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DHT Holdings (DHT)
NYSE:DHT
Holding DHT?
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.22Last Year’s EPS
$0.22Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: -9.91%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Positive
DHT Holdings' Q3 2024 earnings call highlighted strong financial performance, robust liquidity, and a consistent dividend policy despite current soft market conditions and economic uncertainties in China. The company remains optimistic about future market improvements and continues to focus on strategic capital allocation.Company Guidance
During the Q3 2024 earnings call for DHT Holdings, the company provided detailed guidance on its financial health, performance metrics, and future expectations. The balance sheet remains robust with a financial leverage of 17.6%, net debt per vessel at $13.9 million, and total liquidity of $264 million. The company achieved revenue on a TCE basis of $92.6 million and EBITDA of $70.4 million, resulting in a net income of $35.2 million, or $0.22 per share. The average TCE for spot market vessels was $43,700 per day, with vessels under 15 years earning $47,600 per day. DHT announced a quarterly cash dividend of $0.22 per share, aligning with its policy to distribute 100% of ordinary net income, marking the 59th consecutive dividend. Looking ahead, the company estimates a P&L breakeven rate of $26,500 per day for 2025, with a cash breakeven of $20,000 per day. The company also addressed potential impacts from geopolitical events, such as changes in Iranian sanctions and the Russia-Ukraine conflict, which could influence future market dynamics.Strong Financial Performance
DHT Holdings reported a net income of $35.2 million for Q3 2024, equal to $0.22 per share, with revenues on a TCE basis of $92.6 million and EBITDA of $70.4 million.
Robust Liquidity and Low Leverage
The company ended Q3 2024 with total liquidity of $264 million and a financial leverage of 17.6%.
Consistent Dividend Policy
DHT announced a quarterly cash dividend of $0.22 per share, marking the 59th consecutive quarterly cash dividend.
Positive Market Outlook
DHT expects improving rates for its fleet with bookings for Q4 2024 showing improved rates compared to previous updates.
Strategic Capital Allocation
DHT continues to invest in its fleet and maintain a solid balance sheet with a clear capital allocation policy.
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DHT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DHT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $9.93 | $10.47 | +5.44% |
| Aug 12, 2024 | $10.62 | $10.26 | -3.39% |
| May 14, 2024 | $11.39 | $11.44 | +0.44% |
| Feb 06, 2024 | $9.61 | $10.06 | +4.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does DHT Holdings (DHT) report earnings?
DHT Holdings (DHT) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is DHT Holdings (DHT) earnings time?
DHT Holdings (DHT) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DHT EPS forecast?
DHT EPS forecast for the fiscal quarter 2024 (Q4) is $0.22.
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