NYSE:DAC Danaos (DAC) Stock Price, News & Analysis → Don’t Miss Out on the AI Gold Rush That’s Just Getting Started (From Banyan Hill Publishing) (Ad) Free DAC Stock Alerts $73.89 +0.93 (+1.27%) (As of 04/22/2024 ET) Add Compare Share Share Today's Range$72.72▼$74.0050-Day Range$69.63▼$75.4552-Week Range$53.89▼$80.39Volume79,653 shsAverage Volume103,249 shsMarket Capitalization$1.43 billionP/E Ratio2.55Dividend Yield4.33%Price Target$90.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Danaos alerts: Email Address Danaos MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside21.8% Upside$90.00 Price TargetShort InterestBearish5.20% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.29Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth-16.53%From $31.33 to $26.15 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.2.77 out of 5 starsTransportation Sector72nd out of 111 stocksDeep Sea Foreign Transportation Of Freight Industry20th out of 26 stocks 2.5 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. Previous Next 1.0 Short Interest Percentage of Shares Shorted5.20% of the float of Danaos has been sold short.Short Interest Ratio / Days to CoverDanaos has a short interest ratio ("days to cover") of 5.Change versus previous monthShort interest in Danaos has recently increased by 1.60%, indicating that investor sentiment is decreasing. Previous Next 3.3 Dividend Strength Dividend LeadershipDanaos is a leading dividend payer. It pays a dividend yield of 4.39%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthDanaos has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Danaos is 11.05%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Danaos will have a dividend payout ratio of 12.24% next year. This indicates that Danaos will be able to sustain or increase its 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 2.9 News and Social Media Coverage News SentimentDanaos has a news sentiment score of 0.29. 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 0.39 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Danaos this week, compared to 2 articles on an average week.Search Interest11 people have searched for DAC on MarketBeat in the last 30 days. This is an increase of 175% compared to the previous 30 days.MarketBeat Follows6 people have added Danaos to their MarketBeat watchlist in the last 30 days. This is an increase of 100% 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. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Danaos are expected to decrease by -16.53% in the coming year, from $31.33 to $26.15 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Danaos is 2.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.34.Price to Earnings Ratio vs. SectorThe P/E ratio of Danaos is 2.55, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 16.93.Price to Book Value per Share RatioDanaos has a P/B Ratio of 0.50. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Banyan Hill PublishingDon’t Miss Out on the AI Gold Rush That’s Just Getting Started“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.See how you can invest alongside him 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 HeadlinesApril 21, 2024 | americanbankingnews.comHead-To-Head Analysis: Toro (NASDAQ:TORO) vs. Danaos (NYSE:DAC)April 20, 2024 | americanbankingnews.comHead to Head Survey: Danaos (NYSE:DAC) vs. C3is (NASDAQ:CISS)April 23, 2024 | Traders Agency (Ad)top AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.April 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 callApril 23, 2024 | Traders Agency (Ad)top AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.March 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%March 4, 2024 | businesswire.comDanaos Corporation Announces Availability of its Annual Report on Form 20-F for the Year Ended December 31, 2023March 4, 2024 | businesswire.comDanaos Corporation Announces Availability of its Annual Report on Form 20-F for the Year Ended December 31, 2023February 22, 2024 | benzinga.comMonday Is Your Last Chance To Buy Danaos Before The Dividend PayoutFebruary 17, 2024 | seekingalpha.comDanaos Corporation (DAC) Q4 2023 Earnings Call TranscriptFebruary 15, 2024 | finance.yahoo.comShould Value Investors Buy Danaos (DAC) Stock?February 15, 2024 | finance.yahoo.comDanaos (DAC) Upgraded to Buy: What Does It Mean for the Stock?February 15, 2024 | finance.yahoo.comDanaos Full Year 2023 Earnings: Revenues DisappointFebruary 15, 2024 | finance.yahoo.comDanaos Corporation (NYSE:DAC) Q4 2023 Earnings Call TranscriptFebruary 14, 2024 | seekingalpha.comDanaos Corporation 2023 Q4 - Results - Earnings Call