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NYSE:DAC

Danaos - DAC Stock Forecast, Price & News

$61.61
+1.10 (+1.82%)
(As of 02/7/2023 12:00 AM ET)
Add
Compare
Today's Range
$59.75
$61.92
50-Day Range
$51.46
$61.61
52-Week Range
$51.10
$107.47
Volume
182,411 shs
Average Volume
138,249 shs
Market Capitalization
$1.28 billion
P/E Ratio
2.22
Dividend Yield
5.00%
Price Target
$82.50

Danaos MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
33.9% Upside
$82.50 Price Target
Short Interest
Healthy
5.58% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.09mentions of Danaos in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-24.71%
From $34.56 to $26.02 Per Share

Overall MarketRank

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

2.84 out of 5 stars

Transportation Sector

10th out of 119 stocks

Deep Sea Foreign Transportation Of Freight Industry

4th out of 29 stocks

DAC stock logo

About Danaos (NYSE:DAC) Stock

Danaos 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.

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DAC Stock News Headlines

Danaos (DAC) Scheduled to Post Quarterly Earnings on Monday
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
Danaos Corporation Announces Senior Notes Repurchase
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
Danaos (DAC) Just Overtook the 50-Day Moving Average
Danaos (DAC) Just Reclaimed the 20-Day Moving Average
Danaos: The Best Of The Containership Lessors
Analysts Forecast 23% Upside For CVY - Nasdaq
Danaos Corporation (DAC)
Danaos is Oversold
See More Headlines
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DAC Company Calendar

Last Earnings
11/07/2021
Ex-Dividend for 11/30 Dividend
11/17/2022
Dividend Payable
11/30/2022
Today
2/07/2023
Next Earnings (Confirmed)
2/14/2023
Fiscal Year End
12/31/2023

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
$82.50
High Stock Price Forecast
$100.00
Low Stock Price Forecast
$65.00
Forecasted Upside/Downside
+33.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$1.05 billion
Pretax Margin
61.99%

Debt

Sales & Book Value

Annual Sales
$689.51 million
Cash Flow
$23.88 per share
Book Value
$100.79 per share

Miscellaneous

Free Float
12,223,000
Market Cap
$1.28 billion
Optionable
Not Optionable
Beta
1.58

Key Executives

  • John CoustasJohn Coustas
    Chairman, President & Chief Executive Officer
  • Iraklis ProkopakisIraklis Prokopakis
    COO, Treasurer, Director & Senior Vice President
  • Evangelos ChatzisEvangelos Chatzis
    Chief Financial Officer & Secretary
  • Dimitris Vastarouchas
    Technical Director & Deputy COO













DAC Stock - Frequently Asked Questions

Should I buy or sell Danaos stock right now?

2 Wall Street 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 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 brokerages have issued 12 month price objectives for Danaos' stock. 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 year. This suggests a possible upside of 35.0% 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 shares have increased by 16.0% and is now trading at $61.09.
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 presently 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 Tuesday, February 14th 2023.
View our DAC earnings forecast
.

How can I listen to Danaos' earnings call?

Danaos will be holding an earnings conference call on Wednesday, February 15th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "6753609 #".

How were Danaos' earnings last quarter?

Danaos Co. (NYSE:DAC) announced its earnings results on Sunday, November, 7th. The shipping company reported $5.32 earnings per share for the quarter, topping the consensus estimate of $3.26 by $2.06. The shipping company earned $195.92 million during the quarter, compared to analysts' expectations of $157.88 million. Danaos had a trailing twelve-month return on equity of 29.89% and a net margin of 59.89%. During the same quarter in the previous year, the firm posted $1.91 EPS.

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

Danaos declared a quarterly dividend on Monday, November 7th. Investors 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 4.91%. The ex-dividend date 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 5.00%. 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 11.53% 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 many different institutional and retail investors. Top institutional shareholders include JTC Employer Solutions Trustee Ltd (0.18%), Simplex Trading LLC (0.00%), Janney Montgomery Scott LLC (0.08%), Navellier & Associates Inc. (0.04%), Y.D. More Investments Ltd (0.02%) 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 $61.09.

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 2/7/2023 by MarketBeat.com Staff