NYSE:DAC Danaos - DAC Stock Forecast, Price & News Adding Choose a watchlist: 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. $62.36 +1.07 (+1.75%) (As of 02/2/2023 10:34 AM ET) Add Compare Share Share Today's Range$61.71▼$62.8550-Day Range$51.46▼$61.2952-Week Range$51.10▼$107.47Volume34,970 shsAverage Volume129,053 shsMarket Capitalization$1.29 billionP/E Ratio2.25Dividend Yield5.07%Price Target$82.50 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Danaos MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside34.6% Upside$82.50 Price TargetShort InterestHealthy5.58% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth-24.98%From $34.55 to $25.92 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.73 out of 5 starsTransportation Sector13th out of 125 stocksDeep Sea Foreign Transportation Of Freight Industry4th out of 30 stocks 3.5 Analyst's Opinion Consensus RatingDanaos has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $82.50, Danaos has a forecasted upside of 34.6% from its current price of $61.29.Amount of Analyst CoverageDanaos has received no research coverage in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted5.58% of the float of Danaos has been sold short.Short Interest Ratio / Days to CoverDanaos has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Danaos has recently decreased by 9.03%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipDanaos is a leading dividend payer. It pays a dividend yield of 5.07%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthDanaos has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Danaos is 10.81%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Danaos will have a dividend payout ratio of 11.57% next year. This indicates that Danaos will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for DAC. Previous Next 1.3 News and Social Media Coverage News SentimentDanaos has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Transportation companies.News Coverage This WeekMarketBeat has tracked 1 news article for Danaos this week, compared to 3 articles on an average week.Search InterestOnly 6 people have searched for DAC on MarketBeat in the last 30 days. This is a decrease of -14% compared to the previous 30 days.MarketBeat FollowsOnly 6 people have added Danaos to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Danaos insiders have not sold or bought any company stock.Percentage Held by Insiders41.00% of the stock of Danaos is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 19.41% 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 -24.98% in the coming year, from $34.55 to $25.92 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Danaos is 2.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.23.Price to Earnings Ratio vs. SectorThe P/E ratio of Danaos is 2.21, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 23.30.Price to Book Value per Share RatioDanaos has a P/B Ratio of 0.61. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Danaos (NYSE:DAC) StockDanaos Corp. engages in the provision of marine and seaborne transportation services. It offers services by operating vessels in the containership sector of the shipping industry. The company was founded by Dimitris Coustas in1972 and is headquartered in Piraeus, Greece.Read More Receive DAC Stock 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. Email Address DAC Stock News HeadlinesJanuary 26, 2023 | finance.yahoo.comDanaos' (NYSE:DAC) investors will be pleased with their incredible 908% return over the last three yearsJanuary 10, 2023 | finance.yahoo.comWall Street Analysts Think Danaos (DAC) Could Surge 65.81%: Read This Before Placing a BetFebruary 2, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? 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Perfect timing for a "made in America" graphite company looking to mine, manufacture, and recycle graphite for the booming electric car market.November 7, 2022 | finance.yahoo.comDanaos Corporation Reports Third Quarter and Nine Months Results for the Period Ended September 30, 2022November 2, 2022 | finance.yahoo.comDanaos Corporation Announces Date for the Release of Third Quarter 2022 Results, Conference Call and WebcastOctober 26, 2022 | seekingalpha.comDanaos: The Best Of The Containership LessorsOctober 18, 2022 | seekingalpha.comZIM Is Incredibly Cheap, But These Two Are Better (NYSE:ZIM) - Seeking AlphaOctober 16, 2022 | reuters.comDAC.N - Danaos Corporation | Stock Price & Latest News | ReutersOctober 13, 2022 | seekingalpha.comDanaos: Stock Profitable Even With Lower Charter Rates (DAC) - Seeking AlphaOctober 11, 2022 | seekingalpha.comDanaos: Market Seems Overly Alarmed By Current Rates (NYSE:DAC) - Seeking AlphaOctober 5, 2022 | nasdaq.comAnalysts Forecast 23% Upside For CVY - NasdaqOctober 3, 2022 | finance.yahoo.comDanaos Corporation (DAC)October 3, 2022 | reuters.comDAC.DF - Danaos Corporation | Stock Price & Latest News | ReutersSeptember 28, 2022 | benzinga.com5 Value Stocks To Watch In The Industrials Sector - Textainer Gr Hldgs (NYSE:TGH), Danaos (NYSE:DAC), Cre - BenzingaSeptember 24, 2022 | nasdaq.comDanaos is OversoldSeptember 