DHT (DHT) Scheduled to Post Earnings on Monday

DHT (NYSE:DHT) will be announcing its earnings results after the market closes on Monday, August 12th. Analysts expect the company to announce earnings of $0.28 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

DHT (NYSE:DHT) last posted its earnings results on Tuesday, May 14th. The shipping company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.02). DHT had a net margin of 29.58% and a return on equity of 16.34%. The firm had revenue of $106.30 million during the quarter, compared to the consensus estimate of $106.87 million. During the same quarter in the prior year, the business posted $0.23 earnings per share. DHT’s revenue for the quarter was up 13.2% compared to the same quarter last year. 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 opened at $10.92 on Friday. The business has a 50 day moving average of $11.40 and a 200-day moving average of $11.41. The company has a market capitalization of $1.76 billion, a P/E ratio of 10.40 and a beta of -0.35. DHT has a 1 year low of $8.60 and a 1 year high of $12.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.30 and a quick ratio of 2.69.

DHT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 24th were given a $0.29 dividend. This is a boost from DHT’s previous quarterly dividend of $0.22. This represents a $1.16 annualized dividend and a yield of 10.62%. The ex-dividend date of this dividend was Thursday, May 23rd. DHT’s dividend payout ratio is 110.48%.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus boosted their price objective on shares of DHT from $12.00 to $13.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, DHT has a consensus rating of “Moderate Buy” and a consensus target price of $14.67.

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.