S&P 500   4,283.85
DOW   33,573.28
QQQ   354.84
High Dividend REITs: Are They an Ideal Way to Diversify?
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Dollar General May Create an Opportunity for Patient Investors
Is Frontline's 20% Dividend Too Good To Be True?
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
3 Reasons The Wayfair Rally Is Way Overdone
Wheat prices jump following collapse of major dam in southern Ukraine
The single greatest medical breakthrough of all time? (Ad)
Here’s What’s Driving the Price of Carvana Higher
Stock market today: Wall Street inches higher toward edge of bull market
S&P 500   4,283.85
DOW   33,573.28
QQQ   354.84
High Dividend REITs: Are They an Ideal Way to Diversify?
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Dollar General May Create an Opportunity for Patient Investors
Is Frontline's 20% Dividend Too Good To Be True?
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
3 Reasons The Wayfair Rally Is Way Overdone
Wheat prices jump following collapse of major dam in southern Ukraine
The single greatest medical breakthrough of all time? (Ad)
Here’s What’s Driving the Price of Carvana Higher
Stock market today: Wall Street inches higher toward edge of bull market
S&P 500   4,283.85
DOW   33,573.28
QQQ   354.84
High Dividend REITs: Are They an Ideal Way to Diversify?
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Dollar General May Create an Opportunity for Patient Investors
Is Frontline's 20% Dividend Too Good To Be True?
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
3 Reasons The Wayfair Rally Is Way Overdone
Wheat prices jump following collapse of major dam in southern Ukraine
The single greatest medical breakthrough of all time? (Ad)
Here’s What’s Driving the Price of Carvana Higher
Stock market today: Wall Street inches higher toward edge of bull market
S&P 500   4,283.85
DOW   33,573.28
QQQ   354.84
High Dividend REITs: Are They an Ideal Way to Diversify?
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Dollar General May Create an Opportunity for Patient Investors
Is Frontline's 20% Dividend Too Good To Be True?
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
3 Reasons The Wayfair Rally Is Way Overdone
Wheat prices jump following collapse of major dam in southern Ukraine
The single greatest medical breakthrough of all time? (Ad)
Here’s What’s Driving the Price of Carvana Higher
Stock market today: Wall Street inches higher toward edge of bull market
NYSE:DAC

Danaos (DAC) Stock Forecast, Price & News

$62.94
+2.25 (+3.71%)
(As of 06/6/2023 ET)
Compare
Today's Range
$60.49
$63.56
50-Day Range
$53.65
$62.94
52-Week Range
$51.10
$82.08
Volume
154,459 shs
Average Volume
148,089 shs
Market Capitalization
$1.28 billion
P/E Ratio
3.42
Dividend Yield
4.77%
Price Target
$72.50

Danaos MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
15.2% Upside
$72.50 Price Target
Short Interest
Bearish
6.19% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.89mentions of Danaos in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-1.11%
From $28.84 to $28.52 Per Share

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 stars

Transportation Sector

46th out of 117 stocks

Deep Sea Foreign Transportation Of Freight Industry

14th out of 29 stocks


DAC stock logo

About Danaos (NYSE:DAC) Stock

Danaos 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.

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.

DAC Stock News Headlines

High-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.
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%...
Danaos (NYSE:DAC) Lowered to "Buy" at StockNews.com
Danaos (NYSE:DAC) Upgraded to Strong-Buy at StockNews.com
The gold catalyst we've waited for
Because 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.
Danaos (NYSE:DAC) Coverage Initiated at StockNews.com
Danaos (NYSE:DAC) Is Paying Out A Dividend Of $0.75
Danaos: Are Stock Buybacks Finally Coming?
Danaos (DAC) Declares $0.75 Dividend
Danaos (DAC) Earnings Dates & Reports
Danaos declares $0.75 dividend
Recap: Danaos Q1 Earnings
Danaos: Q1 Earnings Insights
Danaos (DAC) Scheduled to Post Earnings on Monday
See More Headlines

DAC Price History

DAC Company Calendar

Last Earnings
11/07/2021
Ex-Dividend for 3/14 Dividend
2/27/2023
Dividend Payable
3/14/2023
Ex-Dividend for 6/7 Dividend
5/25/2023
Today
6/06/2023
Dividend Payable
6/07/2023
Next Earnings (Estimated)
8/07/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Employees
1,558
Year Founded
N/A

Price 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 Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$559.21 million
Pretax Margin
37.73%

Debt

Sales & Book Value

Annual Sales
$993.34 million
Cash Flow
$41.39 per share
Book Value
$125.82 per share

Miscellaneous

Free Float
12,007,000
Market Cap
$1.28 billion
Optionable
Not Optionable
Beta
1.53

Key Executives

  • John CoustasJohn Coustas
    Chairman, President & Chief Executive Officer
  • Iraklis ProkopakisIraklis Prokopakis
    COO, Treasurer, Director & Senior Vice President
  • Evangelos ChatzisEvangelos Chatzis
    Chief Financial Officer & Secretary
  • Dimitris Vastarouchas
    Technical Director & Deputy COO













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

My Account -