Danaos Stock Forecast, Price & News

-2.30 (-3.10 %)
(As of 06/17/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume445,552 shs
Average Volume580,668 shs
Market Capitalization$1.47 billion
P/E Ratio3.62
Dividend Yield2.70%
30 days | 90 days | 365 days | Advanced Chart
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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.


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Industry, Sector and Symbol

Sales & Book Value






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 -
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Danaos (NYSE:DAC) Frequently Asked Questions

Is Danaos a buy right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Danaos in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research 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 the month of 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 short-interest ratio is currently 2.5 days. Currently, 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) released its quarterly earnings data on Sunday, May, 9th. The shipping company reported $2.83 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $2.87 by $0.04. The shipping company had revenue of $132.12 million for 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 been impacted by Coronavirus (COVID-19)?

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 increased by 1,485.2% and is now trading at $71.81.
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 annualized dividend and a dividend yield of 2.79%. 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 equities research analysts have issued twelve-month price targets for Danaos' stock. Their forecasts range from $6.25 to $67.00. On average, they expect Danaos' share price to reach $44.42 in the next twelve months. This suggests that the stock has a possible downside of 38.1%.
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 a variety of 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 major 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 major 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 $71.81.

How much money does Danaos make?

Danaos has a market capitalization of $1.47 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
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