DHT Holdings Inc. (NYSE:DHT) – Research analysts at Seaport Global Securities reduced their Q3 2016 EPS estimates for DHT Holdings in a research note issued to investors on Tuesday. Seaport Global Securities analyst M. Fyhr now expects that the brokerage will post earnings of $0.03 per share 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 earnings results on Tuesday, August 9th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The company had revenue of $83.20 million for the quarter, compared to the consensus estimate of $82.44 million. DHT Holdings had a return on equity of 17.09% and a net margin of 33.81%. The firm’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.24 earnings per share.
A number of other equities analysts have also weighed in on DHT. Zacks Investment Research lowered DHT Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. Jefferies Group reduced their price objective on DHT Holdings from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Wednesday, July 27th. 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. TheStreet lowered DHT Holdings from a “buy” rating to a “hold” rating in a research note on Monday, September 19th. Finally, Wells Fargo & Co. initiated coverage on DHT Holdings in a research note on Monday, September 26th. They set a “market perform” rating for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. DHT Holdings has an average rating of “Hold” and a consensus target price of $7.78.
Shares of DHT Holdings (NYSE:DHT) opened at 4.17 on Wednesday. The firm’s 50-day moving average price is $4.24 and its 200-day moving average price is $5.06. DHT Holdings has a 12 month low of $4.00 and a 12 month high of $8.47. The stock has a market capitalization of $389.34 million, a P/E ratio of 3.42 and a beta of 1.00.
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 valued at about $102,000. InterOcean Capital LLC boosted 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 valued at $276,000 after buying an additional 1,150 shares during the last quarter. Zacks Investment Management purchased a new stake in DHT Holdings during the second quarter valued at about $277,000. Carleon Capital Partners LLC purchased a new stake in DHT Holdings during the second quarter valued at about $326,000. Finally, Emerald Acquisition Ltd. purchased a new stake in DHT Holdings during the second quarter valued at about $335,000. Institutional investors own 67.66% of the company’s stock.
DHT Holdings Company Profile
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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