DHT Holdings, Inc. (DHT) Q3 2024 Earnings Call Transcript
DHT Holdings, Inc. (NYSE:DHT ) Q3 2024 Earnings Conference Call November 13, 2024 8:00 AM ET Company Participants Laila C. Halvorsen - CFO Svein Moxnes Harfjeld - President and CEO Conference Call Participants Frode Mørkedal - Clarkson Securities Jonathan Chappell - Evercore ISI Omar Nokta - Jefferies Operator Good day, and thank you for standing by.
DHT Holdings (DHT) Beats Q3 Earnings and Revenue Estimates
DHT Holdings (DHT) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.19 per share a year ago.
DHT Holdings Q3 Earnings Preview: Room For Disappointment
The company has a strong shareholder focus and low debt. Analysts' Q4 2024 and Q1 2025 estimates are overly optimistic due to current freight rates and futures, risking market disappointment. Potential geopolitical impacts, such as Trump's policies on Iran, could improve freight rates, but any effects would likely be seen in Q2 2025.
DHT Holdings (DHT) to Report Q3 Results: Wall Street Expects Earnings Growth
DHT Holdings (DHT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
DHT Holdings: VLCC Pure Play For Dividend Seekers
The crude oil tanker market is still attractive for investors. Market dynamics are favorable due to a higher tonne-mile demand growth rate than the fleet growth rate. 2Q24, as expected, brought weaker results due to seasonality. Nevertheless, DHT reported good figures: $49,100/day TCE and $23,600/day breakeven. DHT has excellent liquidity and solvency metrics: 39% Total Debt/Equity and 6.5 Operating Income/Interest Expenses.
DHT Holdings: After Q2 Results, We Maintain Our Buy Stance
DHT's Q2 earnings per share was in line with Q1. Financial leverage of only 18% of vessels' market values. Their TTM dividend yield is 9%.
DHT Holdings (DHT) Q2 Earnings and Revenues Lag Estimates
DHT Holdings (DHT) came out with quarterly earnings of $0.27 per share, missing the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.35 per share a year ago.
Analysts Estimate DHT Holdings (DHT) to Report a Decline in Earnings: What to Look Out for
DHT Holdings (DHT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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DHT Holdings, Inc. (NYSE:DHT) Shares Acquired by National Bank of Canada FI
National Bank of Canada FI raised its holdings in shares of DHT Holdings, Inc. (NYSE:DHT – Free Report) by 150.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,000 shares of the shipping company’s stock after acquiring an additional 3,000 shares during the period. National Bank of Canada FI’s holdings in DHT were worth $50,000 at the end of the most recent quarter. Several other institutional investors and hedge funds have also bought and sold shares of DHT. McIlrath & Eck LLC purchased a new position in shares of DHT during the 3rd quarter valued at approximately $52,000. Allspring Global Investments Holdings LLC increased its holdings in shares of DHT by 45.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,178 shares of the shipping company’s stock valued at $95,000 after purchasing an additional 2,882 shares in the last quarter. Granite Bay Wealth Management LLC purchased a new position in shares of DHT during the 4th quarter valued at approximately $111,000. Raymond James & Associates purchased a new position in shares of DHT during the 4th quarter valued at approximately $128,000. Finally, Gallacher Capital Management LLC purchased a new position in shares of DHT during the 3rd quarter valued at approximately $186,000. 58.53% of the stock is currently owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth Several equities analysts have recently weighed in on the stock. Jefferies Financial Group raised shares of DHT from a “hold” rating to a “buy” rating and lifted their target price for the company from $11.00 to $14.00 in a report on Thursday, March 21st. Truist Financial boosted their price target on shares of DHT from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Stifel Nicolaus restated a “hold” rating and set a $12.00 price objective on shares of DHT in a research report on Wednesday, May 15th. Finally, TheStreet upgraded shares of DHT from a “c+” rating to a “b-” rating in a research report on Tuesday, February 6th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $14.33. Read Our Latest Analysis on DHT DHT Stock Down 1.2 % NYSE DHT opened at $12.49 on Monday. The business has a fifty day moving average price of $11.51 and a 200 day moving average price of $10.90. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.94 and a current ratio of 3.54. The company has a market cap of $2.02 billion, a P/E ratio of 11.90 and a beta of -0.34. DHT Holdings, Inc. has a one year low of $7.60 and a one year high of $12.67. DHT (NYSE:DHT – Get Free Report) last posted its quarterly earnings results on Tuesday, May 14th. The shipping company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.02). The business had revenue of $106.30 million during the quarter, compared to analysts’ expectations of $106.87 million. DHT had a return on equity of 16.36% and a net margin of 29.58%. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 earnings per share. Research analysts anticipate that DHT Holdings, Inc. will post 1.49 EPS for the current fiscal year. DHT Increases Dividend The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 24th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 9.29%. The ex-dividend date of this dividend is Thursday, May 23rd. This is a boost from DHT’s previous quarterly dividend of $0.22. DHT’s dividend payout ratio (DPR) is currently 83.81%. DHT Company Profile (Free Report) 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.
