DHT Holdings Inc (NYSE:DHT) – Equities research analysts at Jefferies Group increased their FY2017 earnings per share (EPS) estimates for shares of DHT Holdings in a research note issued on Thursday. Jefferies Group analyst D. Mavrinac now anticipates that the brokerage will post earnings per share of $0.07 for the year, up from their previous estimate of $0.04.
A number of other brokerages have also recently issued reports on DHT. Stifel Nicolaus upped their price objective on shares of DHT Holdings from $4.50 to $5.00 and gave the company a “hold” rating in a research note on Monday, January 30th. Zacks Investment Research raised shares of DHT Holdings from a “sell” rating to a “hold” rating in a research note on Monday, November 28th. Finally, Maxim Group initiated coverage on shares of DHT Holdings in a research note on Tuesday, December 20th. They issued a “buy” rating and a $7.50 price objective for the company. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $6.68.
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Shares of DHT Holdings (NYSE:DHT) opened at 4.48 on Friday. The firm has a 50-day moving average of $4.87 and a 200-day moving average of $4.28. DHT Holdings has a 12-month low of $3.29 and a 12-month high of $6.10. The firm has a market capitalization of $418.58 million, a PE ratio of 45.25 and a beta of 1.16.
DHT Holdings (NYSE:DHT) last posted its quarterly earnings results on Monday, January 30th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.06. The business earned $67 million during the quarter, compared to analysts’ expectations of $66.49 million. DHT Holdings had a net margin of 2.87% and a return on equity of 11.97%. The business’s quarterly revenue was down 16.2% on a year-over-year basis. During the same period last year, the company posted $0.31 earnings per share.
A number of large investors have recently bought and sold shares of DHT. Allianz Asset Management AG raised its stake in DHT Holdings by 13.7% in the fourth quarter. Allianz Asset Management AG now owns 1,858,614 shares of the company’s stock worth $7,694,000 after buying an additional 224,390 shares in the last quarter. State Street Corp raised its stake in DHT Holdings by 5.6% in the fourth quarter. State Street Corp now owns 1,738,488 shares of the company’s stock worth $7,199,000 after buying an additional 92,180 shares in the last quarter. Cedar Capital LLC purchased a new stake in DHT Holdings during the third quarter worth approximately $5,155,000. Russell Investments Group Ltd. purchased a new stake in DHT Holdings during the fourth quarter worth approximately $4,229,000. Finally, Guggenheim Capital LLC raised its stake in DHT Holdings by 58.0% in the fourth quarter. Guggenheim Capital LLC now owns 754,953 shares of the company’s stock worth $3,126,000 after buying an additional 277,064 shares in the last quarter. Institutional investors own 59.90% 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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