Danaos (DAC) Stock Forecast, Price & News

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.

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.

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.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
View our DAC earnings forecast.

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.

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.

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).

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.

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.

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).

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

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%).

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.
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One share of DAC stock can currently be purchased for approximately $62.92.

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.

The company employs 1,558 workers across the globe.

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.