NYSE:DACDanaos Stock Price, Forecast & News

$4.07

+0.02 (+0.49 %)

(As of 06/3/2020 04:00 PM ET)

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Today's Range

$4.00

Now: $4.07▼

$4.13

50-Day Range

$3.75

MA: $4.37▼

$4.89

52-Week Range

$2.50

Now: $4.07▼

$13.12

Volume32,100 shs

Average Volume120,210 shs

Market Capitalization$100.89 million

P/E Ratio0.57

Dividend YieldN/A

Beta1.14

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.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
Danaos 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/Downside
According to analysts' consensus price target of $8.50, Danaos has a potential upside of 108.8% from its current price of $4.07.
Amount of Analyst Coverage
Danaos has received no research coverage in the past 90 days.

1.8 Community Rank

Outperform Votes
Danaos has received 156 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Danaos has received 284 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Danaos has received 64.55% “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.

0.0 Dividend Strength

Dividend Yield
Danaos does not currently pay a dividend.
Dividend Growth
Danaos does not have a long track record of dividend growth.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Danaos insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 27.04% of the stock of Danaos is held by institutions.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Danaos are expected to grow by 1.88% in the coming year, from $5.86 to $5.97 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Danaos is 0.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.10.
Price to Earnings Ratio vs. Sector
The P/E ratio of Danaos is 0.57, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 14.58.
Price to Book Value per Share Ratio
Danaos has a P/B Ratio of 0.11. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.51 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

Phone011-30-21-0449-6480

Debt

Debt-to-Equity Ratio1.51

Current Ratio0.69

Quick Ratio0.65

Price-To-Earnings

Trailing P/E Ratio0.57

Forward P/E Ratio0.69

P/E GrowthN/A

Sales & Book Value

Annual Sales$447.24 million

Price / Sales0.23

Cash Flow$11.00 per share

Price / Cash Flow0.37

Book Value$35.57 per share

Price / Book0.11

Profitability

EPS (Most Recent Fiscal Year)$9.17

Net Income$131.25 million

Net Margins28.81%

Return on Equity17.21%

Return on Assets5.40%

Miscellaneous

Employees1,148

Outstanding Shares24,789,000

Market Cap$100.89 million

Next Earnings Date8/3/2020 (Estimated)

OptionableNot Optionable

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Danaos (NYSE:DAC) Frequently Asked Questions

How has Danaos' stock been impacted by COVID-19 (Coronavirus)?

Danaos' stock was trading at $4.53 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, DAC shares have decreased by 10.2% and is now trading at $4.07. View which stocks have been most impacted by Coronavirus.

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, August 3rd 2020. View our earnings forecast for Danaos.

How were Danaos' earnings last quarter?

Danaos Co. (NYSE:DAC) posted its quarterly earnings data on Monday, May, 18th. The shipping company reported $1.34 EPS for the quarter, beating the Zacks' consensus estimate of $1.19 by $0.15. The shipping company earned $106.20 million during the quarter, compared to analyst estimates of $103.01 million. Danaos had a return on equity of 17.21% and a net margin of 28.81%. View Danaos' earnings history.

What price target have analysts set for DAC?

2 Wall Street analysts have issued 1-year price objectives for Danaos' stock. Their forecasts range from $8.00 to $9.00. On average, they anticipate Danaos' stock price to reach $8.50 in the next year. This suggests a possible upside of 108.8% from the stock's current price. View analysts' price targets for Danaos.

Has Danaos been receiving favorable news coverage?

Media coverage about DAC stock has been trending very negative this week, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Danaos earned a media sentiment score of -3.1 on InfoTrie's scale. They also gave news coverage about the shipping company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the immediate future. View the latest news aboutDanaos.

Who are some of Danaos' key competitors?

Some companies that are related to Danaos include Teekay (TK), TSAKOS ENERGY N/SH (TNP), Genco Shipping & Trading (GNK), Ardmore Shipping (ASC), Overseas Shipholding Group (OSG), Capital Product Partners (CPLP), Eagle Bulk Shipping (EGLE), Scorpio Bulkers (SALT), Diana Shipping (DSX), StealthGas (GASS), Safe Bulkers (SB), Pangaea Logistics Solutions (PANL), Navios Maritime Acquisition (NNA), Navios Maritime Partners (NMM) and Global Ship Lease (GSL). 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 Enbridge (ENB), Energy Transfer LP Unit (ET), Capital Product Partners (CPLP), New Residential Investment (NRZ), AbbVie (ABBV), Ashford Hospitality Trust (AHT), BGC Partners (BGCP), Cincinnati Bell (CBB), Eagle Bulk Shipping (EGLE) and Enterprise Products Partners (EPD).

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."

Who are Danaos' major shareholders?

Danaos' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include RBF Capital LLC (5.52%), MYDA Advisors LLC (0.82%), JPMorgan Chase & Co. (0.12%) and Morgan Stanley (0.06%).

Which major investors are selling Danaos stock?

DAC stock was sold by a variety of institutional investors in the last quarter, including RBF Capital LLC, MYDA Advisors LLC, and Morgan Stanley.

Which major investors are buying Danaos stock?

DAC stock was acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co..

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 $4.07.

How big of a company is Danaos?

Danaos has a market capitalization of $100.89 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 6/3/2020 by MarketBeat.com Staff