Wall Street brokerages forecast that DHT Holdings, Inc. (NYSE:DHT) will report sales of $50.02 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for DHT’s earnings, with estimates ranging from $42.90 million to $54.26 million. DHT posted sales of $202.72 million in the same quarter last year, which would indicate a negative year over year growth rate of 75.3%. The firm is expected to issue its next quarterly earnings report on Monday, August 9th.
According to Zacks, analysts expect that DHT will report full-year sales of $264.81 million for the current year, with estimates ranging from $236.20 million to $285.90 million. For the next fiscal year, analysts forecast that the business will report sales of $349.19 million, with estimates ranging from $311.40 million to $372.03 million. Zacks’ sales averages are an average based on a survey of research firms that cover DHT.
DHT (NYSE:DHT) last posted its earnings results on Tuesday, May 4th. The shipping company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. DHT had a net margin of 36.34% and a return on equity of 19.08%. The business had revenue of $71.28 million for the quarter, compared to analyst estimates of $66.55 million.
Shares of DHT stock traded down $0.03 during mid-day trading on Thursday, hitting $5.88. 59,080 shares of the stock were exchanged, compared to its average volume of 2,161,759. The stock’s fifty day moving average price is $6.26. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.37 and a current ratio of 2.87. DHT has a 52-week low of $4.52 and a 52-week high of $6.84. The company has a market capitalization of $1.00 billion, a P/E ratio of 4.81 and a beta of -0.24.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 26th. Stockholders of record on Wednesday, May 19th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, May 18th. This represents a $0.16 annualized dividend and a dividend yield of 2.72%. DHT’s dividend payout ratio (DPR) is currently 9.20%.
Several institutional investors have recently added to or reduced their stakes in DHT. tru Independence LLC acquired a new stake in DHT during the 4th quarter worth $21,966,000. Meeder Asset Management Inc. purchased a new stake in shares of DHT in the first quarter valued at about $40,000. MML Investors Services LLC purchased a new stake in shares of DHT in the first quarter valued at about $59,000. Principal Financial Group Inc. purchased a new stake in shares of DHT in the first quarter valued at about $68,000. Finally, Sawtooth Solutions LLC purchased a new stake in shares of DHT in the first quarter valued at about $69,000. 51.50% of the stock is owned by institutional investors and hedge funds.
DHT Company Profile
DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, Oslo, and Norway. As of March 17, 2021, it had a fleet of 28 very large crude carriers with a capacity of 8,660,835 deadweight tons. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.
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