NYSE:DAC

Danaos Stock Forecast, Price & News

$70.99
-0.82 (-1.14 %)
(As of 06/18/2021 10:46 AM ET)
Add
Compare
Today's Range
$69.59
$72.05
50-Day Range
$48.47
$74.11
52-Week Range
$3.33
$75.93
Volume3,013 shs
Average Volume580,668 shs
Market Capitalization$1.45 billion
P/E Ratio3.58
Dividend Yield2.70%
Beta1.85
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 Danaos and its competitors with MarketBeat's FREE daily newsletter.


Danaos logo

About Danaos

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, 2021, it had a fleet of 65 containerships aggregating 403,793 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.

Headlines

See More Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous


MarketRank

Overall MarketRank

1.63 out of 5 stars

Transportation Sector

69th out of 249 stocks

Deep Sea Foreign Transportation Of Freight Industry

17th out of 55 stocks

Analyst Opinion: 1.3Community Rank: 1.8Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -
speech bubbles
speech bubbles











Danaos (NYSE:DAC) Frequently Asked Questions

Is Danaos a buy right now?

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

What stocks does MarketBeat like better than Danaos?

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.
View MarketBeat's top stock picks here.

Are investors shorting Danaos?

Danaos saw a increase in short interest in 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 currently 2.5 days. Approximately 10.8% of the company's shares are sold short.
View Danaos' Short Interest
.

When is Danaos' next earnings date?

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

How were Danaos' earnings last quarter?

Danaos Co. (NYSE:DAC) announced its quarterly earnings results on Sunday, May, 9th. The shipping company reported $2.83 earnings per share 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 net margin of 86.41% and a trailing twelve-month return on equity of 17.64%.
View Danaos' earnings history
.

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 (WHO). Since then, DAC stock has increased by 1,467.1% and is now trading at $70.99.
View which stocks have been most impacted by COVID-19
.

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

Danaos announced 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 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Wednesday, May 26th.
View Danaos' dividend history
.

Is Danaos a good dividend stock?

Danaos pays an annual dividend of $2.00 per share and currently has a dividend yield of 2.70%. 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.

What price target have analysts set for DAC?

3 analysts have issued 12 month target prices for Danaos' shares. Their forecasts range from $6.25 to $67.00. On average, they anticipate Danaos' stock price to reach $44.42 in the next twelve months. This suggests that the stock has a possible downside of 37.4%.
View analysts' price targets for Danaos
or view top-rated stocks among Wall Street analysts.

Who are Danaos' key executives?

Danaos' management team includes the following people:
  • Dr. John Coustas, Chairman, Pres & CEO (Age 65)
  • Mr. Evangelos Chatzis, CFO & Sec. (Age 48)
  • Mr. Iraklis Prokopakis, Sr. VP, COO, Treasurer & Director (Age 70)
  • Mr. Dimitris Vastarouchas, Deputy Chief Operating Officer (Age 53)

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.

Who are some of Danaos' key 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 (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 many different institutional and retail investors. Top institutional shareholders 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%).

Which institutional investors are selling Danaos stock?

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.

Which institutional investors are buying Danaos stock?

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..

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 $70.99.

How much money does Danaos make?

Danaos has a market capitalization of $1.45 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.

How many employees does Danaos have?

Danaos employs 1,296 workers across the globe.

What is Danaos' official website?

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

Where are Danaos' headquarters?

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

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 6/18/2021 by MarketBeat.com Staff
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.