NYSE:DAC Danaos (DAC) Stock Price, News & Analysis → Biden Nomination CANCELED? (From The Freeport Society) (Ad) Free DAC Stock Alerts $96.74 +2.65 (+2.82%) (As of 05/31/2024 ET) Add Compare Share Share Today's Range$94.72▼$96.9150-Day Range$71.97▼$96.7452-Week Range$57.75▼$96.92Volume150,009 shsAverage Volume123,380 shsMarket Capitalization$1.88 billionP/E Ratio3.28Dividend Yield3.31%Price Target$105.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Danaos alerts: Email Address Danaos MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside8.5% Upside$105.00 Price TargetShort InterestHealthy4.31% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.12Based on 21 Articles This WeekInsider TradingN/AProj. Earnings Growth-8.57%From $29.18 to $26.68 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.1.84 out of 5 starsTransportation Sector65th out of 116 stocksDeep Sea Foreign Transportation Of Freight Industry12th out of 29 stocks 1.5 Analyst's Opinion Consensus RatingDanaos has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Amount of Analyst CoverageDanaos has only been the subject of 1 research reports in the past 90 days.Read more about Danaos' stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.31% of the float of Danaos has been sold short.Short Interest Ratio / Days to CoverDanaos has a short interest ratio ("days to cover") of 4.6.Change versus previous monthShort interest in Danaos has recently decreased by 4.01%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend YieldDanaos pays a meaningful dividend of 3.50%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthDanaos has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Danaos is 10.86%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Danaos will have a dividend payout ratio of 11.99% next year. This indicates that Danaos will be able to sustain or increase its dividend.Read more about Danaos' dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for DAC. Previous Next 2.3 News and Social Media Coverage News SentimentDanaos has a news sentiment score of 0.12. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.65 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 21 news articles for Danaos this week, compared to 2 articles on an average week.Search Interest12 people have searched for DAC on MarketBeat in the last 30 days. This is an increase of 9% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added Danaos to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Danaos insiders have not sold or bought any company stock.Percentage Held by Insiders41.00% of the stock of Danaos is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 19.01% of the stock of Danaos is held by institutions.Read more about Danaos' insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Danaos are expected to decrease by -8.57% in the coming year, from $29.18 to $26.68 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Danaos is 3.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.35.Price to Earnings Ratio vs. SectorThe P/E ratio of Danaos is 3.28, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 21.75.Price to Book Value per Share RatioDanaos has a P/B Ratio of 0.60. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Danaos' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto 101 MediaThe #1 Crypto That You Don’t Own… YetThere’s all kinds of “signals” to follow when investing in cryptos. But there’s one signal you should pay attention to above all others: Venture capital firms. You want to follow venture capital money into cryptocurrencies before anyone gets word of what’s happening.Click here for all the details… About Danaos Stock (NYSE:DAC)Danaos Corporation, together with its subsidiaries, provides container and drybulk vessels services in Australia, Asia, and Europe. The company offers seaborne transportation services by operating vessels in the containership and drybulk sectors of the shipping industry. As of April 03, 2024, it had a fleet of 68 containerships aggregating 421,293 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 1963 and is based in Piraeus, Greece.Read More DAC Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart DAC Stock News HeadlinesMay 31 at 7:24 AM | americanbankingnews.comDanaos (NYSE:DAC) Issues Earnings Results, Misses Estimates By $0.56 EPSMay 31 at 1:24 AM | americanbankingnews.comDanaos (NYSE:DAC) Trading 3% Higher After Dividend AnnouncementMay 30 at 7:58 AM | americanbankingnews.comDanaos Co. (DAC) To Go Ex-Dividend on June 11thMay 30 at 2:50 AM | americanbankingnews.comJefferies Financial Group Increases Danaos (NYSE:DAC) Price Target to $105.00May 29 at 2:03 PM | msn.comDanaos Corporation (NYSE:DAC) Q1 2024 Earnings Call TranscriptMay 29 at 2:03 AM | gurufocus.comQ1 2024 Danaos Corp Earnings Call TranscriptMay 28, 2024 | msn.comDanaos Navigates Rough Waters: Q1 Earnings Fall Short Despite Revenue Growth And Strategic ExpansionsMay 28, 2024 | investorplace.comDAC Stock Earnings: Danaos Misses EPS, Misses Revenue for Q1 2024May 28, 2024 | seekingalpha.comDanaos Q1 Earnings: 4 Reasons Why I Am Maintaining My Buy RatingMay 28, 2024 | businesswire.comDanaos Corporation Reports First Quarter Results for Period Ended March 31, 2024May 27, 2024 | markets.businessinsider.comWhat Wall Street expects from Danaos's earningsMay 23, 2024 | seekingalpha.comDanaos: Could A Take Private Deal Be In The Works?May 22, 2024 | finance.yahoo.comReturns On Capital Are Showing Encouraging Signs At Danaos (NYSE:DAC)May 10, 2024 | businesswire.comDanaos Corporation Announces Date for the Release of First Quarter 2024 Results, Conference Call and WebcastApril 30, 2024 | finance.yahoo.comDanaos (DAC) Stock Moves -0.75%: What You Should KnowApril 29, 2024 | msn.comTop 4 Industrials Stocks That May Collapse This QuarterApril 29, 2024 | seekingalpha.comDanaos: The Valuation Math Still Heavily Favors BullsApril 18, 2024 | finance.yahoo.comDanaos (DAC) Stock Moves -0.15%: What You Should KnowApril 16, 2024 | finance.yahoo.comDanaos Corporation (DAC) Interactive Stock Chart - Yahoo FinanceApril 3, 2024 | finance.yahoo.comWhat Is Danaos Corporation's (NYSE:DAC) Share Price Doing?April 1, 2024 | seekingalpha.comDanaos: Feeling Frustrated? This Is Your Permission Slip To Get OutMarch 25, 2024 | finance.yahoo.comDAC Oct 2024 75.000 callMarch 18, 2024 | seekingalpha.comEuroseas: Dividend Growth, But Debt Surge LoomsMarch 14, 2024 | seekingalpha.comMPC Container Ships: Excellent Performance, Poor MarketMarch 13, 2024 | finance.yahoo.comThose who invested in Danaos (NYSE:DAC) five years ago are up 529%See More Headlines Receive DAC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Danaos and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 3/14 Dividend2/27/2024Dividend Payable3/14/2024Last Earnings5/28/2024Today6/01/2024Ex-Dividend for 6/20 Dividend6/11/2024Dividend Payable6/20/2024Next Earnings (Estimated)8/05/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorTransportation Industry Deep sea foreign transportation of freight Sub-IndustryN/A Current SymbolNYSE:DAC CUSIPN/A CIK1369241 Webwww.danaos.com Phone302104196480Fax30 210 419 6480Employees1,718Year FoundedN/APrice Target and Rating Average Stock Price Target$105.00 High Stock Price Target$105.00 Low Stock Price Target$105.00 Potential Upside/Downside+8.5%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$29.46 Trailing P/E Ratio3.28 Forward P/E Ratio3.32 P/E GrowthN/ANet Income$576.30 million Net Margins59.04% Pretax Margin59.04% Return on Equity18.99% Return on Assets15.50% Debt Debt-to-Equity Ratio0.14 Current Ratio3.89 Quick Ratio2.84 Sales & Book Value Annual Sales$973.58 million Price / Sales1.93 Cash Flow$36.37 per share Price / Cash Flow2.66 Book Value$162.21 per share Price / Book0.60Miscellaneous Outstanding Shares19,420,000Free Float11,457,000Market Cap$1.88 billion OptionableOptionable Beta1.30 A Guide To High-Short-Interest StocksMarketBeat's analysts have just released their top five short plays for June 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesDr. John Coustas (Age 68)Chairman, President & CEO Mr. Evangelos Chatzis (Age 51)VP, CFO, Treasurer & Secretary Mr. Dimitris Vastarouchas (Age 56)VP & COO Mr. Filippos Prokopakis (Age 41)Chief Commercial Officer Key CompetitorsFrontlineNYSE:FROScorpio TankersNYSE:STNGTORMNASDAQ:TRMDZIM Integrated Shipping ServicesNYSE:ZIMStar Bulk CarriersNASDAQ:SBLKView All CompetitorsInsiders & InstitutionsTidal Investments LLCBought 382 shares on 5/17/2024Ownership: 0.061%Murchinson Ltd.Bought 9,000 shares on 5/16/2024Ownership: 0.046%Lazard Asset Management LLCSold 23,483 shares on 5/15/2024Ownership: 0.288%Quadrature Capital LtdSold 247 shares on 5/15/2024Ownership: 0.128%O Shaughnessy Asset Management LLCBought 8,839 shares on 5/13/2024Ownership: 0.127%View All Insider TransactionsView All Institutional Transactions DAC Stock Analysis - Frequently Asked Questions Should I buy or sell Danaos stock right now? 