.00 price target on shares of DHT Holdings and gave the stock a “buy” rating in a report on Wednesday, August 10th. Wells Fargo & Co. initiated coverage on shares of DHT Holdings in a report on Monday, September 26th. They set a “market perform” rating on the stock. Finally, TheStreet downgraded shares of DHT Holdings from a “buy” rating to a “hold” rating in a report on Monday, September 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $7.78.
DHT Holdings (NYSE:DHT) opened at 4.21 on Wednesday. DHT Holdings has a 52 week low of $4.00 and a 52 week high of $8.47. The stock has a market cap of $393.07 million, a PE ratio of 3.45 and a beta of 1.00. The stock’s 50 day moving average is $4.25 and its 200 day moving average is $5.07.
Institutional investors have recently bought and sold shares of the stock. WealthTrust Axiom LLC bought a new position in DHT Holdings during the second quarter valued at about $102,000. InterOcean Capital LLC boosted its stake in shares of DHT Holdings by 2.1% in the second quarter. InterOcean Capital LLC now owns 54,825 shares of the company’s stock worth $276,000 after buying an additional 1,150 shares during the period. Zacks Investment Management acquired a new stake in shares of DHT Holdings during the second quarter worth approximately $277,000. Carleon Capital Partners LLC acquired a new stake in shares of DHT Holdings during the second quarter worth approximately $326,000. Finally, Emerald Acquisition Ltd. acquired a new stake in shares of DHT Holdings during the second quarter worth approximately $335,000. 67.66% of the stock is currently owned by institutional investors and hedge funds.
DHT Holdings Company Profile
DHT Holdings, Inc (DHT) is a holding company. The Company, through its subsidiaries, owns and operates a fleet of crude oil tankers. Its fleet consists of approximately 20 crude oil tankers in operation, all of which are owned by the company. The Company’s fleet in operation consists of over 20 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (DWTs), approximately one Suezmax tanker (Suezmax), which is a tanker ranging in size from 130,000 to 170,000 DWT and over two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 DWT.
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