Danaos (DAC) to Release Earnings on Tuesday

Danaos (NYSE:DAC - Get Free Report) is expected to issue its Q1 2025 quarterly earnings data after the market closes on Tuesday, May 13th. Analysts expect the company to announce earnings of $6.33 per share and revenue of $242.00 million for the quarter.

Danaos (NYSE:DAC - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The shipping company reported $6.50 earnings per share for the quarter, missing the consensus estimate of $6.52 by ($0.02). Danaos had a return on equity of 16.03% and a net margin of 49.81%. On average, analysts expect Danaos to post $29 EPS for the current fiscal year and $28 EPS for the next fiscal year.

Danaos Trading Down 0.4%

Danaos stock traded down $0.37 during midday trading on Friday, reaching $83.21. The stock had a trading volume of 45,070 shares, compared to its average volume of 109,060. The firm's fifty day simple moving average is $78.10 and its two-hundred day simple moving average is $79.79. Danaos has a twelve month low of $65.40 and a twelve month high of $98.25. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.93 and a quick ratio of 3.78. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 3.21 and a beta of 1.34.

Danaos Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend was Monday, February 24th. Danaos's payout ratio is presently 13.12%.

Danaos declared that its board has approved a stock repurchase plan on Monday, April 14th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the shipping company to purchase up to 6.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

DAC has been the subject of several recent research reports. Jefferies Financial Group reissued a "buy" rating and issued a $105.00 target price on shares of Danaos in a research report on Tuesday, February 11th. StockNews.com raised shares of Danaos from a "hold" rating to a "buy" rating in a research report on Tuesday, May 6th.

About Danaos

Danaos Corporation, together with its subsidiaries, provides container and drybulk vessels services in Australia, Asia, and Europe. The company offers seaborne transportation services by operating vessels in the containership and drybulk sectors of the shipping industry. As of April 03, 2024, it had a fleet of 68 containerships aggregating 421,293 twenty-foot equivalent units in capacity.