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Danaos in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" DAC shares. View DAC analyst ratings or view top-rated stocks. What is Danaos' stock price target for 2024? 1 brokers have issued 1-year price targets for Danaos' stock. Their DAC share price targets range from $105.00 to $105.00. On average, they expect the company's stock price to reach $105.00 in the next twelve months. This suggests a possible upside of 8.5% 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 2024? Danaos' stock was trading at $74.06 on January 1st, 2024. Since then, DAC shares have increased by 30.6% and is now trading at $96.74. View the best growth stocks for 2024 here. Are investors shorting Danaos? Danaos saw a decrease in short interest in the month of April. As of April 30th, there was short interest totaling 446,900 shares, a decrease of 12.8% from the April 15th total of 512,300 shares. Based on an average trading volume of 91,900 shares, the short-interest ratio is presently 4.9 days. Currently, 4.5% of the shares of the stock are sold short. View Danaos' Short Interest. When is Danaos' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, August 5th 2024. View our DAC earnings forecast. How were Danaos' earnings last quarter? Danaos Co. (NYSE:DAC) issued its quarterly earnings results on Tuesday, May, 28th. The shipping company reported $7.15 earnings per share for the quarter, missing analysts' consensus estimates of $7.71 by $0.56. The shipping company had revenue of $253.45 million for the quarter. Danaos had a trailing twelve-month return on equity of 18.99% and a net margin of 59.04%. During the same quarter in the prior year, the business earned $7.14 earnings per share. How often does Danaos pay dividends? What is the dividend yield for Danaos? Danaos declared a quarterly dividend on Tuesday, May 28th. Shareholders of record on Tuesday, June 11th will be given a dividend of $0.80 per share on Thursday, June 20th. This represents a $3.20 annualized dividend and a yield of 3.31%. The ex-dividend date is Tuesday, June 11th. Read our dividend analysis for DAC. Is Danaos a good dividend stock? Danaos (NYSE:DAC) pays an annual dividend of $3.20 per share and currently has a dividend yield of 3.50%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 10.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DAC will have a dividend payout ratio of 11.99% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for DAC. What ETF holds Danaos' stock? SonicShares Global Shipping ETF holds 9,057 shares of DAC stock, representing 1.45% of its portfolio. 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). Who are Danaos' major shareholders? Danaos' stock is owned by many different retail and institutional investors. Top institutional shareholders include Acadian Asset Management LLC (3.04%), Foundry Partners LLC (0.45%), Commonwealth Equity Services LLC (0.40%), Lazard Asset Management LLC (0.29%), Significant Wealth Partners LLC (0.23%) and Russell Investments Group Ltd. (0.20%). View institutional ownership trends. 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:DAC) was last updated on 6/1/2024 by MarketBeat.com Staff From Our PartnersThe ONE AI Stock to own now. (It’s not Nvidia.)Weiss RatingsThe #1 Crypto That You Don’t Own… YetCrypto 101 MediaBiden Nomination CANCELED?The Freeport SocietyMAJOR BUY SIGNAL: Move Fast, Washington/Pelosi/Mill…AltimetryUnlock Explosive Gains with This Defense StockBehind the MarketsMust-See: Elon’s New Invention is Absolutely InsaneInvestorPlaceClaim Your Complimentary Bitcoin RewardCrypto Swap ProfitsTrump’s Gift Could Unleash $51 Billion in New WealthWealthpin Pro Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Danaos Co. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
