Danaos Stock Forecast, Price & News

3 Wall Street equities 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 equities research analysts is that investors should "moderate buy" Danaos stock.
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3 brokerages have issued 1 year price objectives for Danaos' stock. Their DAC stock forecasts range from $90.00 to $125.00. On average, they anticipate Danaos' stock price to reach $107.50 in the next twelve months. This suggests a possible upside of 64.3% from the stock's current price.
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Danaos' stock was trading at $74.65 on January 1st, 2022. Since then, DAC shares have decreased by 12.4% and is now trading at $65.42.
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Danaos saw a increase in short interest in the month of May. As of May 31st, there was short interest totaling 922,400 shares, an increase of 23.2% from the May 15th total of 748,900 shares. Based on an average daily trading volume, of 465,400 shares, the short-interest ratio is currently 2.0 days. Currently, 8.2% of the company's shares are short sold.
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Danaos is scheduled to release its next quarterly earnings announcement on Monday, August 1st 2022.
View our earnings forecast for Danaos.

Danaos Co. (NYSE:DAC) released its quarterly earnings results on Monday, May, 16th. The shipping company reported $11.36 earnings per share for the quarter, topping analysts' consensus estimates of $6.11 by $5.25. The shipping company earned $229.90 million during the quarter, compared to analyst estimates of $212.86 million. Danaos had a trailing twelve-month return on equity of 26.55% and a net margin of 138.14%. During the same quarter last year, the business earned $2.63 earnings per share.
View Danaos' earnings history.

Danaos declared a quarterly dividend on Monday, May 16th. Shareholders of record on Friday, May 27th will be paid a dividend of $0.75 per share on Wednesday, June 8th. This represents a $3.00 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date is Thursday, May 26th.
View Danaos' dividend history.

Danaos(NYSE:DAC) pays an annual dividend of $3.00 per share and currently has a dividend yield of 4.84%. DAC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Danaos does not yet have a strong track record of dividend growth. The dividend payout ratio of Danaos is 5.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Danaos will have a dividend payout ratio of 10.96% next year. This indicates that Danaos will be able to sustain or increase its dividend.
View Danaos' dividend history.

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.

Some companies that are related to Danaos include Atlas (ATCO), Euronav (EURN), Star Bulk Carriers (SBLK), Scorpio Tankers (STNG), Pacific Basin Shipping (PCFBY), Frontline (FRO), Costamare (CMRE), SFL (SFL), DHT (DHT), Navigator (NVGS), Genco Shipping & Trading (GNK), Navios Maritime Partners (NMM), Eagle Bulk Shipping (EGLE), Global Ship Lease (GSL) and Dorian LPG (LPG).
View all of DAC's competitors.

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 institutional and retail investors. Top institutional investors include Arrowstreet Capital Limited Partnership (1.74%), Jane Street Group LLC (0.00%), PEAK6 Investments LLC (0.00%), Acadian Asset Management LLC (0.98%), Dorsey Wright & Associates (0.53%) and State Street Corp (0.45%).

DAC stock was sold by a variety of institutional investors in the last quarter, including Mackenzie Financial Corp, Lonestar Capital Management LLC, Advisor Group Holdings Inc., Invesco Ltd., GSA Capital Partners LLP, BlackRock Inc., HAP Trading LLC, and Dorsey Wright & Associates.

DAC stock was acquired by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Walleye Trading LLC, Jane Street Group LLC, Renaissance Technologies LLC, Simplex Trading LLC, Allianz Asset Management GmbH, Group One Trading L.P., and Cutler Group LP.

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.
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One share of DAC stock can currently be purchased for approximately $65.42.

Danaos (NYSE:DAC) has a market capitalization of $1.36 billion and generates $689.51 million in revenue each year. The shipping company earns $1.05 billion in net income (profit) each year or $52.699990 on an earnings per share basis.

Danaos employs 1,715 workers across the globe.

Danaos' mailing address is 14 AKTI KONDYLI, Piraeus J3, 185 45. The official website for Danaos is www.danaos.com. The shipping company can be reached via phone at 302104196480, via email at [email protected], or via fax at 30 210 419 6480.