DHT (DHT) Scheduled to Post Earnings on Tuesday

DHT (NYSE:DHT - Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, November 12th. Analysts expect DHT to post earnings of $0.20 per share for the quarter. Individual that wish to register for 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 Monday, August 12th. The shipping company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). The business had revenue of $103.70 million for 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%. The business's quarterly revenue was down 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $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 Down 0.7 %

DHT stock traded down $0.07 during trading on Tuesday, hitting $10.04. 1,156,660 shares of the company's stock traded hands, compared to its average volume of 1,836,190. The firm has a market capitalization of $1.62 billion, a P/E ratio of 10.37 and a beta of -0.36. The business has a fifty day simple moving average of $10.95 and a two-hundred day simple moving average 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. DHT has a 1 year low of $9.28 and a 1 year high of $12.80.

DHT Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 23rd were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $1.08 annualized dividend and a yield of 10.76%. DHT's dividend payout ratio (DPR) is 111.34%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. StockNews.com downgraded shares of DHT from a "hold" rating to a "sell" rating in a research note on Monday, September 9th. Stifel Nicolaus lowered their target price on shares of DHT from $13.00 to $11.00 and set a "hold" rating for the company in a research note on Wednesday, October 23rd. Fearnley Fonds upgraded shares of DHT to a "strong-buy" rating in a research note on Friday, September 27th. Finally, BTIG Research assumed coverage on shares of DHT in a research note on Tuesday, October 15th. They set a "buy" rating and a $16.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, DHT 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.