DHT Holdings Inc (DHT) Releases Earnings Results, Misses Expectations By $-0.07 EPS

DHT Holdings Inc (DHT) reported quarterly earnings results on Monday, May-2-2016. The company reported $0.30 earnings per share for the quarter, missing the analyst consensus estimate by $-0.07. Analysts had a consensus of $0.37. The company posted revenue of $90.20 million in the period, compared to analysts expectations of $87.08 million. The company’s revenue was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.

DHT Holdings Inc opened for trading at $5.97 and hit $6.02 on the upside on Wednesday, eventually ending the session at $5.95, with a gain of 0.68% or 0.04 points. The heightened volatility saw the trading volume jump to 20,89,081 shares. Company has a market cap of $558 M.

DHT Holdings Inc. (DHT) is engaged in the ownership and operation of a fleet of crude oil carriers. The Company’s fleet consists of eighteen crude oil tankers in operation of which all are wholly owned by the Company. The fleet in operation consists of 14 very large crude carriers (VLCCs) which are tankers ranging in size from 200000 to 320000 deadweight tons (dwt); two Suezmax tankers (Suezmaxes) which are tankers ranging in size from 130000 to 170000 dwt and two Aframax tankers (Aframaxes) which are tankers ranging in size from 80000 to 120000 dwt. Nine of its eighteen vessels in operation are on charters for periods of up to six and half years of which eight vessels are on fixed rate charter and one vessel is on a charter with earnings related to an index.

DHT Holdings Inc

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