Danaos (DAC) Expected to Announce Quarterly Earnings on Monday

Danaos (NYSE:DAC) will likely be releasing its Q2 2025 earnings data after the market closes on Monday, August 4th. Analysts expect Danaos to post earnings of $6.52 per share and revenue of $247.26 million for the quarter.

Danaos (NYSE:DAC) last announced its quarterly earnings data on Tuesday, May 13th. The shipping company reported $6.04 earnings per share for the quarter, missing the consensus estimate of $6.33 by ($0.29). Danaos had a return on equity of 14.66% and a net margin of 46.33%. The firm had revenue of $253.31 million for the quarter, compared to analyst estimates of $242.00 million. During the same period in the previous year, the business posted $7.15 EPS. On average, analysts expect Danaos to post $29 EPS for the current fiscal year and $28 EPS for the next fiscal year.

Danaos Price Performance

Shares of NYSE:DAC opened at $91.23 on Friday. Danaos has a 1-year low of $65.40 and a 1-year high of $94.00. The firm has a market capitalization of $1.73 billion, a PE ratio of 3.74 and a beta of 1.42. The business’s 50 day moving average is $87.88 and its 200-day moving average is $82.53. The company has a current ratio of 4.34, a quick ratio of 4.18 and a debt-to-equity ratio of 0.21.

Danaos Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Tuesday, May 27th were issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Tuesday, May 27th. Danaos’s dividend payout ratio (DPR) is presently 13.96%.

Danaos announced that its Board of Directors has approved a stock buyback plan on Monday, April 14th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the shipping company to reacquire up to 6.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Institutional Trading of Danaos

An institutional investor recently bought a new position in Danaos stock. Cubist Systematic Strategies LLC acquired a new stake in Danaos Corporation (NYSE:DAC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,858 shares of the shipping company’s stock, valued at approximately $223,000. Institutional investors own 19.01% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on DAC shares. Jefferies Financial Group boosted their price target on Danaos from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, May 14th. Wall Street Zen lowered Danaos from a “buy” rating to a “hold” rating in a research note on Wednesday, May 14th.

Danaos Company Profile

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.