DHT (DHT) Projected to Post Quarterly Earnings on Wednesday

DHT (NYSE:DHT - Get Free Report) is expected to issue its quarterly earnings data after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.22 per share and revenue of $90.09 million for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

DHT (NYSE:DHT - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The shipping company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.02. The business had revenue of $92.64 million during the quarter, compared to analysts' expectations of $87.51 million. DHT had a net margin of 27.72% and a return on equity of 15.58%. DHT's revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.19 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 traded down $0.13 during trading on Friday, hitting $11.41. The stock had a trading volume of 790,790 shares, compared to its average volume of 2,130,541. The firm has a market cap of $1.84 billion, a PE ratio of 11.40 and a beta of -0.38. The company has a current ratio of 2.41, a quick ratio of 1.97 and a debt-to-equity ratio of 0.35. DHT has a 12 month low of $8.67 and a 12 month high of $12.80. The company has a 50 day simple moving average of $9.90 and a 200-day simple moving average of $10.60.

DHT Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 22nd were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 7.72%. The ex-dividend date of this dividend was Friday, November 22nd. DHT's dividend payout ratio (DPR) is currently 88.00%.

Analyst Upgrades and Downgrades

DHT has been the topic of a number of recent research reports. BTIG Research began coverage on shares of DHT in a research note on Tuesday, October 15th. They set a "buy" rating and a $16.00 price target on the stock. Jefferies Financial Group reissued a "buy" rating and issued a $14.00 target price on shares of DHT in a research note on Wednesday, November 13th. Kepler Capital Markets downgraded DHT from a "buy" rating to a "hold" rating and set a $9.70 price objective on the stock. in a report on Thursday, December 12th. Stifel Nicolaus dropped their target price on DHT from $13.00 to $11.00 and set a "hold" rating for the company in a report on Wednesday, October 23rd. Finally, StockNews.com upgraded DHT from a "sell" rating to a "hold" rating in a research report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, DHT presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.54.

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.