Danaos (NYSE:DAC) Stock Passes Above 200 Day Moving Average - Here's Why

Key Points

• Danaos stock passed above its 200-day moving average, trading as high as $112.58 versus a 200‑day MA of $96.60 and last around $112.10 on roughly 90,000 shares traded.
• The company reported a strong quarter—EPS $7.14 beat the $6.46 estimate and revenue was $266.3M vs. $253M—and analysts maintain a consensus Buy rating with an average target of $105.00.
• Danaos pays a $0.90 quarterly dividend (annualized $3.60) for a yield of about 3.2%, and trades at an attractive valuation with a market cap of $2.04 billion and a P/E of 4.19.

Danaos Corporation (NYSE:DAC - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $96.60 and traded as high as $112.58. Danaos shares last traded at $112.1040, with a volume of 90,009 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "buy (b)" rating on shares of Danaos in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, Danaos has a consensus rating of "Buy" and an average target price of $105.00.

Danaos Price Performance

The firm has a market cap of $2.04 billion, a P/E ratio of 4.19 and a beta of 0.98. The company has a current ratio of 3.28, a quick ratio of 3.23 and a debt-to-equity ratio of 0.23. The firm has a 50-day simple moving average of $104.16 and a 200-day simple moving average of $96.60.

Danaos (NYSE:DAC - Get Free Report) last posted its earnings results on Monday, February 9th. The shipping company reported $7.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.46 by $0.68. The company had revenue of $266.27 million for the quarter, compared to analyst estimates of $253.00 million. Danaos had a return on equity of 13.31% and a net margin of 47.45%. As a group, analysts forecast that Danaos Corporation will post 29.21 EPS for the current year.

Danaos Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, February 23rd were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Monday, February 23rd. Danaos's payout ratio is currently 13.44%.

Institutional Trading of Danaos

A number of institutional investors have recently made changes to their positions in the business. Ion Asset Management Ltd. boosted its holdings in Danaos by 15.5% in the second quarter. Ion Asset Management Ltd. now owns 654,308 shares of the shipping company's stock worth $56,428,000 after acquiring an additional 87,614 shares in the last quarter. ION Fund Management Ltd acquired a new position in shares of Danaos during the fourth quarter valued at about $39,538,000. Millennium Management LLC raised its position in shares of Danaos by 161.8% in the 3rd quarter. Millennium Management LLC now owns 133,401 shares of the shipping company's stock valued at $11,981,000 after purchasing an additional 82,450 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Danaos by 13.8% in the 4th quarter. JPMorgan Chase & Co. now owns 111,750 shares of the shipping company's stock valued at $10,525,000 after purchasing an additional 13,571 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Danaos by 58.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 106,089 shares of the shipping company's stock worth $9,991,000 after purchasing an additional 38,958 shares in the last quarter. Institutional investors and hedge funds own 19.01% of the company's stock.

About Danaos

Danaos Corporation is a leading independent owner and manager of containerships, specializing in long-term charters of modern vessels to major liner companies worldwide. The company's core services include vessel acquisition and sale, technical and crew management, and commercial chartering, all aimed at supporting global containerized trade. Danaos leverages its in-house expertise in operations, maintenance and regulatory compliance to ensure reliable and efficient fleet performance.

Founded in 1972 by Dr.

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