Danaos (DAC) to Release Quarterly Earnings on Monday

Danaos (NYSE:DAC - Get Free Report) is anticipated to post its quarterly earnings results after the market closes on Monday, February 10th. Analysts expect Danaos to post earnings of $6.52 per share and revenue of $266.00 million for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

Danaos (NYSE:DAC - Get Free Report) last issued its earnings results on Tuesday, November 12th. The shipping company reported $6.50 earnings per share for the quarter, missing analysts' consensus estimates of $6.86 by ($0.36). The firm had revenue of $256.18 million for the quarter, compared to analyst estimates of $251.16 million. Danaos had a return on equity of 16.68% and a net margin of 56.16%. During the same period in the previous year, the company earned $7.26 earnings per share. On average, analysts expect Danaos to post $27 EPS for the current fiscal year and $29 EPS for the next fiscal year.

Danaos Stock Down 0.4 %

DAC stock traded down $0.28 during midday trading on Thursday, reaching $79.51. 98,430 shares of the company's stock traded hands, compared to its average volume of 106,647. Danaos has a 52 week low of $69.33 and a 52 week high of $98.25. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 2.75 and a beta of 1.42. The firm's fifty day moving average price is $79.19 and its 200-day moving average price is $81.60. The company has a quick ratio of 3.78, a current ratio of 3.93 and a debt-to-equity ratio of 0.19.

Danaos Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Monday, November 25th were issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date of this dividend was Monday, November 25th. This is a positive change from Danaos's previous quarterly dividend of $0.80. Danaos's dividend payout ratio is currently 11.76%.

Analysts Set New Price Targets

A number of brokerages have commented on DAC. Jefferies Financial Group reissued a "buy" rating and set a $105.00 price objective on shares of Danaos in a report on Tuesday, November 12th. StockNews.com downgraded Danaos from a "buy" rating to a "hold" rating in a report on Tuesday, November 12th.

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.