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S&P 500   3,941.26
DOW   33,596.34
QQQ   281.68
Franchising Could Be the Secret to Reaping the Rewards of a Down Economy. Here Are 5 Reasons Why.
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
3 Big Box Retail Bets for the Holidays
How Long Does it Take to Become a Profitable Trader?
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
Biden visits Arizona computer chip site, highlights jobs
Is Autozone Ready To Rally For Another Profitable Lap?
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
Trump Org. jury seeks clarity as deliberations continue
Biden to visit Arizona computer chip site, highlight jobs
S&P 500   3,941.26
DOW   33,596.34
QQQ   281.68
Franchising Could Be the Secret to Reaping the Rewards of a Down Economy. Here Are 5 Reasons Why.
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
3 Big Box Retail Bets for the Holidays
How Long Does it Take to Become a Profitable Trader?
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
Biden visits Arizona computer chip site, highlights jobs
Is Autozone Ready To Rally For Another Profitable Lap?
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
Trump Org. jury seeks clarity as deliberations continue
Biden to visit Arizona computer chip site, highlight jobs
S&P 500   3,941.26
DOW   33,596.34
QQQ   281.68
Franchising Could Be the Secret to Reaping the Rewards of a Down Economy. Here Are 5 Reasons Why.
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
3 Big Box Retail Bets for the Holidays
How Long Does it Take to Become a Profitable Trader?
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
Biden visits Arizona computer chip site, highlights jobs
Is Autozone Ready To Rally For Another Profitable Lap?
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
Trump Org. jury seeks clarity as deliberations continue
Biden to visit Arizona computer chip site, highlight jobs
NYSE:DAC

Danaos - DAC Stock Forecast, Price & News

$52.64
-1.07 (-1.99%)
(As of 12/6/2022 12:00 AM ET)
Add
Compare
Today's Range
$52.00
$54.24
50-Day Range
$52.64
$61.76
52-Week Range
$52.00
$107.47
Volume
134,604 shs
Average Volume
360,402 shs
Market Capitalization
$1.09 billion
P/E Ratio
1.90
Dividend Yield
5.59%
Price Target
$82.50

Danaos MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
56.7% Upside
$82.50 Price Target
Short Interest
Healthy
3.60% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-7.79%
From $27.97 to $25.79 Per Share

Overall MarketRank

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

2.87 out of 5 stars

Transportation Sector

6th out of 123 stocks

Deep Sea Foreign Transportation Of Freight Industry

4th out of 29 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

Danaos Corporation Announces Senior Notes Repurchase
Danaos (DAC) Just Overtook the 50-Day Moving Average
Danaos (DAC) Just Reclaimed the 20-Day Moving Average
Danaos: The Best Of The Containership Lessors
Analysts Forecast 23% Upside For CVY - Nasdaq
Danaos Corporation (DAC)
Danaos is Oversold
See More Headlines
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DAC Company Calendar

Last Earnings
11/07/2021
Ex-Dividend for 11/30 Dividend
11/17/2022
Dividend Payable
11/30/2022
Today
12/07/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/06/2023

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
$82.50
High Stock Price Forecast
$100.00
Low Stock Price Forecast
$65.00
Forecasted Upside/Downside
+56.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$1.05 billion
Pretax Margin
61.99%

Debt

Sales & Book Value

Annual Sales
$689.51 million
Cash Flow
$22.21 per share
Book Value
$100.79 per share

Miscellaneous

Free Float
12,223,000
Market Cap
$1.09 billion
Optionable
Not Optionable
Beta
1.52

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?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Danaos in the last twelve months. There are currently 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 2023?

2 brokers have issued 1 year price objectives for Danaos' shares. Their DAC share price forecasts range from $65.00 to $100.00. On average, they predict the company's share price to reach $82.50 in the next twelve months. This suggests a possible upside of 56.7% 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 beginning of the year. Since then, DAC shares have decreased by 29.5% and is now trading at $52.64.
View the best growth stocks for 2022 here
.

Are investors shorting Danaos?

Danaos saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 748,900 shares, an increase of 8.5% from the October 15th total of 690,200 shares. Based on an average trading volume of 222,200 shares, the days-to-cover ratio is presently 3.4 days.
View Danaos' Short Interest
.

When is Danaos' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 6th 2023.
View our DAC earnings forecast
.

How were Danaos' earnings last quarter?

Danaos Co. (NYSE:DAC) released its earnings results on Sunday, November, 7th. The shipping company reported $5.32 earnings per share for the quarter, topping analysts' consensus estimates of $3.26 by $2.06. The shipping company had revenue of $195.92 million for the quarter, compared to analyst estimates of $157.88 million. Danaos had a net margin of 59.89% and a trailing twelve-month return on equity of 29.89%. During the same period in the previous year, the company earned $1.91 earnings per share.

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

Danaos declared a quarterly dividend on Monday, November 7th. Shareholders of record on Friday, November 18th will be paid a dividend of $0.75 per share on Wednesday, November 30th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date of this dividend is Thursday, November 17th.
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 5.59%. 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 10.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DAC will have a dividend payout ratio of 11.63% 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."

Who are Danaos' major shareholders?

Danaos' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Balyasny Asset Management LLC (2.45%), Marshall Wace LLP (2.02%), Citadel Advisors LLC (0.00%), Jane Street Group LLC (0.00%), State Street Corp (0.39%) and Commonwealth Equity Services LLC (0.37%).

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 $52.64.

How much money does Danaos make?

Danaos (NYSE:DAC) has a market capitalization of $1.09 billion and generates $689.51 million in revenue each year. The shipping company earns $1.05 billion in net income (profit) each year or $27.74 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 12/7/2022 by MarketBeat.com Staff