21, 2022 | seekingalpha.comZIM Integrated Shipping Stock: High-Risk High-Reward Pick (NYSE:ZIM) - Seeking AlphaSeptember 18, 2022 | finance.yahoo.comAfter the recent decline, Danaos Corporation (NYSE:DAC) CEO John Coustas' holdings have lost 8.9% of their valueSeptember 7, 2022 | seekingalpha.comDanaos Stock: NAV On A Nosedive, Will Reach $150 By Next Year (NYSE:DAC) - Seeking AlphaSeptember 5, 2022 | seekingalpha.comDanaos Stock Is Cheap, But Where Are Buybacks? Ask Management - Seeking AlphaSeptember 2, 2022 | nasdaq.comIs Danaos (NYSE:DAC) A Risky Investment? - NasdaqAugust 22, 2022 | seekingalpha.comDanaos Stock Is Coming Down Again, Buy This Dip Confidently (NYSE:DAC) - Seeking AlphaSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive DAC Stock 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. Email Address DAC Company Calendar Last Earnings11/07/2022Ex-Dividend for 11/30 Dividend11/17/2022Dividend Payable11/30/2022Today2/02/2023Next Earnings (Estimated)2/06/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Deep sea foreign transportation of freight Sub-IndustryN/A SectorTransportation Current SymbolNYSE:DAC CUSIPN/A CIK1369241 Webwww.danaos.com Phone302104196480Fax30 210 419 6480Employees1,715Year FoundedN/APrice Target and Rating Average Stock Price Forecast$82.50 High Stock Price Forecast$100.00 Low Stock Price Forecast$65.00 Forecasted Upside/Downside+32.3%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$27.74 Trailing P/E Ratio2.25 Forward P/E Ratio1.80 P/E GrowthN/ANet Income$1.05 billion Net Margins59.89% Pretax Margin61.99% Return on Equity29.89% Return on Assets18.58% Debt Debt-to-Equity Ratio0.34 Current Ratio2.32 Quick Ratio2.26 Sales & Book Value Annual Sales$689.51 million Price / Sales1.87 Cash Flow$24.45 per share Price / Cash Flow2.55 Book Value$100.79 per share Price / Book0.62Miscellaneous Outstanding Shares20,720,000Free Float12,223,000Market Cap$1.29 billion OptionableNot Optionable Beta1.58 Key ExecutivesJohn CoustasChairman, President & Chief Executive OfficerIraklis ProkopakisCOO, Treasurer, Director & Senior Vice PresidentEvangelos ChatzisChief Financial Officer & SecretaryDimitris VastarouchasTechnical Director & Deputy COOKey CompetitorsCostamareNYSE:CMRESFLNYSE:SFLNavigatorNYSE:NVGSDHTNYSE:DHTNavios Maritime PartnersNYSE:NMMView All CompetitorsInsiders & InstitutionsJanney Montgomery Scott LLCSold 335 shares on 2/1/2023Ownership: 0.082%JTC Employer Solutions Trustee LtdBought 36,786 shares on 1/18/2023Ownership: 0.178%Toroso Investments LLCSold 536 shares on 11/23/2022Ownership: 0.018%Balyasny Asset Management LLCBought 71,016 shares on 11/16/2022Ownership: 2.450%Jane Street Group LLCSold 42,200 shares on 11/16/2022Ownership: 0.000%View All Institutional Transactions DAC Stock - Frequently Asked Questions Should I buy or sell Danaos stock right now? 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Danaos in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street 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 analysts 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 stock price to reach $82.50 in the next year. This suggests a possible upside of 34.6% 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 2023? Danaos' stock was trading at $52.66 at the start of the year. Since then, DAC stock has increased by 16.4% and is now trading at $61.29. View the best growth stocks for 2023 here. Are investors shorting Danaos? Danaos saw a decrease in short interest in December. As of December 30th, there was short interest totaling 676,600 shares, a decrease of 8.5% from the December 15th total of 739,800 shares. Based on an average trading volume of 185,000 shares, the short-interest ratio is currently 3.7 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) announced its quarterly earnings results on Monday, November, 7th. The shipping company reported $8.71 earnings per share for the quarter, topping analysts' consensus estimates of $7.42 by $1.29. The shipping company earned $260.04 million during the quarter, compared to analysts' expectations of $232.29 million. Danaos had a net margin of 59.89% and a trailing twelve-month return on equity of 29.89%. How often does Danaos pay dividends? What is the dividend yield for Danaos? Danaos announced a quarterly dividend on Monday, November 7th. Stockholders 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 4.89%. 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 5.16%. 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 11.57% 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 JTC Employer Solutions Trustee Ltd (0.18%), Janney Montgomery Scott LLC (0.08%) and Concourse Financial Group Securities Inc. (0.00%). 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 $61.29. How much money does Danaos make? Danaos (NYSE:DAC) has a market capitalization of $1.27 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 2/2/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free 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 from 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. 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