NYSE:DAC Danaos Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Danaos Co. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $7.34 +0.26 (+3.67 %) (As of 09/30/2020 12:00 AM ET) Add Compare Share Today's Range$6.98Now: $7.34▼$7.5550-Day Range$4.61MA: $5.52▼$7.0852-Week Range$2.50Now: $7.34▼$13.12Volume339,716 shsAverage Volume135,163 shsMarket Capitalization$181.95 millionP/E Ratio1.09Dividend YieldN/ABeta1.41 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media 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, 2019, it had a fleet of 55 containerships aggregating 327,616 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 1972 and is based in Piraeus, Greece.Read More Beat the Market (BTM) Rank™ 1.3 Analyst's Opinion Consensus RatingDanaos has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $7.63, Danaos has a forecasted upside of 3.9% from its current price of $7.34.Amount of Analyst CoverageDanaos has only been the subject of 1 research reports in the past 90 days. Previous Next 1.8 Community Rank Outperform VotesDanaos has received 157 “outperform” votes. (Add your “outperform” vote.)Underperform VotesDanaos has received 289 “underperform” votes. (Add your “underperform” vote.)Community SentimentDanaos has received 64.80% “underperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Danaos and other stocks. Vote “Outperform” if you believe DAC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe DAC will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 0.0 Dividend Strength Dividend YieldDanaos does not currently pay a dividend.Dividend GrowthDanaos does not have a long track record of dividend growth. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Danaos insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 24.09% of the stock of Danaos is held by institutions. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Danaos are expected to decrease by -2.93% in the coming year, from $6.15 to $5.97 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Danaos is 1.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.65.Price to Earnings Ratio vs. SectorThe P/E ratio of Danaos is 1.09, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 18.91.Price to Book Value per Share RatioDanaos has a P/B Ratio of 0.21. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 1.3Community Rank: 1.8Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™0.99 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Deep sea foreign transportation of freight Sub-IndustryN/A SectorTransportation Current SymbolNYSE:DAC Previous Symbol CUSIPN/A CIK1369241 Webwww.danaos.com Phone011-30-21-0449-6480Debt Debt-to-Equity Ratio1.42 Current Ratio0.61 Quick Ratio0.57Price-To-Earnings Trailing P/E Ratio1.09 Forward P/E Ratio1.19 P/E GrowthN/A Sales & Book Value Annual Sales$447.24 million Price / Sales0.41 Cash Flow$14.12 per share Price / Cash Flow0.52 Book Value$35.57 per share Price / Book0.21Profitability EPS (Most Recent Fiscal Year)$9.17 Net Income$131.25 million Net Margins30.39% Return on Equity17.20% Return on Assets5.68%Miscellaneous Employees1,148 Outstanding Shares24,789,000Market Cap$181.95 million Next Earnings Date11/2/2020 (Estimated) OptionableNot Optionable $7.34 +0.26 (+3.67 %) (As of 09/30/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive DAC News and Ratings via Email Sign-up to receive the latest news and ratings for DAC and its competitors with MarketBeat's FREE daily newsletter. Danaos (NYSE:DAC) Frequently Asked Questions How has Danaos' stock price been impacted by COVID-19 (Coronavirus)? Danaos' stock was trading at $4.53 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, DAC stock has increased by 62.0% and is now trading at $7.34. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Danaos? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Danaos in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Danaos. When is Danaos' next earnings date? Danaos is scheduled to release its next quarterly earnings announcement on Monday, November 2nd 2020. View our earnings forecast for Danaos. How were Danaos' earnings last quarter? Danaos Co. (NYSE:DAC) released its quarterly earnings results on Monday, August, 3rd. The shipping company reported $1.71 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.42 by $0.29. The shipping company had revenue of $116.82 million for the quarter, compared to analysts' expectations of $106.46 million. Danaos had a net margin of 30.39% and a return on equity of 17.20%. View Danaos' earnings history. What price target have analysts set for DAC? 2 analysts have issued 1-year price objectives for Danaos' stock. Their forecasts range from $6.25 to $9.00. On average, they expect Danaos' stock price to reach $7.63 in the next twelve months. This suggests a possible upside of 3.9% from the stock's current price. View analysts' price targets for Danaos. Are investors shorting Danaos? Danaos saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 701,700 shares, an increase of 18.3% from the August 15th total of 593,400 shares. Based on an average daily trading volume, of 143,100 shares, the short-interest ratio is presently 4.9 days. Currently, 5.0% of the company's shares are sold short. View Danaos' Short Interest. Who are some of Danaos' key competitors? Some companies that are related to Danaos include PAC BASIN SHIPP/ADR (PCFBY), Star Bulk Carriers (SBLK), Scorpio Tankers (STNG), Seacor (CKH), Torm (TRMD), Navigator (NVGS), DryShips (DRYS), Dorian LPG (LPG), Genco Shipping & Trading (GNK), Teekay (TK), Overseas Shipholding Group (OSG), Eagle Bulk Shipping (EGLE), Scorpio Bulkers (SALT), TSAKOS ENERGY N/SH (TNP) and Diana Shipping (DSX). View all competitors. 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 LP Unit (ET), New Residential Investment (NRZ), Capital Product Partners (CPLP), NY MTG TR INC/SH (NYMT), AT&T (T), Enbridge (ENB), Preferred Apartment Communities (APTS), Brookfield Property Partners (BPY) and Eagle Bulk Shipping (EGLE). Who are Danaos' key executives? Danaos' management team includes the following people: Dr. John Coustas, Chairman, Pres & CEO (Age 63)Mr. Evangelos Chatzis, CFO & Sec. (Age 46)Mr. Iraklis Prokopakis, Sr. VP, COO, Treasurer & Director (Age 68)Mr. Dimitris Vastarouchas, Deputy Chief Operating Officer (Age 51) 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 can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. What is Danaos' stock price today? One share of DAC stock can currently be purchased for approximately $7.34. How big of a company is Danaos? Danaos has a market capitalization of $181.95 million and generates $447.24 million in revenue each year. The shipping company earns $131.25 million in net income (profit) each year or $9.17 on an earnings per share basis. Danaos employs 1,148 workers across the globe. What is Danaos' official website? The official website for Danaos is www.danaos.com. How can I contact Danaos? 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] This page was last updated on 10/1/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
