DHT HOLDINGS Reports FY2023 Q2 Earnings on August 9th
August 11, 2023
🌥️Earnings Overview
On August 9 2023, DHT HOLDINGS ($NYSE:DHT) reported their earnings for FY2023 Q2, which had ended on June 30 2023. Total revenue for the period was USD 153.1 million, a remarkable 53.2% increase from Q2 in FY2022. Additionally, their net income jumped to USD 57.1 million, a significant leap from the 9.7 million USD earned in the same period last year.
Stock Price
The company’s stock opened at $9.9 and closed at $9.7, which is a 0.6% decrease from the previous closing price of $9.8. The company is expected to provide an update on their strategic initiatives for the year, such as new product launches, customer acquisitions, and market expansions.
Additionally, investors are eager to hear their outlook for the future and their plans for growth in the upcoming quarters. Investors are also expecting DHT HOLDINGS to comment on any additional share repurchase programs or dividend raises, which should provide insight into the company’s financial health and strategy going forward. With the upcoming earnings report, investors will gain valuable insight into the success of DHT HOLDINGS’ operations and its potential for future growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Dht Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 563.45 | 164.29 | 27.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Dht Holdings. More…
| Operations | Investing | Financing |
| 249.16 | -0.04 | -224.51 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Dht Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.49k | 428.31 | 6.49 |
Key Ratios Snapshot
Some of the financial key ratios for Dht Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -9.3% | -18.5% | 34.3% |
| FCF Margin | ROE | ROA |
| 37.8% | 11.5% | 8.1% |
Analysis
At GoodWhale, we have conducted an extensive analysis of DHT HOLDINGS‘ wellbeing and have categorized them as a medium risk investment. This means that while there are some potential financial and business risks associated with the company, it is generally seen as a safe and reliable investment. We have identified two risk warnings in DHT HOLDINGS’ income sheet and balance sheet. This means that certain aspects of their financials are concerning and could potentially have a negative impact on their future performance. As such, investors should be aware of these warnings before investing. By becoming a registered user, you can access our full analysis of DHT HOLDINGS and view these risk warnings. We believe this is an important step to ensure that any investment you make is secure and reliable. More…
Peers
DHT Holdings, Inc. is an American crude tanker company. The company is headquartered in Hamilton, Bermuda, and has offices in the United States, Norway, and Singapore. DHT’s common shares trade on the New York Stock Exchange (NYSE) under the ticker symbol “DHT.” DHT’s competitors include International Seaways Inc, S-Oil Corp, and Euronav NV.
– International Seaways Inc ($NYSE:INSW)
As of 2022, International Seaways Inc has a market cap of 2.13B and a Return on Equity of 9.23%. The company is engaged in the ocean transportation of crude oil and petroleum products.
– S-Oil Corp ($KOSE:010950)
S-Oil Corp is a South Korean oil refining and marketing company with a market cap of 10.31T as of 2022. The company has a Return on Equity of 29.86%. S-Oil Corp is involved in the exploration, development, production, and marketing of crude oil and natural gas.
– Euronav NV ($NYSE:EURN)
Euronav NV is a Belgium-based seaborne transportation company engaged in the ocean transportation and storage of crude oil and petroleum products. The Company operates a modern fleet of Very Large Crude Carriers (VLCCs), which are double-hulled tankers used to transport crude oil and other petroleum products, and Ultra Large Crude Carriers (ULCCs), which are the largest tankers in the world. Euronav NV has a market cap of 3.72B as of 2022 and a Return on Equity of -1.25%. The company is engaged in the ocean transportation and storage of crude oil and petroleum products.
Summary
DHT HOLDINGS showed stellar results for the second quarter of FY2023, with total revenue increasing by 53.2% and net income soaring to $57.1 million. Investors should be encouraged by the company’s impressive performance as revenue and income metrics are indicators of future growth potential. Analysts are encouraged to monitor the company’s future performance and watch for potential catalysts for continued growth. Additionally, investors should look for changes in management and other operations to further understand the sustainability of such strong returns.
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