Wall Street analysts expect DHT Holdings, Inc. (NYSE:DHT) to post $58.47 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for DHT Holdings’ earnings. The highest sales estimate is $61.44 million and the lowest is $55.30 million. DHT Holdings reported sales of $83.16 million during the same quarter last year, which indicates a negative year over year growth rate of 29.7%. The company is scheduled to announce its next quarterly earnings results on Tuesday, August 8th.
On average, analysts expect that DHT Holdings will report full year sales of $58.47 million for the current financial year, with estimates ranging from $245.19 million to $268.37 million. For the next fiscal year, analysts forecast that the company will post sales of $327.89 million per share, with estimates ranging from $302.83 million to $348.14 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover DHT Holdings.
A number of research firms have issued reports on DHT. Maxim Group set a $7.00 price objective on DHT Holdings and gave the stock a “buy” rating in a report on Thursday, April 27th. Zacks Investment Research downgraded DHT Holdings from a “buy” rating to a “hold” rating in a report on Monday, June 26th. ValuEngine downgraded DHT Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $5.25 price objective on shares of DHT Holdings in a report on Friday, July 7th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $6.00 price objective on shares of DHT Holdings in a report on Monday, April 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $5.75.
Shares of DHT Holdings (DHT) opened at 3.97 on Wednesday. DHT Holdings has a 52-week low of $3.29 and a 52-week high of $5.47. The firm’s market cap is $375.65 million. The company has a 50-day moving average of $4.14 and a 200 day moving average of $4.47.
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A number of institutional investors have recently bought and sold shares of the company. Legal & General Group Plc increased its position in DHT Holdings by 1.1% in the first quarter. Legal & General Group Plc now owns 24,683 shares of the shipping company’s stock worth $110,000 after buying an additional 260 shares during the period. Wellington Management Group LLP bought a new stake in DHT Holdings during the first quarter worth approximately $146,000. Alliancebernstein L.P. boosted its stake in DHT Holdings by 525.0% in the first quarter. Alliancebernstein L.P. now owns 773,780 shares of the shipping company’s stock worth $3,459,000 after buying an additional 649,980 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in DHT Holdings during the first quarter worth approximately $282,000. Finally, American International Group Inc. boosted its stake in DHT Holdings by 7.1% in the first quarter. American International Group Inc. now owns 56,537 shares of the shipping company’s stock worth $253,000 after buying an additional 3,744 shares in the last quarter. Institutional investors and hedge funds own 53.11% of the company’s stock.
DHT Holdings Company Profile
DHT Holdings, Inc operates a fleet of crude oil tankers. As of March 21, 2017, the Company’s fleet consisted of 21 crude oil tankers in operation. As of March 21, 2017, the Company’s fleet consisted of 19 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt), and two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 dwt.
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