PresentationFebruary 13, 2024 | sfgate.comDanaos: Q4 Earnings SnapshotFebruary 13, 2024 | benzinga.comDanaos: Q4 Earnings InsightsFebruary 13, 2024 | finance.yahoo.comDanaos Corporation Reports Results for the Fourth Quarter and Year Ended December 31, 2023February 13, 2024 | businesswire.comDanaos Corporation Reports Results for the Fourth Quarter and Year Ended December 31, 2023February 12, 2024 | benzinga.comDanaos's Earnings: A PreviewFebruary 10, 2024 | finance.yahoo.comWith 49% ownership, Danaos Corporation (NYSE:DAC) insiders have a lot at stakeSee 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 Last Earnings2/13/2024Ex-Dividend for 3/14 Dividend2/27/2024Dividend Payable3/14/2024Today4/22/2024Next Earnings (Estimated)5/20/2024Fiscal 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$90.00 High Stock Price Target$90.00 Low Stock Price Target$90.00 Potential Upside/Downside+21.8%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$28.96 Trailing P/E Ratio2.55 Forward P/E Ratio2.36 P/E GrowthN/ANet Income$576.30 million Net Margins59.19% Pretax Margin59.19% Return on Equity19.94% Return on Assets16.01% Debt Debt-to-Equity Ratio0.13 Current Ratio2.98 Quick Ratio2.84 Sales & Book Value Annual Sales$973.58 million Price / Sales1.47 Cash Flow$34.85 per share Price / Cash Flow2.12 Book Value$148.22 per share Price / Book0.50Miscellaneous Outstanding Shares19,420,000Free Float11,457,000Market Cap$1.43 billion OptionableOptionable Beta1.30 A Guide To High-Short-Interest StocksMarketBeat's analysts have just released their top five short plays for May 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 CompetitorsCostamareNYSE:CMRENavios Maritime PartnersNYSE:NMMDorian LPGNYSE:LPGZIM Integrated Shipping ServicesNYSE:ZIMNavigatorNYSE:NVGSView All CompetitorsInsiders & InstitutionsDGS Capital Management LLCBought 1,770 shares on 4/15/2024Ownership: 0.076%Nomura Holdings Inc.Sold 4,700 shares on 3/27/2024Ownership: 0.030%Quadrature Capital LtdBought 1,553 shares on 3/25/2024Ownership: 0.130%Scarborough Advisors LLCBought 666 shares on 2/22/2024Ownership: 0.003%Bluefin Capital Management LLCBought 4,900 shares on 2/16/2024Ownership: 0.024%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 equities 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 equities 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 equities research analysts have issued twelve-month price objectives for Danaos' stock. Their DAC share price targets range from $90.00 to $90.00. On average, they anticipate the company's share price to reach $90.00 in the next year. This suggests a possible upside of 21.8% 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 at the start of the year. Since then, DAC shares have decreased by 0.2% and is now trading at $73.89. View the best growth stocks for 2024 here. 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) released its earnings results on Tuesday, February, 13th. The shipping company reported $6.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $7.70 by $0.71. The shipping company had revenue of $249.32 million for the quarter, compared to analysts' expectations 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 announced a quarterly dividend on Tuesday, February 13th. Investors of record on Wednesday, February 28th will be paid a dividend of $0.80 per share on Thursday, March 14th. This represents a $3.20 annualized dividend and a yield of 4.33%. The ex-dividend date 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 4.39%. 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 ETF holds Danaos' stock? SonicShares Global Shipping ETF holds 9,049 shares of DAC stock, representing 1.49% 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 a number of institutional and retail investors. Top institutional shareholders include DGS Capital Management LLC (0.08%). 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 4/23/2024 by MarketBeat.com Staff From Our PartnersThe Best AI Stock to Own in the World Today is Trading for Just $25Banyan Hill PublishingThe A.I. story nobody is telling you (Read ASAP)TradeSmithHealthcare Takes A Big Step Forward With The Help Of AIThe Bull Reporttop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)Traders AgencyDid You Get Your Free Bitcoin Yet?Crypto Swap Profits[Shocking] Elon Musk’s Plan To End BanksCrypto 101 MediaUrgent Alert: Biden's IRS Targeting Your Money – Act Fast to Protect It!American AlternativeForget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THISParadigm Press Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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