Danaos (NYSE:DAC - Get Free Report) announced its quarterly earnings data on Monday. The shipping company reported $6.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.52 by ($0.02), Zacks reports. Danaos had a net margin of 56.16% and a return on equity of 16.68%.
Danaos Stock Performance
Shares of NYSE:DAC traded down $0.42 during trading on Thursday, hitting $82.48. The company's stock had a trading volume of 109,348 shares, compared to its average volume of 114,876. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.93 and a quick ratio of 3.78. Danaos has a 12 month low of $69.33 and a 12 month high of $98.25. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 2.85 and a beta of 1.42. The company has a 50-day moving average of $79.30 and a 200-day moving average of $81.48.
Danaos Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.12%. Danaos's dividend payout ratio (DPR) is currently 11.76%.
Analyst Ratings Changes
Several analysts have commented on DAC shares. Jefferies Financial Group restated a "buy" rating and issued a $105.00 price objective on shares of Danaos in a report on Tuesday. StockNews.com cut Danaos from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th.
Check Out Our Latest Research Report on Danaos
About Danaos
(
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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.
Further Reading
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