Danaos - DAC Stock Forecast, Price & News

3 Wall Street 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 analysts is that investors should "buy" DAC shares.
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3 Wall Street research analysts have issued 1 year price targets for Danaos' shares. Their DAC stock 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 23.9% from the stock's current price.
View analysts price targets for DAC or view top-rated stocks among Wall Street analysts.

Danaos' stock was trading at $74.65 at the start of the year. Since then, DAC stock has increased by 2.7% and is now trading at $76.65.
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Danaos is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
View our DAC earnings forecast.

Danaos Co. (NYSE:DAC) released its quarterly earnings results on Monday, May, 16th. The shipping company reported $11.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.11 by $5.25. The shipping company earned $229.90 million during the quarter, compared to the consensus estimate of $212.86 million. Danaos had a net margin of 81.06% and a trailing twelve-month return on equity of 29.36%. During the same period in the prior year, the firm earned $2.63 earnings per share.

Danaos announced a quarterly dividend on Monday, August 1st. Investors of record on Wednesday, August 17th will be paid a dividend of $0.75 per share on Monday, August 29th. This represents a $3.00 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend is Tuesday, August 16th.
Read our dividend analysis for DAC.

Danaos (NYSE:DAC) pays an annual dividend of $3.00 per share and currently has a dividend yield of 3.95%. 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.

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.

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 variety of retail and institutional investors. Top institutional investors include Dorsey Wright & Associates (0.46%), Commonwealth Equity Services LLC (0.36%), Simplex Trading LLC (0.00%), Envestnet Asset Management Inc. (0.19%), National Bank of Canada FI (0.09%) and Janney Montgomery Scott LLC (0.09%).

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.
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One share of DAC stock can currently be purchased for approximately $76.65.

Danaos (NYSE:DAC) has a market capitalization of $1.59 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.

Danaos employs 1,715 workers across the globe.

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.