DHT (NYSE:DHT) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

DHT (NYSE:DHT) posted its quarterly earnings results on Monday. The shipping company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01), Briefing.com reports. The business had revenue of $103.70 million for the quarter, compared to analyst estimates of $102.75 million. DHT had a return on equity of 16.34% and a net margin of 29.58%. The firm’s quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 EPS.

DHT Price Performance

NYSE:DHT traded down $0.27 during trading hours on Tuesday, reaching $10.86. The company had a trading volume of 1,742,075 shares, compared to its average volume of 1,841,136. The company has a quick ratio of 2.69, a current ratio of 3.30 and a debt-to-equity ratio of 0.35. The stock has a 50-day moving average of $11.38 and a two-hundred day moving average of $11.42. DHT has a one year low of $8.60 and a one year high of $12.80. The firm has a market capitalization of $1.75 billion, a PE ratio of 10.21 and a beta of -0.35.

Analyst Ratings Changes

Separately, Stifel Nicolaus lifted their target price on shares of DHT from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $14.67.

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.