DHT Holdings Set to Report Strong Earnings Growth in Q3

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DHT ($NYSE:DHT) Holdings Inc. (NYSE: DHT) is set to report its third quarter earnings on Wednesday, and investors should prepare for strong growth. DHT Holdings is a leading provider of crude oil tankers, owning and operating one of the world’s largest fleets of VLCCs (Very Large Crude Carriers) and Suezmaxes. The combination of reduced supply and increased demand has driven up rates for tanker shipping, which has translated into increased revenue for DHT Holdings. The company has also benefited from its successful cost-cutting initiatives, which have helped to offset rising fuel costs. The company has been able to successfully reduce expenses by leveraging its size and scale to access better fuel purchasing terms, which has resulted in improved profitability.

Overall, investors should expect a strong performance from DHT Holdings when the company reports its third quarter earnings on Wednesday. With the continued growth in tanker rates and the cost reduction initiatives that are now underway, DHT Holdings is well-positioned to continue its winning streak of record earnings.

Earnings

In the most recent earnings report as of June 30 2021, DHT Holdings earned 65.94M USD in total revenue, and 0.8M USD in net income. This marked a significant decrease from the prior year, with a 34.0% decrease in total revenue and a 91.8% decrease in net income. Nevertheless, DHT Holdings’ total revenue has increased steadily over the past three years, reaching 153.05M USD. As such, strong earnings growth is expected to be reported for the third quarter of FY2023.

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Dht Holdings. More…

Key Ratios Snapshot

Some of the financial key ratios for Dht Holdings are shown below. More…

Price History

According to recent reports, the company’s stock opened at $11.2 on Monday and closed at $11.1, a slight decrease of 0.2% from the previous closing price. Analysts expect the company to demonstrate significant earnings growth in Q3, driven by a combination of increased demand for their services, operational efficiency improvements, and strategic investments into new technologies. The company has made a number of positive changes to its operations over the past several quarters, including cost-cutting initiatives and introducing innovative products to the market.

They have also been investing heavily in research and development, which should help to further improve their competitive advantage in the industry. With the addition of these strategies, DHT HOLDINGS is well-positioned to continue its strong growth trajectory in the upcoming quarter. Live Quote…

Analysis

GoodWhale has conducted an analysis of DHT HOLDINGS‘ financials, and has determined that the company has a high health score of 8/10 with regard to its cashflows and debt, indicating that it is capable to sustain future operations in times of crisis. By categorizing the company as a ‘cow’, we conclude that DHT HOLDINGS has the track record of paying out consistent and sustainable dividends. This makes DHT HOLDINGS an attractive option for investors who are looking for strong dividend yields and who are interested in long-term investments. Although the company is strong in dividend, it is rated only medium in asset growth, profitability, and other metrics. 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

Investors are expecting strong growth from DHT Holdings as it is set to report its third quarter earnings soon. Analysts are predicting increased revenue and higher earnings compared to the same period last year. The company’s performance in the last quarter has been strong due to improvements in ship charter rates and an increase in tanker demand. Investors should look for a positive outlook from the company, with potential upside from the higher charter rates and increased demand.

They should also watch for any news about the company’s plans to acquire other businesses or enter new geographical markets. With strong fundamentals and a positive outlook, DHT Holdings looks like an attractive investment opportunity.