About Danaos Corporation (NYSE:DAC)
Danaos Corporation is a holding company and an international owner of containerships, chartering its vessels to a range of liner companies. The Company's principal business is the acquisition and operation of vessels. The Company conducts its operations through the vessel owning companies, whose principal activity is the ownership and operation of containerships that are under the management of a related party of the company. The Company's manager is Danaos Shipping Company Limited (Danaos Shipping). The Company has a fleet of over 50 containerships aggregating approximately 329,590 twenty-foot equivalent units (TEUs). Its containership fleet includes approximately 53 containerships deployed on time charters and approximately two containerships deployed on bareboat charter. Gemini Shipholdings Corporation (Gemini), a company beneficially owned by the Company, owns approximately four additional containerships of over 24,000 TEU aggregate capacity.
Industry, Sector and Symbol:
- Sector: Transportation
- Industry: Deep Sea Freight
- Sub-Industry: N/A
- Symbol: NYSE:DAC
- CUSIP: N/A
- Web: www.danaos.com
- Market Cap: $159.21 million
- Outstanding Shares: 109,799,000
- 50 Day Moving Avg: $1.45
- 200 Day Moving Avg: $1.60
- 52 Week Range: $1.25 - $4.40
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 1.56
- P/E Growth: 0.54
- Annual Revenue: $447.83 million
- Price / Sales: 0.36
- Book Value: $4.50 per share
- Price / Book: 0.32
- EBITDA: $281.14 million
- Net Margins: -92.96%
- Return on Equity: 16.72%
- Return on Assets: 3.09%
- Current Ratio: 0.05%
- Quick Ratio: 0.05%
- Average Volume: 85,385 shs.
- Beta: 1.37
- Short Ratio: 1.55
Frequently Asked Questions for Danaos Corporation (NYSE:DAC)
What is Danaos Corporation's stock symbol?
Danaos Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "DAC."
How were Danaos Corporation's earnings last quarter?
Danaos Corporation (NYSE:DAC) posted its quarterly earnings data on Monday, July, 31st. The company reported $0.26 EPS for the quarter, beating the Zacks' consensus estimate of $0.21 by $0.05. The company had revenue of $113.88 million for the quarter, compared to analyst estimates of $108.01 million. Danaos Corporation had a negative net margin of 92.96% and a positive return on equity of 16.72%. The company's quarterly revenue was down 16.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.43 EPS. View Danaos Corporation's Earnings History.
When will Danaos Corporation make its next earnings announcement?
Where is Danaos Corporation's stock going? Where will Danaos Corporation's stock price be in 2017?
2 analysts have issued 1 year target prices for Danaos Corporation's stock. Their predictions range from $3.00 to $3.00. On average, they anticipate Danaos Corporation's stock price to reach $3.00 in the next twelve months. View Analyst Ratings for Danaos Corporation.
Who are some of Danaos Corporation's key competitors?
Who are Danaos Corporation's key executives?
Danaos Corporation's management team includes the folowing people:
- John Coustas Ph.D., President, Chief Executive Officer, Director
- Evangelos Chatzis, Chief Financial Officer, Secretary
- Iraklis Prokopakis, Chief Operating Officer, Senior Vice President, Treasurer, Director
- Dimitris Vastarouchas, Deputy Chief Operating Officer, Technical Director
- William C. Repko, Director
- George Economou, Independent Director
- Myles R. Itkin, Independent Director
- Miklos Konkoly-Thege, Independent Director
How do I buy Danaos Corporation stock?
Shares of Danaos Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Danaos Corporation's stock price today?
MarketBeat Community Rating for Danaos Corporation (NYSE DAC)MarketBeat's community ratings are surveys of what our community members think about Danaos Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Danaos Corporation stock can currently be purchased for approximately $1.45.
Consensus Ratings for Danaos Corporation (NYSE:DAC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings|
|Consensus Rating:||Hold (Score: 2.00)|
|Consensus Price Target: ||$3.00 (106.90% upside)|Consensus Price Target History for Danaos Corporation (NYSE:DAC)
Analysts' Ratings History for Danaos Corporation (NYSE:DAC)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/16/2017||Jefferies Group LLC||Reiterated Rating||Hold||$3.00||Low|
|1/10/2017||Clarkson Capital||Reiterated Rating||Neutral||N/A|
Earnings History for Danaos Corporation (NYSE:DAC)Earnings History by Quarter for Danaos Corporation (NYSE DAC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/31/2017||6/30/2017||$0.21||$0.26||$108.01 million||$113.88 million||View||N/A|
|5/30/2017||3/31/2017||$0.18||$0.22||$104.37 million||$110.10 million||View||N/A|
|2/21/2017||Q416||$0.20||$0.21||$107.30 million||$112.10 million||View||N/A|
|12/15/2016||Q316||$0.47||$0.21||$122.28 million||$111.75 million||View||N/A|
|8/1/2016||Q216||$0.42||$0.43||$135.57 million||$137.00 million||View||N/A|
|5/4/2016||Q116||$0.41||$0.43||$138.95 million||$137.47 million||View||N/A|
|2/16/2016||Q415||$0.38||$0.43||$141.04 million||$143.30 million||View||Listen|
|11/3/2015||Q315||$0.34||$0.40||$138.93 million||$144.54 million||View||N/A|
|8/3/2015||Q215||$0.28||$0.35||$137.22 million||$141.50 million||View||N/A|
|4/27/2015||Q115||$0.21||$0.28||$136.60 million||$138.61 million||View||N/A|
|2/9/2015||Q414||$0.17||$0.21||$136.60 million||$140.70 million||View||N/A|
|10/29/2014||Q314||$0.12||$0.16||$213.30 million||$139.50 million||View||N/A|
|7/28/2014||Q113||$0.12||$0.11||$134.60 million||$136.40 million||View||N/A|
|5/5/2014||Q1 2014||$0.07||$0.06||$129.71 million||$135.49 million||View||N/A|
|11/5/2012||Q312||$0.17||$0.14||$148.57 million||$156.30 million||View||N/A|
Earnings Estimates for Danaos Corporation (NYSE:DAC)
2017 EPS Consensus Estimate: $0.82
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Danaos Corporation (NYSE:DAC)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading History for Danaos Corporation (NYSE:DAC)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Danaos Corporation (NYSE:DAC)
Latest Headlines for Danaos Corporation (NYSE:DAC)
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Danaos Corporation (DAC) Chart for Sunday, October, 22, 2017