NYSE:DAC Danaos (DAC) Stock Forecast, Price & News $62.94 +2.25 (+3.71%) (As of 06/6/2023 ET) Add Compare Share Share Today's Range$60.49▼$63.5650-Day Range$53.65▼$62.9452-Week Range$51.10▼$82.08Volume154,459 shsAverage Volume148,089 shsMarket Capitalization$1.28 billionP/E Ratio3.42Dividend Yield4.77%Price Target$72.50 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Danaos MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside15.2% Upside$72.50 Price TargetShort InterestBearish6.19% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.89Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth-1.11%From $28.84 to $28.52 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.34 out of 5 starsTransportation Sector46th out of 117 stocksDeep Sea Foreign Transportation Of Freight Industry14th out of 29 stocks 2.5 Analyst's Opinion Consensus RatingDanaos has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $72.50, Danaos has a forecasted upside of 15.2% from its current price of $62.94.Amount of Analyst CoverageDanaos has received no research coverage in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted6.19% of the float of Danaos has been sold short.Short Interest Ratio / Days to CoverDanaos has a short interest ratio ("days to cover") of 4.8.Change versus previous monthShort interest in Danaos has recently increased by 3.51%, indicating that investor sentiment is decreasing. Previous Next 3.3 Dividend Strength Dividend LeadershipDanaos is a leading dividend payer. It pays a dividend yield of 4.92%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthDanaos has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Danaos is 16.30%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Danaos will have a dividend payout ratio of 10.52% next year. This indicates that Danaos will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for DAC. Previous Next 3.8 News and Social Media Coverage News SentimentDanaos has a news sentiment score of 0.89. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Danaos this week, compared to 2 articles on an average week.Search Interest13 people have searched for DAC on MarketBeat in the last 30 days. This is an increase of 333% compared to the previous 30 days.MarketBeat Follows6 people have added Danaos to their MarketBeat watchlist in the last 30 days. This is an increase of 500% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Danaos insiders have not sold or bought any company stock.Percentage Held by Insiders41.00% of the stock of Danaos is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 19.41% of the stock of Danaos is held by institutions. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Danaos are expected to decrease by -1.11% in the coming year, from $28.84 to $28.52 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Danaos is 3.42, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.53.Price to Earnings Ratio vs. SectorThe P/E ratio of Danaos is 3.42, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 26.75.Price to Book Value per Share RatioDanaos has a P/B Ratio of 0.50. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Danaos (NYSE:DAC) StockDanaos Corp. engages in the provision of marine and seaborne transportation services. It offers services by operating vessels in the containership sector of the shipping industry. The company was founded by Dimitris Coustas in 1972 and is headquartered in Piraeus, Greece.Read More Receive DAC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Danaos and its competitors with MarketBeat's FREE daily newsletter. Email Address DAC Stock News HeadlinesMay 17, 2023 | marketbeat.comHigh-Yield Danaos Corporation Is About To Set Sail Danaos Corporation is a high-yielding shipping company with growth on the table and share repurchases to compound the capital returns.June 6, 2023 | finance.yahoo.comDanaos (DAC) Just Flashed Golden Cross Signal: Do You Buy?June 6, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...June 4, 2023 | americanbankingnews.comDanaos (NYSE:DAC) Lowered to "Buy" at StockNews.comJune 1, 2023 | finance.yahoo.com3 Transportation Stocks Move Up Over 10% YTD With More UpsideMay 27, 2023 | americanbankingnews.comDanaos (NYSE:DAC) Upgraded to Strong-Buy at StockNews.comMay 23, 2023 | americanbankingnews.comDanaos Co. (DAC) to Issue Quarterly Dividend of $0.75 on June 7thMay 22, 2023 | msn.comWednesday Is Your Last Chance To Buy Danaos Before The Dividend PayoutJune 6, 2023 | Stansberry Research (Ad)The gold catalyst we've waited forBecause even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.May 21, 2023 | americanbankingnews.comDanaos (NYSE:DAC) Coverage Initiated at StockNews.comMay 19, 2023 | finance.yahoo.comDanaos (NYSE:DAC) Is Paying Out A Dividend Of $0.75May 19, 2023 | seekingalpha.comDanaos: Are Stock Buybacks Finally Coming?May 18, 2023 | americanbankingnews.comDanaos (NYSE:DAC) Shares Gap Up Following Dividend AnnouncementMay 17, 2023 | seekingalpha.comDanaos Stock: Time To Buy This Cash Flow Monster AgainMay 17, 2023 | seekingalpha.comDanaos Corporation: Strong Revenue Visibility Through 2028May 17, 2023 | msn.comHigh-Yield Danaos Corporation Is About To Set SailMay 17, 2023 | msn.comDanaos (DAC) Declares $0.75 DividendMay 17, 2023 | msn.comJefferies Reiterates Danaos (DAC) Buy RecommendationMay 16, 2023 | investing.comDanaos (DAC) Earnings Dates & ReportsMay 16, 2023 | msn.comDanaos declares $0.75 dividendMay 15, 2023 | msn.comDanaos COO Iraklis Prokopakis to retire in Q4May 15, 2023 | msn.comRecap: Danaos Q1 EarningsMay 15, 2023 | msn.comDanaos: Q1 Earnings InsightsMay 15, 2023 | finance.yahoo.comDanaos Corporation Reports First Quarter Results for the Period Ended March 31, 2023May 15, 2023 | finance.yahoo.comDanaos Corporation Announces Retirement of Mr. Iraklis Prokopakis, Senior Vice President and Chief Operating Officer of Danaos CorporationMay 14, 2023 | americanbankingnews.comDanaos (DAC) Scheduled to Post Earnings on MondayMay 8, 2023 | finance.yahoo.comIs It Time To Consider Buying Danaos Corporation (NYSE:DAC)?See More Headlines DAC Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart DAC Company Calendar Last Earnings11/07/2021Ex-Dividend for 3/14 Dividend2/27/2023Dividend Payable3/14/2023Ex-Dividend for 6/7 Dividend5/25/2023Today6/06/2023Dividend Payable6/07/2023Next Earnings (Estimated)8/07/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Deep sea foreign transportation of freight Sub-IndustryN/A SectorTransportation Current SymbolNYSE:DAC CUSIPN/A CIK1369241 Webwww.danaos.com Phone302104196480Fax30 210 419 6480Employees1,558Year FoundedN/APrice Target and Rating Average Stock Price Forecast$72.50 High Stock Price Forecast$80.00 Low Stock Price Forecast$65.00 Forecasted Upside/Downside+15.2%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$18.41 Trailing P/E Ratio3.42 Forward P/E Ratio2.18 P/E GrowthN/ANet Income$559.21 million Net Margins37.13% Pretax Margin37.73% Return on Equity24.69% Return on Assets17.35% Debt Debt-to-Equity Ratio0.15 Current Ratio1.86 Quick Ratio1.80 Sales & Book Value Annual Sales$993.34 million Price / Sales1.29 Cash Flow$41.39 per share Price / Cash Flow1.52 Book Value$125.82 per share Price / Book0.50Miscellaneous Outstanding Shares20,350,000Free Float12,007,000Market Cap$1.28 billion OptionableNot Optionable Beta1.53 Key ExecutivesJohn CoustasChairman, President & Chief Executive OfficerIraklis ProkopakisCOO, Treasurer, Director & Senior Vice PresidentEvangelos ChatzisChief Financial Officer & SecretaryDimitris VastarouchasTechnical Director & Deputy COOKey CompetitorsSFLNYSE:SFLDHTNYSE:DHTNavigatorNYSE:NVGSCostamareNYSE:CMREDorian LPGNYSE:LPGView All CompetitorsInstitutional OwnershipPrelude Capital Management LLCBought 5,075 shares on 6/1/2023Ownership: 0.025%Toroso Investments LLCBought 3,872 shares on 5/23/2023Ownership: 0.019%JPMorgan Chase & Co.Bought 519 shares on 5/18/2023Ownership: 0.025%New York State Common Retirement FundBought 2,453 shares on 5/18/2023Ownership: 0.012%Thrivent Financial for LutheransBought 173 shares on 5/17/2023Ownership: 0.032%View All Institutional Transactions DAC Stock - Frequently Asked Questions Should I buy or sell Danaos stock right now? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Danaos in the last year. There are currently 2 buy ratings 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 forecast for 2023? 2 brokerages have issued 12-month price objectives for Danaos' shares. Their DAC share price forecasts range from $65.00 to $80.00. On average, they expect the company's stock price to reach $72.50 in the next twelve months. This suggests a possible upside of 15.2% 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 2023? Danaos' stock was trading at $52.66 at the beginning of 2023. Since then, DAC shares have increased by 19.5% and is now trading at $62.92. View the best growth stocks for 2023 here. When is Danaos' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023. View our DAC earnings forecast. How were Danaos' earnings last quarter? Danaos Co. (NYSE:DAC) issued its quarterly earnings data on Sunday, November, 7th. The shipping company reported $5.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.26 by $2.06. The shipping company had revenue of $195.92 million for the quarter, compared to analysts' expectations of $157.88 million. Danaos had a net margin of 37.13% and a trailing twelve-month return on equity of 24.69%. During the same period last year, the business posted $1.91 EPS. How often does Danaos pay dividends? What is the dividend yield for Danaos? Danaos declared a quarterly dividend on Monday, May 15th. Stockholders of record on Friday, May 26th will be paid a dividend of $0.75 per share on Wednesday, June 7th. This represents a $3.00 annualized dividend and a dividend yield of 4.77%. The ex-dividend date of this dividend is Thursday, May 25th. Read our dividend analysis for DAC. What ETFs hold Danaos' stock? ETFs with the largest weight of Danaos (NYSE:DAC) stock in their portfolio include SonicShares Global Shipping ETF (BOAT) and Invesco Zacks Multi-Asset Income ETF (CVY).Pacer Industrials and Logistics ETF (SHPP). Is Danaos a good dividend stock? Danaos (NYSE:DAC) pays an annual dividend of $3.00 per share and currently has a dividend yield of 4.92%. DAC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DAC will have a dividend payout ratio of 10.52% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for DAC. 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). 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 a number of institutional and retail investors. Top institutional investors include Balyasny Asset Management L.P. (1.76%), Acadian Asset Management LLC (1.43%), No Street GP LP (1.30%), Susquehanna International Group LLP (0.00%), Arrowstreet Capital Limited Partnership (0.89%) and Sagil Capital LLP (0.60%). 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 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 $62.92. How much money does Danaos make? Danaos (NYSE:DAC) has a market capitalization of $1.28 billion and generates $993.34 million in revenue each year. The shipping company earns $559.21 million in net income (profit) each year or $18.41 on an earnings per share basis. How many employees does Danaos have? The company employs 1,558 workers across the globe. How can I contact Danaos? Danaos' mailing address is 14 AKTI KONDYLI, Piraeus J3, 185 45. The official website for the company is www.danaos.com. The shipping company can be reached via phone at 302104196480, via email at cfo@danaos.com, or via fax at 30 210 419 6480. This page (NYSE:DAC) was last updated on 6/7/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Danaos Co. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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