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NYSE:DAC

Danaos - DAC Stock Forecast, Price & News

$75.99
+0.02 (+0.03%)
(As of 08/8/2022 12:00 AM ET)
Add
Compare
Today's Range
$75.78
$77.82
50-Day Range
$57.38
$85.20
52-Week Range
$55.71
$107.47
Volume
295,894 shs
Average Volume
439,684 shs
Market Capitalization
$1.57 billion
P/E Ratio
2.17
Dividend Yield
3.95%
Price Target
$95.00

Danaos MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
25.0% Upside
$95.00 Price Target
Short Interest
Healthy
4.65% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.63mentions of Danaos in the last 14 days
Based on 22 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.40%
From $27.58 to $29.07 Per Share

Overall MarketRank

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

3.08 out of 5 stars

Transportation Sector

5th out of 156 stocks

Deep Sea Foreign Transportation Of Freight Industry

3rd out of 42 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.

Wall Street Analysts Forecast Growth

DAC has been the topic of several research reports. Clarkson Capital reissued a "buy" rating on shares of Danaos in a research note on Tuesday, June 14th. Jefferies Financial Group assumed coverage on shares of Danaos in a research note on Wednesday, July 20th. They set a "buy" rating and a $100.00 target price on the stock. Finally, StockNews.com raised shares of Danaos from a "hold" rating to a "buy" rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $95.00.

Danaos Stock Performance

DAC Stock remained flat at $75.97 during trading on Monday. 14,934 shares of the company's stock were exchanged, compared to its average volume of 437,654. The company has a quick ratio of 2.82, a current ratio of 2.86 and a debt-to-equity ratio of 0.47. The stock has a 50-day simple moving average of $68.75 and a 200 day simple moving average of $83.09. Danaos has a one year low of $55.71 and a one year high of $107.47. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 2.17 and a beta of 1.55.

Danaos (NYSE:DAC - Get Rating) last announced its quarterly earnings results on Monday, May 16th. The shipping company reported $11.36 earnings per share for the quarter, beating analysts' consensus estimates of $6.11 by $5.25. Danaos had a net margin of 81.06% and a return on equity of 29.36%. The business had revenue of $229.90 million during the quarter, compared to analysts' expectations of $212.86 million. During the same period last year, the business earned $2.63 earnings per share. On average, research analysts anticipate that Danaos will post 27.58 EPS for the current year.

Danaos Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 29th. Shareholders of record on Wednesday, August 17th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date is Tuesday, August 16th. Danaos's dividend payout ratio is presently 8.57%.

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DAC Stock News Headlines

Danaos (DAC) Q2 2022 Earnings Call Transcript
Danaos (DAC) to Release Quarterly Earnings on Monday
Danaos (NYSE:DAC) Cut to "Hold" at StockNews.com
See More Headlines
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DAC Company Calendar

Last Earnings
5/16/2022
Ex-Dividend for 6/8 Dividend
5/26/2022
Dividend Payable
6/08/2022
Today
8/08/2022
Ex-Dividend for 8/29 Dividend
8/16/2022
Dividend Payable
8/29/2022
Next Earnings (Estimated)
11/14/2022
Fiscal Year End
12/31/2022

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
$95.00
High Stock Price Forecast
$100.00
Low Stock Price Forecast
$90.00
Forecasted Upside/Downside
+25.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
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
$23.24 per share
Book Value
$100.79 per share

Miscellaneous

Free Float
N/A
Market Cap
$1.57 billion
Optionable
Not Optionable
Beta
1.55














DAC Stock - Frequently Asked Questions

Should I buy or sell Danaos stock 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" DAC shares.
View DAC analyst ratings
or view top-rated stocks.

What is Danaos' stock price forecast for 2022?

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.

How has Danaos' stock performed in 2022?

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.
View the best growth stocks for 2022 here
.

When is Danaos' next earnings date?

Danaos is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
View our DAC earnings forecast
.

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 (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.

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

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
.

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 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.

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 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%).

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 $76.65.

How much money does Danaos make?

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.

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 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 8/8/2022 by MarketBeat.com Staff

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