Q4 2016 Earnings Estimate for DHT Holdings Inc. (DHT) Issued By Seaport Global Securities
DHT Holdings Inc. (NYSE:DHT) – Investment analysts at Seaport Global Securities cut their Q4 2016 earnings per share (EPS) estimates for shares of DHT Holdings in a research note issued on Tuesday. Seaport Global Securities analyst M. Fyhr now forecasts that the firm will post earnings per share of $0.05 for the quarter, down from their previous forecast of $0.16. Seaport Global Securities also issued estimates for DHT Holdings’ FY2017 earnings at $0.39 EPS.
DHT has been the subject of several other research reports. Zacks Investment Research raised DHT Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th. Morgan Stanley set a $7.00 price objective on DHT Holdings and gave the company a “buy” rating in a research note on Wednesday, August 10th. Jefferies Group reaffirmed a “buy” rating on shares of DHT Holdings in a research note on Monday, August 22nd. TheStreet downgraded DHT Holdings from a “buy” rating to a “hold” rating in a research note on Monday, September 19th. Finally, Wells Fargo & Co. assumed coverage on DHT Holdings in a research note on Monday, September 26th. They issued a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $7.78.
DHT Holdings (NYSE:DHT) opened at 4.17 on Thursday. The company has a market cap of $389.34 million, a price-to-earnings ratio of 3.42 and a beta of 1.00. The company’s 50-day moving average is $4.24 and its 200 day moving average is $5.06. DHT Holdings has a 1-year low of $4.00 and a 1-year high of $8.47.
DHT Holdings (NYSE:DHT) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.34 earnings per share for the quarter, topping the 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 business had revenue of $83.20 million for the quarter, compared to analyst estimates of $82.44 million. During the same quarter last year, the firm earned $0.24 EPS. DHT Holdings’s quarterly revenue was up 22.2% compared to the same quarter last year.
Hedge funds have recently made changes to their positions in the company. Aperio Group LLC increased its stake in shares of DHT Holdings by 139.7% in the first quarter. Aperio Group LLC now owns 207,699 shares of the company’s stock valued at $1,196,000 after buying an additional 121,049 shares during the period. Prudential Financial Inc. increased its stake in shares of DHT Holdings by 217.0% in the first quarter. Prudential Financial Inc. now owns 518,000 shares of the company’s stock valued at $2,984,000 after buying an additional 354,600 shares during the period. Kennedy Capital Management Inc. bought a new stake in shares of DHT Holdings during the first quarter valued at approximately $2,869,000. Mount Lucas Management LP increased its stake in shares of DHT Holdings by 18.5% in the first quarter. Mount Lucas Management LP now owns 151,750 shares of the company’s stock valued at $874,000 after buying an additional 23,700 shares during the period. Finally, James Investment Research Inc. bought a new stake in shares of DHT Holdings during the second quarter valued at approximately $594,000. 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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