DHT Holdings Inc reports results for the quarter ended June 30 - Earnings Summary

• DHT Holdings Inc DHT.N reported quarterly adjusted earnings of 24 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 27 cents. The mean expectation of seven analysts for the quarter was for earnings of 25 cents per share. Wall Street expected results to range from 23 cents to 26 cents per share.

• Revenue fell 10.5% to $92.82 million from a year ago; analysts expected $94.31 million.

• DHT Holdings Inc's reported EPS for the quarter was 35 cents​.

• The company reported quarterly net income of $56.1 million.

• DHT Holdings Inc shares had risen by 8.7% this quarter and gained 26.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.3% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil & gas transportation services peer group is also "buy"

• Wall Street's median 12-month price target for DHT Holdings Inc is $14.00, about 17.6% above its last closing price of $11.53

This summary was machine generated from LSEG data August 7 at 02:21 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)