DHT (NYSE:DHT) Posts Quarterly Earnings Results, Beats Estimates By $0.19 EPS

DHT (NYSE:DHT) posted its quarterly earnings results on Monday. The shipping company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.19, FiscalAI reports. The business had revenue of $290.34 million for the quarter, compared to analysts’ expectations of $258.12 million. DHT had a return on equity of 39.40% and a net margin of 65.52%.

DHT Trading Down 0.6%

Shares of DHT stock traded down $0.13 on Monday, hitting $20.55. 6,778,402 shares of the company’s stock traded hands, compared to its average volume of 3,984,381. The firm’s 50-day moving average price is $22.81 and its two-hundred day moving average price is $18.89. The stock has a market capitalization of $3.31 billion, a PE ratio of 6.99 and a beta of -0.03. DHT has a one year low of $11.64 and a one year high of $26.91. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.64 and a quick ratio of 3.32.

Insider Buying and Selling at DHT

In other DHT news, Director Sophie Rossini sold 33,000 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $20.04, for a total value of $661,320.00. Following the transaction, the director owned 78,543 shares of the company’s stock, valued at approximately $1,574,001.72. This represents a 29.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jon Eglin sold 25,000 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $21.00, for a total value of $525,000.00. Following the completion of the transaction, the insider directly owned 274,622 shares in the company, valued at $5,767,062. The trade was a 8.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 554,007 shares of company stock valued at $11,287,402 over the last quarter. 1.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DHT. BTIG Research boosted their price objective on DHT from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, September 18th. Evercore set a $26.00 target price on shares of DHT in a research report on Tuesday, October 27th. Finally, Weiss Ratings raised shares of DHT from a “buy (b+)” rating to a “buy (a)” rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $27.00.

DHT Company Profile