DHT Holdings Inc. (NYSE:DHT) – Stock analysts at Seaport Global Securities decreased 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 anticipates that the brokerage will post earnings per share of $0.05 for the quarter, down from their prior forecast of $0.16. Seaport Global Securities also issued estimates for DHT Holdings’ FY2017 earnings at $0.39 EPS.
DHT Holdings (NYSE:DHT) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.04. DHT Holdings had a return on equity of 17.09% and a net margin of 33.81%. The company earned $83.20 million during the quarter, compared to analyst estimates of $82.44 million. During the same period in the previous year, the business earned $0.24 EPS. DHT Holdings’s quarterly revenue was up 22.2% on a year-over-year basis.
DHT has been the topic of several other research reports. Jefferies Group reaffirmed a “buy” rating on shares of DHT Holdings in a report on Monday, August 29th. Wells Fargo & Co. began coverage on DHT Holdings in a report on Monday, September 26th. They set a “market perform” rating on the stock. Zacks Investment Research lowered DHT Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Morgan Stanley lowered DHT Holdings from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $7.00 to $5.50 in a report on Thursday, August 25th. Finally, TheStreet lowered DHT Holdings from a “buy” rating to a “hold” rating in a report on Monday, September 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $7.78.
Shares of DHT Holdings (NYSE:DHT) opened at 4.17 on Thursday. DHT Holdings has a 1-year low of $4.00 and a 1-year high of $8.47. The firm’s 50-day moving average price is $4.24 and its 200 day moving average price is $5.06. The stock has a market capitalization of $389.34 million, a price-to-earnings ratio of 3.42 and a beta of 1.00.
Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in shares of DHT Holdings by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 7,951,478 shares of the company’s stock worth $39,996,000 after buying an additional 40,984 shares during the last quarter. BlackRock Fund Advisors increased its stake in DHT Holdings by 0.8% in the second quarter. BlackRock Fund Advisors now owns 2,349,759 shares of the company’s stock worth $11,819,000 after buying an additional 17,977 shares during the last quarter. Allianz Asset Management AG increased its stake in DHT Holdings by 34.2% in the second quarter. Allianz Asset Management AG now owns 1,945,209 shares of the company’s stock worth $9,785,000 after buying an additional 496,095 shares during the last quarter. AJO LP increased its stake in DHT Holdings by 40.2% in the second quarter. AJO LP now owns 1,886,459 shares of the company’s stock worth $9,489,000 after buying an additional 540,804 shares during the last quarter. Finally, Global X Management Co. LLC increased its stake in DHT Holdings by 5.0% in the second quarter. Global X Management Co. LLC now owns 1,169,485 shares of the company’s stock worth $5,883,000 after buying an additional 55,416 shares during the last quarter. Hedge funds and other institutional investors own 67.66% of the company’s stock.
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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