NYSE:DAC - Danaos Stock Price, Forecast & News

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

Danaos Co. (NYSE:DAC) released its quarterly earnings data on Monday, February, 10th. The shipping company reported $2.01 EPS for the quarter, beating the Zacks' consensus estimate of $1.67 by $0.34. The shipping company earned $110.20 million during the quarter, compared to analysts' expectations of $103.20 million. Danaos had a net margin of 29.35% and a return on equity of 19.63%. View Danaos' Earnings History.

Danaos is scheduled to release their next quarterly earnings announcement on Monday, May 11th 2020. View Earnings Estimates for Danaos.

2 Wall Street analysts have issued twelve-month target prices for Danaos' shares. Their forecasts range from $8.00 to $9.00. On average, they anticipate Danaos' stock price to reach $8.50 in the next year. This suggests a possible upside of 23.4% from the stock's current price. View Analyst Price Targets for Danaos.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Danaos in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Danaos.

News stories about DAC stock have trended negative on Wednesday, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Danaos earned a media sentiment score of -2.7 on InfoTrie's scale. They also assigned news articles about the shipping company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the next several days. View News Stories for Danaos.

Danaos saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 399,600 shares, an increase of 18.5% from the January 15th total of 337,200 shares. Based on an average trading volume of 212,800 shares, the days-to-cover ratio is currently 1.9 days. Approximately 3.8% of the company's shares are sold short. View Danaos' Current Options Chain.

Some companies that are related to Danaos include Navigator (NVGS), DryShips (DRYS), Teekay (TK), Genco Shipping & Trading (GNK), TSAKOS ENERGY N/SH (TNP), Scorpio Bulkers (SALT), Diana Shipping (DSX), Eagle Bulk Shipping (EGLE), Capital Product Partners (CPLP), Ardmore Shipping (ASC), SEACOR Marine (SMHI), Overseas Shipholding Group (OSG), Safe Bulkers (SB), Global Ship Lease (GSL) and Pangaea Logistics Solutions (PANL).

Based on aggregate information from My MarketBeat watchlists, some companies that other Danaos investors own include Energy Transfer LP Unit (ET), Enbridge (ENB), Capital Product Partners (CPLP), AbbVie (ABBV), Enterprise Products Partners (EPD), New Residential Investment (NRZ), AT&T (T), BGC Partners (BGCP), Eagle Bulk Shipping (EGLE) and Netflix (NFLX).

Danaos' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Renaissance Technologies LLC (0.63%), Laurion Capital Management LP (0.10%), Marshall Wace North America L.P. (0.06%), Marshall Wace LLP (0.06%) and FNY Investment Advisers LLC (0.05%).

DAC stock was bought by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Laurion Capital Management LP, Marshall Wace North America L.P., Marshall Wace LLP and FNY Investment Advisers LLC.

Shares of DAC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of DAC stock can currently be purchased for approximately $6.89.

Danaos has a market capitalization of $167.92 million and generates $447.24 million in revenue each year. The shipping company earns $131.25 million in net income (profit) each year or $9.17 on an earnings per share basis. Danaos employs 1,104 workers across the globe.View Additional Information About Danaos.

The official website for Danaos is http://www.danaos.com/.

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