Danaos Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Danaos in the last twelve months. 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" Danaos stock.
View analyst ratings for Danaos or view top-rated stocks.

Wall Street analysts have given Danaos a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Danaos wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Danaos saw a increase in short interest in the month of May. As of May 28th, there was short interest totaling 1,230,000 shares, an increase of 252.7% from the May 13th total of 348,700 shares. Based on an average daily volume of 501,300 shares, the days-to-cover ratio is presently 2.5 days. Approximately 10.8% of the shares of the stock are sold short.
View Danaos' Short Interest.

Danaos is scheduled to release its next quarterly earnings announcement on Monday, August 2nd 2021.
View our earnings forecast for Danaos.

Danaos Co. (NYSE:DAC) released its earnings results on Sunday, May, 9th. The shipping company reported $2.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.87 by $0.04. The shipping company earned $132.12 million during the quarter, compared to the consensus estimate of $129.01 million. Danaos had a trailing twelve-month return on equity of 17.64% and a net margin of 86.41%.
View Danaos' earnings history.

Danaos' stock was trading at $4.53 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, DAC shares have increased by 1,573.3% and is now trading at $75.80.
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Danaos declared a quarterly dividend on Monday, May 10th. Investors of record on Thursday, May 27th will be given a dividend of $0.50 per share on Wednesday, June 9th. This represents a $2.00 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Wednesday, May 26th.
View Danaos' dividend history.

Danaos pays an annual dividend of $2.00 per share and currently has a dividend yield of 2.72%. The dividend payout ratio of Danaos is 27.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Danaos will have a dividend payout ratio of 12.74% next year. This indicates that Danaos will be able to sustain or increase its dividend.
View Danaos' dividend history.

3 analysts have issued 12-month target prices for Danaos' shares. Their forecasts range from $6.25 to $67.00. On average, they expect Danaos' share price to reach $44.42 in the next twelve months. This suggests that the stock has a possible downside of 41.4%.
View analysts' price targets for Danaos or view top-rated stocks among Wall Street analysts.

4 employees have rated Danaos CEO John Coustas on Glassdoor.com. John Coustas has an approval rating of 100% among Danaos' employees. This puts John Coustas in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Danaos include ZIM Integrated Shipping Services (ZIM), Atlas (ATCO), Star Bulk Carriers (SBLK), Euronav (EURN), Pacific Basin Shipping (PCFBY), Frontline (FRO), Costamare (CMRE), Scorpio Tankers (STNG), DHT (DHT), SFL (SFL), Genco Shipping & Trading (GNK), Global Ship Lease (GSL), Eagle Bulk Shipping (EGLE), TORM (TRMD) and Navigator (NVGS).
View all of DAC's competitors.

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 retail and institutional investors. Top institutional investors include Impala Asset Management LLC (4.04%), No Street GP LP (2.44%), Arrowstreet Capital Limited Partnership (1.06%), Hennessy Advisors Inc. (0.53%), Dorsey Wright & Associates (0.52%) and Renaissance Technologies LLC (0.50%).

DAC stock was sold by a variety of institutional investors in the last quarter, including No Street GP LP, Morgan Stanley, Millennium Management LLC, Alpha Paradigm Partners LLC, and UBS Group AG.

DAC stock was bought by a variety of institutional investors in the last quarter, including Impala Asset Management LLC, Hennessy Advisors Inc., Dorsey Wright & Associates, Renaissance Technologies LLC, Arrowstreet Capital Limited Partnership, AJO LP, Stifel Financial Corp, and Goldman Sachs Group Inc..

Shares of DAC 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 $75.80.

Danaos has a market capitalization of $1.56 billion and generates $461.59 million in revenue each year. The shipping company earns $153.55 million in net income (profit) each year or $7.18 on an earnings per share basis.

Danaos employs 4 workers across the globe.

The official website for Danaos is www.danaos.com.

Danaos is headquartered at 14 AKTI KONDYLI, Piraeus J3, 185 45.

Danaos' mailing address is 14 AKTI KONDYLI, Piraeus J3, 185 45. The shipping company can be reached via phone at 011-30-21-0449-6480 or via email at [email protected]