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S&P 500   3,744.52
DOW   29,926.94
QQQ   279.76
Free Webinar | October 11: How to Break Barriers
Live Updates: Russia-Ukraine War
Box Inc. Stock on Track to Become a Q4 Winner
Don’t Chase American Virtual Cloud Technologies Higher
3 Stocks With Market-Beating Price Performance
Is Ford's Revenue Enough to Juice its Stock Price?
Will WWE Shares Wrestle Their Way Higher or Will They Tap Out?
S&P 500   3,744.52
DOW   29,926.94
QQQ   279.76
Free Webinar | October 11: How to Break Barriers
Live Updates: Russia-Ukraine War
Box Inc. Stock on Track to Become a Q4 Winner
Don’t Chase American Virtual Cloud Technologies Higher
3 Stocks With Market-Beating Price Performance
Is Ford's Revenue Enough to Juice its Stock Price?
Will WWE Shares Wrestle Their Way Higher or Will They Tap Out?
S&P 500   3,744.52
DOW   29,926.94
QQQ   279.76
Free Webinar | October 11: How to Break Barriers
Live Updates: Russia-Ukraine War
Box Inc. Stock on Track to Become a Q4 Winner
Don’t Chase American Virtual Cloud Technologies Higher
3 Stocks With Market-Beating Price Performance
Is Ford's Revenue Enough to Juice its Stock Price?
Will WWE Shares Wrestle Their Way Higher or Will They Tap Out?
NYSE:DAC

Danaos - DAC Stock Forecast, Price & News

$57.47
-0.25 (-0.43%)
(As of 10/6/2022 12:00 AM ET)
Add
Compare
Today's Range
$56.71
$58.43
50-Day Range
$54.63
$78.07
52-Week Range
$53.54
$107.47
Volume
145,064 shs
Average Volume
229,738 shs
Market Capitalization
$1.19 billion
P/E Ratio
1.64
Dividend Yield
5.20%
Price Target
$95.00

Danaos MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
65.3% Upside
$95.00 Price Target
Short Interest
Healthy
2.92% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.24mentions of Danaos in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.40%
From $27.58 to $29.07 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.88 out of 5 stars

Transportation Sector

10th out of 119 stocks

Deep Sea Foreign Transportation Of Freight Industry

4th out of 30 stocks

DAC stock logo

About Danaos (NYSE:DAC) Stock

Danaos Corporation, together with its subsidiaries, owns and operates containerships in Australia, Asia, Europe, and the United States. The company offers seaborne transportation services, such as chartering its vessels to liner companies. As of February 28, 2022, it had a fleet of 71 containerships aggregating 436,589 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.

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DAC Stock News Headlines

Analysts Forecast 23% Upside For CVY - Nasdaq
Danaos Corporation (DAC)
Financial Analysis: OceanPal (NASDAQ:OP) & Danaos (NYSE:DAC)
Danaos is Oversold
Danaos (DAC) Q2 2022 Earnings Call Transcript
See More Headlines
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DAC Company Calendar

Last Earnings
8/01/2022
Ex-Dividend for 8/29 Dividend
8/16/2022
Dividend Payable
8/29/2022
Today
10/07/2022
Next Earnings (Estimated)
11/14/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Employees
1,715
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$95.00
High Stock Price Forecast
$100.00
Low Stock Price Forecast
$90.00
Forecasted Upside/Downside
+65.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$1.05 billion
Pretax Margin
140.44%

Debt

Sales & Book Value

Annual Sales
$689.51 million
Cash Flow
$23.17 per share
Book Value
$100.79 per share

Miscellaneous

Free Float
12,223,000
Market Cap
$1.19 billion
Optionable
Not Optionable
Beta
1.61

Key Executives

  • Dr. John CoustasDr. John Coustas (Age 66)
    Chairman, Pres & CEO
  • Mr. Evangelos ChatzisMr. Evangelos Chatzis (Age 49)
    CFO & Sec.
  • Mr. Iraklis ProkopakisMr. Iraklis Prokopakis (Age 71)
    Sr. VP, COO, Treasurer & Director
  • Mr. Dimitris Vastarouchas (Age 54)
    Deputy Chief Operating Officer













DAC Stock - Frequently Asked Questions

Should I buy or sell Danaos stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Danaos in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DAC shares.
View DAC analyst ratings
or view top-rated stocks.

What is Danaos' stock price forecast for 2022?

3 brokers have issued 12 month price objectives for Danaos' shares. Their DAC share price forecasts range from $90.00 to $100.00. On average, they anticipate the company's share price to reach $95.00 in the next year. This suggests a possible upside of 65.3% 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 2022?

Danaos' stock was trading at $74.65 at the start of the year. Since then, DAC stock has decreased by 23.0% and is now trading at $57.47.
View the best growth stocks for 2022 here
.

Are investors shorting Danaos?

Danaos saw a increase in short interest in September. As of September 15th, there was short interest totaling 604,100 shares, an increase of 14.2% from the August 31st total of 529,000 shares. Based on an average trading volume of 267,600 shares, the days-to-cover ratio is presently 2.3 days.
View Danaos' Short Interest
.

When is Danaos' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
View our DAC earnings forecast
.

How were Danaos' earnings last quarter?

Danaos Co. (NYSE:DAC) posted its quarterly earnings data on Monday, August, 1st. The shipping company reported $7.59 earnings per share (EPS) for the quarter. The shipping company had revenue of $250.92 million for the quarter. Danaos had a trailing twelve-month return on equity of 29.36% and a net margin of 81.06%.

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

Danaos declared a quarterly dividend on Monday, August 1st. Shareholders of record on Wednesday, August 17th will be given a dividend of $0.75 per share on Monday, August 29th. This represents a $3.00 annualized dividend and a yield of 5.22%. The ex-dividend date is Tuesday, August 16th.
Read our dividend analysis for DAC
.

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 5.20%. 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 8.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DAC will have a dividend payout ratio of 10.32% 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."

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 $57.47.

How much money does Danaos make?

Danaos (NYSE:DAC) has a market capitalization of $1.19 billion and generates $689.51 million in revenue each year. The shipping company earns $1.05 billion in net income (profit) each year or $35.00 on an earnings per share basis.

How many employees does Danaos have?

The company employs 1,715 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 10/7/2022 by MarketBeat.com Staff

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