DHT (DHT) Scheduled to Post Quarterly Earnings on Tuesday

DHT (NYSE:DHT) will be announcing its earnings results after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

DHT (NYSE:DHT) last announced its earnings results on Monday, August 12th. The shipping company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The business had revenue of $103.70 million during the quarter, compared to analysts’ expectations of $102.75 million. DHT had a net margin of 27.45% and a return on equity of 15.19%. DHT’s quarterly revenue was down 8.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 earnings per share. On average, analysts expect DHT to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

DHT Stock Performance

DHT stock traded down $0.05 during trading on Tuesday, hitting $10.06. The company had a trading volume of 288,642 shares, compared to its average volume of 1,832,160. DHT has a 1-year low of $9.28 and a 1-year high of $12.80. The firm has a 50-day moving average price of $10.95 and a 200-day moving average price of $11.33. The company has a quick ratio of 2.33, a current ratio of 2.87 and a debt-to-equity ratio of 0.36. The firm has a market cap of $1.62 billion, a PE ratio of 10.42 and a beta of -0.36.

DHT Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 23rd were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 10.74%. The ex-dividend date of this dividend was Friday, August 23rd. DHT’s dividend payout ratio is presently 111.34%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DHT shares. BTIG Research began coverage on shares of DHT in a research note on Tuesday, October 15th. They issued a “buy” rating and a $16.00 target price for the company. Stifel Nicolaus cut their target price on DHT from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. StockNews.com lowered DHT from a “hold” rating to a “sell” rating in a report on Monday, September 9th. Finally, Fearnley Fonds upgraded DHT to a “strong-buy” rating in a research report on Friday, September 27th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $14.50.

About DHT

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.