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S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Lithium Overdose: Can These 2 Lithium Stocks Recover in 2024?
'Civil War’ continues box-office campaign at No. 1
Wegovy vs. Zepbound: Who Wins the Battle of the GLP-1 Drugs?
Intuitive Surgical Leads the Robotic Surgery Movement
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Stock market today: World shares shrug off Wall St blues as investors eye corporate earnings
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Lithium Overdose: Can These 2 Lithium Stocks Recover in 2024?
'Civil War’ continues box-office campaign at No. 1
Wegovy vs. Zepbound: Who Wins the Battle of the GLP-1 Drugs?
Intuitive Surgical Leads the Robotic Surgery Movement
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Stock market today: World shares shrug off Wall St blues as investors eye corporate earnings
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Lithium Overdose: Can These 2 Lithium Stocks Recover in 2024?
'Civil War’ continues box-office campaign at No. 1
Wegovy vs. Zepbound: Who Wins the Battle of the GLP-1 Drugs?
Intuitive Surgical Leads the Robotic Surgery Movement
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Stock market today: World shares shrug off Wall St blues as investors eye corporate earnings
NYSE:DAC

Danaos (DAC) Stock Price, News & Analysis

$72.96
+1.00 (+1.39%)
(As of 04/19/2024 08:50 PM ET)
Today's Range
$71.85
$72.97
50-Day Range
$69.63
$76.06
52-Week Range
$53.89
$80.39
Volume
86,400 shs
Average Volume
103,555 shs
Market Capitalization
$1.42 billion
P/E Ratio
2.52
Dividend Yield
4.39%
Price Target
$90.00

Danaos MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
23.4% Upside
$90.00 Price Target
Short Interest
Bearish
5.20% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.29mentions of Danaos in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-16.53%
From $31.33 to $26.15 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.76 out of 5 stars

Transportation Sector

73rd out of 110 stocks

Deep Sea Foreign Transportation Of Freight Industry

20th out of 26 stocks

DAC stock logo

About Danaos Stock (NYSE:DAC)

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. 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.

DAC Stock Price History

DAC Stock News Headlines

Head-To-Head Analysis: Toro (NASDAQ:TORO) vs. Danaos (NYSE:DAC)
Head to Head Survey: Danaos (NYSE:DAC) vs. C3is (NASDAQ:CISS)
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Danaos (DAC) Stock Moves -0.15%: What You Should Know
DAC Oct 2024 75.000 call
This Apple-like Innovator is Revolutionizing Healthcare
AI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing. Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.
Euroseas: Dividend Growth, But Debt Surge Looms
Danaos Corporation (DAC) Q4 2023 Earnings Call Transcript
Should Value Investors Buy Danaos (DAC) Stock?
Danaos Full Year 2023 Earnings: Revenues Disappoint
Danaos: Q4 Earnings Snapshot
Danaos: Q4 Earnings Insights
Danaos's Earnings: A Preview
See More Headlines
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Company Calendar

Last Earnings
2/13/2024
Ex-Dividend for 3/14 Dividend
2/27/2024
Dividend Payable
3/14/2024
Today
4/22/2024
Next Earnings (Estimated)
5/20/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Employees
1,718
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$90.00
High Stock Price Target
$90.00
Low Stock Price Target
$90.00
Potential Upside/Downside
+23.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$576.30 million
Pretax Margin
59.19%

Debt

Sales & Book Value

Annual Sales
$973.58 million
Cash Flow
$34.42 per share
Book Value
$148.22 per share

Miscellaneous

Free Float
11,457,000
Market Cap
$1.42 billion
Optionable
Optionable
Beta
1.30
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DAC Stock Analysis - Frequently Asked Questions

Should I buy or sell Danaos stock right now?

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

What is Danaos' stock price target for 2024?

1 Wall Street research analysts have issued 1 year price objectives for Danaos' shares. Their DAC share price targets range from $90.00 to $90.00. On average, they predict the company's share price to reach $90.00 in the next year. This suggests a possible upside of 23.4% from the stock's current price.
View analysts price targets for DAC
or view top-rated stocks among Wall Street analysts.

How have DAC shares performed in 2024?

Danaos' stock was trading at $74.06 on January 1st, 2024. Since then, DAC shares have decreased by 1.5% and is now trading at $72.96.
View the best growth stocks for 2024 here
.

When is Danaos' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 20th 2024.
View our DAC earnings forecast
.

How were Danaos' earnings last quarter?

Danaos Co. (NYSE:DAC) released its quarterly earnings data on Tuesday, February, 13th. The shipping company reported $6.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $7.70 by $0.71. The shipping company had revenue of $249.32 million for the quarter, compared to analyst estimates of $254.37 million. Danaos had a trailing twelve-month return on equity of 19.94% and a net margin of 59.19%.

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

Danaos announced a quarterly dividend on Tuesday, February 13th. Investors of record on Wednesday, February 28th will be paid a dividend of $0.80 per share on Thursday, March 14th. This represents a $3.20 annualized dividend and a dividend yield of 4.39%. The ex-dividend date is Tuesday, February 27th.
Read our dividend analysis for DAC
.

Is Danaos a good dividend stock?

Danaos (NYSE:DAC) pays an annual dividend of $3.20 per share and currently has a dividend yield of 4.39%. DAC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 11.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DAC will have a dividend payout ratio of 12.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DAC.

What ETF holds Danaos' stock?

SonicShares Global Shipping ETF holds 9,049 shares of DAC stock, representing 1.49% of its portfolio.

What is John Coustas' approval rating as Danaos' CEO?

4 employees have rated Danaos Chief Executive Officer John Coustas on Glassdoor.com. John Coustas has an approval rating of 100% among the company's 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).

Who are Danaos' major shareholders?

Danaos' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include DGS Capital Management LLC (0.08%).
View institutional ownership trends
.

How do I buy shares of Danaos?

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

This page (NYSE:DAC) was last updated on 4/22/2024 by MarketBeat.com Staff

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