Danaos - DAC Stock Forecast, Price & News

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.

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.

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.
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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.

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

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.

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.

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.

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.

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).

Danaos trades on the New York Stock Exchange (NYSE) under the ticker symbol "DAC."

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%).

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.
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One share of DAC stock can currently be purchased for approximately $52.64.

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.

The company employs 1,715 workers across the globe.

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.