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S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: Asian shares meander after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: Asian shares meander after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: Asian shares meander after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
NYSE:DAC

Danaos (DAC) Stock Price, News & Analysis

$72.54
+0.57 (+0.79%)
(As of 03/27/2024 ET)
Today's Range
$72.10
$72.79
50-Day Range
$69.63
$77.75
52-Week Range
$52.46
$80.39
Volume
54,483 shs
Average Volume
108,305 shs
Market Capitalization
$1.41 billion
P/E Ratio
2.50
Dividend Yield
4.41%
Price Target
$90.00

Danaos MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
24.1% Upside
$90.00 Price Target
Short Interest
Bearish
5.11% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-16.53%
From $31.33 to $26.15 Per Share

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.

2.47 out of 5 stars

Transportation Sector

68th out of 114 stocks

Deep Sea Foreign Transportation Of Freight Industry

19th out of 25 stocks

DAC stock logo

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 February 28, 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.

DAC Stock Price History

DAC Stock News Headlines

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Danaos Corporation (DAC) Q4 2023 Earnings Call Transcript
Should Value Investors Buy Danaos (DAC) Stock?
Danaos Full Year 2023 Earnings: Revenues Disappoint
Danaos: Q4 Earnings Snapshot
Danaos: Q4 Earnings Insights
Danaos's Earnings: A Preview
Danaos: Just Far Too Cheap, It's A Buy
Danaos price target raised by $10 at Jefferies, here's why
Danaos Corp.
See More Headlines
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Company Calendar

Last Earnings
2/13/2024
Ex-Dividend for 3/14 Dividend
2/27/2024
Dividend Payable
3/14/2024
Today
3/27/2024
Next Earnings (Estimated)
5/20/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Employees
1,718
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$90.00
High Stock Price Target
$90.00
Low Stock Price Target
$90.00
Potential Upside/Downside
+24.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$576.30 million
Pretax Margin
59.19%

Debt

Sales & Book Value

Annual Sales
$973.58 million
Cash Flow
$34.71 per share
Book Value
$148.22 per share

Miscellaneous

Free Float
11,457,000
Market Cap
$1.41 billion
Optionable
Optionable
Beta
1.30
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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 analysts have issued 12-month target prices for Danaos' shares. Their DAC share price targets range from $90.00 to $90.00. On average, they expect the company's stock price to reach $90.00 in the next year. This suggests a possible upside of 24.1% 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 stock has decreased by 2.1% and is now trading at $72.54.
View the best growth stocks for 2024 here
.

Are investors shorting Danaos?

Danaos saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 496,200 shares, an increase of 6.9% from the January 31st total of 464,100 shares. Based on an average daily volume of 114,600 shares, the short-interest ratio is currently 4.3 days. Approximately 5.0% of the shares of the company 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, May 20th 2024.
View our DAC earnings forecast
.

How were Danaos' earnings last quarter?

Danaos Co. (NYSE:DAC) announced its quarterly earnings data on Tuesday, February, 13th. The shipping company reported $6.99 earnings per share for the quarter, missing the consensus estimate of $7.70 by $0.71. The shipping company earned $249.32 million during the quarter, compared to analyst estimates of $254.37 million. Danaos had a trailing twelve-month return on equity of 19.94% and a net margin of 59.19%.

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

Danaos declared a quarterly dividend on Tuesday, February 13th. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.80 per share on Thursday, March 14th. This represents a $3.20 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date of this dividend is Tuesday, February 27th.
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 4.44%. DAC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 11.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DAC will have a dividend payout ratio of 12.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DAC.

What ETFs hold Danaos' stock?

ETFs with the largest weight of Danaos (NYSE:DAC) stock in their portfolio include U.S. Global Sea to Sky Cargo ETF (SEA).SonicShares Global Shipping ETF (BOAT).

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 a number of institutional and retail investors. Top institutional shareholders include No Street GP LP (1.47%), Balyasny Asset Management L.P. (1.37%), Citadel Advisors LLC (0.00%), Foundry Partners LLC (0.38%), Voloridge Investment Management LLC (0.31%) and Charles Schwab Investment Management Inc. (0.30%).
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 3/28/2024 by MarketBeat.com Staff

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