DHT (DHT) Expected to Announce Earnings on Wednesday

DHT (NYSE:DHT) is expected to release its earnings data after the market closes on Wednesday, February 5th. Analysts expect DHT to post earnings of $0.22 per share and revenue of $90.09 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

DHT (NYSE:DHT) last released its quarterly earnings data on Tuesday, November 12th. The shipping company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02. DHT had a net margin of 27.72% and a return on equity of 15.58%. The company had revenue of $92.64 million during the quarter, compared to the consensus estimate of $87.51 million. During the same period in the previous year, the firm earned $0.19 earnings per share. DHT’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts expect DHT to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

DHT Price Performance

DHT opened at $11.45 on Tuesday. The company has a quick ratio of 1.97, a current ratio of 2.41 and a debt-to-equity ratio of 0.35. DHT has a 52-week low of $8.67 and a 52-week high of $12.80. The company has a 50 day moving average of $9.95 and a two-hundred day moving average of $10.60. The company has a market cap of $1.85 billion, a P/E ratio of 11.45 and a beta of -0.39.

DHT Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 22nd were paid a $0.22 dividend. The ex-dividend date was Friday, November 22nd. This represents a $0.88 annualized dividend and a dividend yield of 7.69%. DHT’s dividend payout ratio (DPR) is presently 88.00%.

Analyst Ratings Changes

DHT has been the subject of several analyst reports. Kepler Capital Markets downgraded shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 target price for the company. in a research note on Thursday, December 12th. StockNews.com upgraded shares of DHT from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Jefferies Financial Group reiterated a “buy” rating and set a $14.00 price objective on shares of DHT in a research note on Wednesday, November 13th. BTIG Research started coverage on shares of DHT in a research note on Tuesday, October 15th. They set a “buy” rating and a $16.00 price objective on the stock. Finally, Stifel Nicolaus reduced their price objective on shares of DHT from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $13.54.

DHT Company Profile

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.