NYSE:DAC

Danaos Stock Forecast, Price & News

$76.17
-0.33 (-0.43 %)
(As of 09/21/2021 04:00 PM ET)
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Today's Range
$75.80
$78.40
50-Day Range
$62.14
$87.73
52-Week Range
$5.79
$89.41
Volume252,022 shs
Average Volume498,332 shs
Market Capitalization$1.57 billion
P/E Ratio2.09
Dividend Yield2.61%
Beta1.72
30 days | 90 days | 365 days | Advanced Chart
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About Danaos

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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Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous


MarketRank

Overall MarketRank

2.11 out of 5 stars

Transportation Sector

80th out of 172 stocks

Deep Sea Foreign Transportation Of Freight Industry

23rd out of 45 stocks

Analyst Opinion: 1.3Community Rank: 3.6Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 3.1 5 -4 -3 -2 -1 -
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Danaos (NYSE:DAC) Frequently Asked Questions

Is Danaos a buy right now?

3 Wall Street 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 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 August. As of August 13th, there was short interest totaling 1,180,000 shares, an increase of 292.8% from the July 29th total of 300,400 shares. Based on an average daily volume of 381,200 shares, the days-to-cover ratio is presently 3.1 days. Approximately 6.1% of the shares of the company are short sold.
View Danaos' Short Interest
.

When is Danaos' next earnings date?

Danaos is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for Danaos
.

How were Danaos' earnings last quarter?

Danaos Co. (NYSE:DAC) posted its quarterly earnings data on Sunday, August, 1st. The shipping company reported $3.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $3.26 by $0.08. The shipping company earned $146.43 million during the quarter, compared to analyst estimates of $141.96 million. Danaos had a net margin of 146.11% and a trailing twelve-month return on equity of 17.07%.
View Danaos' earnings history
.

How has Danaos' stock price been impacted by COVID-19?

Danaos' stock was trading at $4.53 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, DAC shares have increased by 1,581.5% and is now trading at $76.17.
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, August 2nd. Shareholders of record on Monday, August 16th will be given a dividend of $0.50 per share on Monday, August 30th. This represents a $2.00 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Friday, August 13th.
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 2.61%. Danaos does not yet have a strong track record of dividend growth. 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 9.93% 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 brokerages have issued 1-year price objectives for Danaos' stock. Their forecasts range from $6.25 to $90.00. On average, they expect Danaos' stock price to reach $54.42 in the next year. This suggests that the stock has a possible downside of 28.6%.
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:
  • John Coustas, Chairman, President & Chief Executive Officer
  • Iraklis Prokopakis, COO, Treasurer, Director & Senior Vice President
  • Evangelos Chatzis, Chief Financial Officer & Secretary
  • Dimitris Vastarouchas, Technical Director & Deputy COO

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 many different retail and institutional investors. Top institutional shareholders include Impala Asset Management LLC (4.06%), No Street GP LP (1.94%), Susquehanna International Group LLP (0.00%), Citadel Advisors LLC (0.00%), Mackenzie Financial Corp (0.44%) and Commonwealth Equity Services LLC (0.42%).

Which institutional investors are selling Danaos stock?

DAC stock was sold by a variety of institutional investors in the last quarter, including No Street GP LP, Renaissance Technologies LLC, Wolverine Trading LLC, Marshall Wace North America L.P., Group One Trading L.P., LPL Financial LLC, CIBC Private Wealth Group LLC, and Cubist Systematic Strategies LLC.

Which institutional investors are buying Danaos stock?

DAC stock was acquired by a variety of institutional investors in the last quarter, including Citadel Advisors LLC, Susquehanna International Group LLP, Millennium Management LLC, Marshall Wace LLP, Marshall Wace LLP, Simplex Trading LLC, Capital Fund Management S.A., and Wexford Capital LP.

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 $76.17.

How much money does Danaos make?

Danaos has a market capitalization of $1.57 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 1,449 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 302104196480 or via email at [email protected].


This page was last updated on 9/21/2021 by MarketBeat.com Staff
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