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NYSE:DAC

Danaos Stock Forecast, Price & News

$65.25
-0.39 (-0.59%)
(As of 06/28/2022 10:16 AM ET)
Add
Compare
Today's Range
$64.96
$65.60
50-Day Range
$62.02
$93.35
52-Week Range
$58.00
$107.47
Volume
969 shs
Average Volume
385,360 shs
Market Capitalization
$1.35 billion
P/E Ratio
1.24
Dividend Yield
4.84%
Price Target
$107.50
30 days | 90 days | 365 days | Advanced Chart

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DAC Stock Forecast (MarketRank)

Overall MarketRank

2.89 out of 5 stars

Transportation Sector

20th out of 173 stocks

Deep Sea Foreign Transportation Of Freight Industry

6th out of 45 stocks

Analyst Opinion: 3.3Community Rank: 3.6Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
Danaos logo

About Danaos (NYSE:DAC)

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.

DAC Stock News Headlines

See More Headlines

Industry, Sector and Symbol

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

Company Calendar

Last Earnings
5/16/2022
Ex-Dividend for 6/8 Dividend
5/26/2022
Dividend Payable
6/08/2022
Today
6/28/2022
Next Earnings (Estimated)
8/01/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$107.50
High Stock Price Forecast
$125.00
Low Stock Price Forecast
$90.00
Forecasted Upside/Downside
+64.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.66666666666667
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
$24.44 per share
Book Value
$100.79 per share

Miscellaneous

Free Float
N/A
Market Cap
$1.35 billion
Optionable
Not Optionable
Beta
1.47














Danaos 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 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 "moderate buy" Danaos stock.
View analyst ratings for Danaos
or view top-rated stocks.

What is Danaos' stock price forecast for 2022?

3 brokerages have issued 1 year price objectives for Danaos' stock. Their DAC stock forecasts range from $90.00 to $125.00. On average, they anticipate Danaos' stock price to reach $107.50 in the next twelve months. This suggests a possible upside of 64.3% from the stock's current price.
View analysts' price targets for Danaos
or view top-rated stocks among Wall Street analysts.

How has Danaos' stock performed in 2022?

Danaos' stock was trading at $74.65 on January 1st, 2022. Since then, DAC shares have decreased by 12.4% and is now trading at $65.42.
View the best growth stocks for 2022 here
.

Are investors shorting Danaos?

Danaos saw a increase in short interest in the month of May. As of May 31st, there was short interest totaling 922,400 shares, an increase of 23.2% from the May 15th total of 748,900 shares. Based on an average daily trading volume, of 465,400 shares, the short-interest ratio is currently 2.0 days. Currently, 8.2% of the company's shares are short sold.
View Danaos' Short Interest
.

When is Danaos' next earnings date?

Danaos is scheduled to release its next quarterly earnings announcement on Monday, August 1st 2022.
View our earnings forecast for Danaos
.

How were Danaos' earnings last quarter?

Danaos Co. (NYSE:DAC) released its quarterly earnings results on Monday, May, 16th. The shipping company reported $11.36 earnings per share for the quarter, topping analysts' consensus estimates of $6.11 by $5.25. The shipping company earned $229.90 million during the quarter, compared to analyst estimates of $212.86 million. Danaos had a trailing twelve-month return on equity of 26.55% and a net margin of 138.14%. During the same quarter last year, the business earned $2.63 earnings per share.
View Danaos' earnings history
.

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

Danaos declared a quarterly dividend on Monday, May 16th. Shareholders of record on Friday, May 27th will be paid a dividend of $0.75 per share on Wednesday, June 8th. This represents a $3.00 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date is Thursday, May 26th.
View Danaos' dividend history
.

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 4.84%. DAC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Danaos does not yet have a strong track record of dividend growth. The dividend payout ratio of Danaos is 5.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Danaos will have a dividend payout ratio of 10.96% next year. This indicates that Danaos will be able to sustain or increase its dividend.
View Danaos' dividend history.

Who are Danaos' key executives?

Danaos' management team includes the following people:
  • Dr. John Coustas, Chairman, Pres & CEO (Age 66)
  • Mr. Evangelos Chatzis, CFO & Sec. (Age 49)
  • Mr. Iraklis Prokopakis, Sr. VP, COO, Treasurer & Director (Age 71)
  • Mr. Dimitris Vastarouchas, Deputy Chief Operating Officer (Age 54)

What is John Coustas' approval rating as Danaos' CEO?

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.

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 Arrowstreet Capital Limited Partnership (1.74%), Jane Street Group LLC (0.00%), PEAK6 Investments LLC (0.00%), Acadian Asset Management LLC (0.98%), Dorsey Wright & Associates (0.53%) and State Street Corp (0.45%).

Which major investors are selling Danaos stock?

DAC stock was sold by a variety of institutional investors in the last quarter, including Mackenzie Financial Corp, Lonestar Capital Management LLC, Advisor Group Holdings Inc., Invesco Ltd., GSA Capital Partners LLP, BlackRock Inc., HAP Trading LLC, and Dorsey Wright & Associates.

Which major investors are buying Danaos stock?

DAC stock was acquired by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Walleye Trading LLC, Jane Street Group LLC, Renaissance Technologies LLC, Simplex Trading LLC, Allianz Asset Management GmbH, Group One Trading L.P., and Cutler Group LP.

How do I buy shares of Danaos?

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.
Compare Top Brokerages Here.

What is Danaos' stock price today?

One share of DAC stock can currently be purchased for approximately $65.42.

How much money does Danaos make?

Danaos (NYSE:DAC) has a market capitalization of $1.36 billion and generates $689.51 million in revenue each year. The shipping company earns $1.05 billion in net income (profit) each year or $52.699990 on an earnings per share basis.

How many employees does Danaos have?

Danaos 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 Danaos is www.danaos.com. The shipping company can be reached via phone at 302104196480, via email at [email protected], or via fax at 30 210 419 6480.

This page (NYSE:DAC) was last updated on 6/28/2022 by MarketBeat.com Staff

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