Danaos (DAC) Stock Price, News & Analysis

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Danaos in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" DAC shares.
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1 Wall Street analysts have issued 1 year price objectives for Danaos' shares. Their DAC share price targets range from $90.00 to $90.00. On average, they expect the company's share price to reach $90.00 in the next twelve months. This suggests a possible upside of 25.0% from the stock's current price.
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Danaos' stock was trading at $74.06 at the start of the year. Since then, DAC stock has decreased by 2.8% and is now trading at $72.02.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 20th 2024.
View our DAC earnings forecast.

Danaos Co. (NYSE:DAC) announced its quarterly earnings results on Tuesday, February, 13th. The shipping company reported $6.99 EPS 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 analysts' expectations of $254.37 million. Danaos had a net margin of 59.19% and a trailing twelve-month return on equity of 19.94%.

Danaos announced a quarterly dividend on Tuesday, February 13th. Stockholders 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 annualized dividend and a yield of 4.44%. The ex-dividend date is Tuesday, February 27th.
Read our dividend analysis for DAC.

Danaos (NYSE:DAC) pays an annual dividend of $3.20 per share and currently has a dividend yield of 4.42%. 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.

SonicShares Global Shipping ETF holds 9,049 shares of DAC stock, representing 1.49% of its portfolio.

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.

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' stock is owned by a number of retail and institutional investors. Top institutional shareholders include DGS Capital Management LLC (0.08%).
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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.
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