DHT (DHT) to Release Quarterly Earnings on Tuesday

DHT (NYSE:DHT) is set to announce its earnings results after the market closes on Tuesday, May 14th. Analysts expect the company to announce earnings of $0.31 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

DHT (NYSE:DHT) last released its quarterly earnings data on Tuesday, February 6th. The shipping company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. DHT had a net margin of 28.78% and a return on equity of 15.52%. The firm had revenue of $94.50 million for the quarter, compared to the consensus estimate of $95.78 million. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The firm’s revenue was down 19.0% on a year-over-year basis. On average, analysts expect DHT to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

DHT Price Performance

Shares of NYSE DHT traded down $0.03 on Tuesday, hitting $11.59. The company’s stock had a trading volume of 329,850 shares, compared to its average volume of 1,771,230. DHT has a 12-month low of $7.60 and a 12-month high of $11.95. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 11.74 and a beta of -0.34. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.54 and a quick ratio of 2.94. The stock has a 50 day moving average of $11.29 and a 200-day moving average of $10.82.

Analyst Upgrades and Downgrades

DHT has been the topic of several recent research reports. TheStreet raised shares of DHT from a “c+” rating to a “b-” rating in a report on Tuesday, February 6th. Truist Financial upped their price target on shares of DHT from $14.00 to $17.00 and gave the company a “buy” rating in a report on Friday, February 16th. Finally, Jefferies Financial Group raised shares of DHT from a “hold” rating to a “buy” rating and upped their price target for the company from $11.00 to $14.00 in a report on Thursday, March 21st. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, DHT has an average rating of “Moderate Buy” and a consensus price target of $14.00.

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.