DHT Holdings Inc (DHT) Releases Earnings Results, Beats Expectations By $0.04 EPS

DHT Holdings Inc (DHT) reported quarterly earnings results on Tuesday, Aug-9-2016. The company said it had a profit of $0.34 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.30. The company posted revenue of $83.20 million in the period, compared to analysts expectations of $82.03 million. The company’s revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

DHT Holdings Inc closed down -0.01 points or -0.20% at $4.87 with 23,17,946 shares getting traded on Monday. Post opening the session at $4.88, the shares hit an intraday low of $4.8538 and an intraday high of $4.97 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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