DHT Holdings Inc. to Post Q3 2016 Earnings of $0.03 Per Share, Seaport Global Securities Forecasts (DHT)
DHT Holdings Inc. (NYSE:DHT) – Analysts at Seaport Global Securities decreased their Q3 2016 earnings per share (EPS) estimates for DHT Holdings in a research report issued on Tuesday. Seaport Global Securities analyst M. Fyhr now anticipates that the firm 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 posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.04. DHT Holdings had a net margin of 33.81% and a return on equity of 17.09%. The company earned $83.20 million during the quarter, compared to the consensus estimate of $82.44 million. During the same quarter in the prior year, the company posted $0.24 EPS. The company’s quarterly revenue was up 22.2% compared to the same quarter last year.
DHT has been the subject of a number of other research reports. Zacks Investment Research upgraded DHT Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th. Morgan Stanley set a $7.00 price objective on DHT Holdings and gave the stock a “buy” rating in a research report on Wednesday, August 10th. Jefferies Group restated a “buy” rating on shares of DHT Holdings in a research report on Monday, August 22nd. TheStreet lowered DHT Holdings from a “buy” rating to a “hold” rating in a research report on Monday, September 19th. Finally, Wells Fargo & Co. began coverage on DHT Holdings in a research report on Monday, September 26th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. DHT Holdings has an average rating of “Hold” and an average target price of $7.78.
DHT Holdings (NYSE:DHT) opened at 4.21 on Wednesday. The firm has a market cap of $393.07 million, a P/E 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. DHT Holdings has a 1-year low of $4.00 and a 1-year high of $8.47.
Several large investors have recently bought and sold shares of the company. WealthTrust Axiom LLC purchased a new stake in DHT Holdings during the second quarter worth $102,000. InterOcean Capital LLC increased its stake in 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 purchased a new stake in DHT Holdings during the second quarter worth $277,000. Carleon Capital Partners LLC purchased a new stake in DHT Holdings during the second quarter worth $326,000. Finally, Emerald Acquisition Ltd. purchased a new stake in DHT Holdings during the second quarter worth $335,000. 67.66% of the stock is owned by institutional investors.
About DHT Holdings
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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