S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
NYSE:DAC

Danaos (DAC) Stock Forecast, Price & News

$81.63
+2.95 (+3.75%)
(As of 05/20/2022 12:00 AM ET)
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Today's Range
$78.20
$81.93
50-Day Range
$74.50
$106.64
52-Week Range
$58.00
$107.47
Volume
520,580 shs
Average Volume
470,197 shs
Market Capitalization
$1.69 billion
P/E Ratio
1.55
Dividend Yield
3.81%
Beta
1.46
30 days | 90 days | 365 days | Advanced Chart
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Danaos logo

About Danaos

Danaos Corporation, together with its subsidiaries, owns and operates containerships in Australia, Asia, Europe, and the United States. The company offers seaborne transportation services, such as chartering its vessels to liner companies. As of February 28, 2022, it had a fleet of 71 containerships aggregating 436,589 twenty-foot equivalent units in capacity. The company was formerly known as Danaos Holdings Limited and changed its name to Danaos Corporation in October 2005. Danaos Corporation was founded in 1963 and is based in Piraeus, Greece.

Headlines

See More Headlines

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Employees
1,715
Year Founded
N/A

Sales & Book Value

Annual Sales
$689.51 million
Cash Flow
$24.08 per share
Book Value
$116.09 per share

Profitability

Net Income
$1.05 billion
Pretax Margin
140.44%

Debt

Price-To-Earnings

Miscellaneous

Free Float
N/A
Market Cap
$1.69 billion
Optionable
Not Optionable

Company Calendar

Ex-Dividend for 2/28 Dividend
2/16/2022
Dividend Payable
2/28/2022
Last Earnings
5/16/2022
Today
5/22/2022
Ex-Dividend for 6/8 Dividend
5/26/2022
Dividend Payable
6/08/2022
Next Earnings (Estimated)
8/01/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

2.74 out of 5 stars

Transportation Sector

24th out of 168 stocks

Deep Sea Foreign Transportation Of Freight Industry

6th out of 45 stocks

Analyst Opinion: 3.3Community Rank: 3.6Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -













Danaos (NYSE:DAC) Frequently Asked Questions

Is Danaos a buy right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Danaos in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Danaos stock.
View analyst ratings for Danaos
or view top-rated stocks.

Are investors shorting Danaos?

Danaos saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 721,300 shares, an increase of 42.9% from the April 15th total of 504,800 shares. Based on an average daily trading volume, of 477,700 shares, the days-to-cover ratio is presently 1.5 days. Currently, 6.9% of the shares of the stock are short sold.
View Danaos' Short Interest
.

When is Danaos' next earnings date?

Danaos is scheduled to release its next quarterly earnings announcement on Monday, August 1st 2022.
View our earnings forecast for Danaos
.

How were Danaos' earnings last quarter?

Danaos Co. (NYSE:DAC) issued its earnings results on Monday, May, 16th. The shipping company reported $11.36 EPS for the quarter, beating analysts' consensus estimates of $6.11 by $5.25. The shipping company had revenue of $229.90 million for the quarter, compared to analyst estimates of $212.86 million. Danaos had a net margin of 138.14% and a trailing twelve-month return on equity of 26.55%. During the same period in the previous year, the company posted $2.63 EPS.
View Danaos' earnings history
.

How often does Danaos pay dividends? What is the dividend yield for Danaos?

Danaos announced a quarterly dividend on Monday, May 16th. Shareholders of record on Friday, May 27th will be paid a dividend of $0.75 per share on Wednesday, June 8th. This represents a $3.00 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date is Thursday, May 26th.
View Danaos' dividend history
.

Is Danaos a good dividend stock?

Danaos pays an annual dividend of $3.00 per share and currently has a dividend yield of 3.81%. Danaos does not yet have a strong track record of dividend growth. The dividend payout ratio of Danaos is 5.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Danaos will have a dividend payout ratio of 10.49% next year. This indicates that Danaos will be able to sustain or increase its dividend.
View Danaos' dividend history.

What price target have analysts set for DAC?

2 brokerages have issued 1-year target prices for Danaos' shares. Their forecasts range from $90.00 to $125.00. On average, they anticipate Danaos' share price to reach $107.50 in the next year. This suggests a possible upside of 31.7% from the stock's current price.
View analysts' price targets for Danaos
or view top-rated stocks among Wall Street analysts.

Who are Danaos' key executives?
Danaos' management team includes the following people:
  • Dr. John Coustas, Chairman, Pres & CEO (Age 66)
  • Mr. Evangelos Chatzis, CFO & Sec. (Age 49)
  • Mr. Iraklis Prokopakis, Sr. VP, COO, Treasurer & Director (Age 71)
  • Mr. Dimitris Vastarouchas, Deputy Chief Operating Officer (Age 54)
What is John Coustas' approval rating as Danaos' CEO?

4 employees have rated Danaos CEO John Coustas on Glassdoor.com. John Coustas has an approval rating of 100% among Danaos' employees. This puts John Coustas in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Danaos own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Danaos investors own include NVIDIA (NVDA), Energy Transfer (ET), New Residential Investment (NRZ), Capital Product Partners (CPLP), New York Mortgage Trust (NYMT), AT&T (T), Enbridge (ENB), Pfizer (PFE), AbbVie (ABBV) and Preferred Apartment Communities (APTS).

What is Danaos' stock symbol?

Danaos trades on the New York Stock Exchange (NYSE) under the ticker symbol "DAC."

Who are Danaos' major shareholders?

Danaos' stock is owned by many different retail and institutional investors. Top institutional investors include Arrowstreet Capital Limited Partnership (1.74%), Jane Street Group LLC (0.00%), PEAK6 Investments LLC (0.00%), Acadian Asset Management LLC (0.98%), Dorsey Wright & Associates (0.53%) and State Street Corp (0.45%).

Which major investors are selling Danaos stock?

DAC stock was sold by a variety of institutional investors in the last quarter, including Mackenzie Financial Corp, Lonestar Capital Management LLC, Advisor Group Holdings Inc., Invesco Ltd., GSA Capital Partners LLP, BlackRock Inc., HAP Trading LLC, and Dorsey Wright & Associates.

Which major investors are buying Danaos stock?

DAC stock was acquired by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Walleye Trading LLC, Jane Street Group LLC, Renaissance Technologies LLC, Simplex Trading LLC, Allianz Asset Management GmbH, Group One Trading L.P., and Cutler Group LP.

How do I buy shares of Danaos?

Shares of DAC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Danaos' stock price today?

One share of DAC stock can currently be purchased for approximately $81.63.

How much money does Danaos make?

Danaos has a market capitalization of $1.69 billion and generates $689.51 million in revenue each year. The shipping company earns $1.05 billion in net income (profit) each year or $52.699990 on an earnings per share basis.

How many employees does Danaos have?

Danaos employs 1,715 workers across the globe.

What is Danaos' official website?

The official website for Danaos is www.danaos.com.

How can I contact Danaos?

Danaos' mailing address is 14 AKTI KONDYLI, Piraeus J3, 185 45. The shipping company can be reached via phone at 302104196480, via email at [email protected], or via fax at 30 210 419 6480.

This page was last updated on 5/22/2022 by MarketBeat.com Staff

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