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NYSE:DAC

Danaos (DAC) Stock Price, News & Analysis

Danaos logo
$80.99
-0.12 (-0.15%)
(As of 11:01 AM ET)

About Danaos Stock (NYSE:DAC)

Key Stats

Today's Range
$80.10
$82.08
50-Day Range
$75.82
$87.77
52-Week Range
$62.37
$98.25
Volume
38,337 shs
Average Volume
105,554 shs
Market Capitalization
$1.57 billion
P/E Ratio
2.76
Dividend Yield
3.95%
Price Target
$105.00
Consensus Rating
Buy

Company Overview

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.

Danaos Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
80th Percentile Overall Score

DAC MarketRank™: 

Danaos scored higher than 80% of companies evaluated by MarketBeat, and ranked 40th out of 127 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Danaos 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 Coverage

    Danaos has received no research coverage in the past 90 days.

  • Read more about Danaos' stock forecast and price target.
  • Earnings Growth

    Earnings for Danaos are expected to decrease by -4.19% in the coming year, from $28.43 to $27.24 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Danaos is 2.76, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.81.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Danaos is 2.76, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 17.49.

  • Price to Book Value per Share Ratio

    Danaos has a P/B Ratio of 0.55. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Danaos' valuation and earnings.
  • Percentage of Shares Shorted

    4.18% of the float of Danaos has been sold short.
  • Short Interest Ratio / Days to Cover

    Danaos has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Danaos has recently decreased by 4.64%, indicating that investor sentiment is improving.
  • Dividend Leadership

    Danaos is a leading dividend payer. It pays a dividend yield of 3.86%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Danaos does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Danaos is 10.86%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Danaos will have a dividend payout ratio of 11.75% next year. This indicates that Danaos will be able to sustain or increase its dividend.

  • Read more about Danaos' dividend.
  • Percentage of Shares Shorted

    4.18% of the float of Danaos has been sold short.
  • Short Interest Ratio / Days to Cover

    Danaos has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Danaos has recently decreased by 4.64%, indicating that investor sentiment is improving.
  • Search Interest

    4 people have searched for DAC on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Danaos insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    41.00% 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 Institutions

    Only 19.01% of the stock of Danaos is held by institutions.

  • Read more about Danaos' insider trading history.
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DAC Stock News Headlines

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DAC Stock Analysis - Frequently Asked Questions

Danaos' stock was trading at $74.06 at the beginning of the year. Since then, DAC stock has increased by 9.5% and is now trading at $81.11.
View the best growth stocks for 2024 here
.

Danaos Co. (NYSE:DAC) issued its earnings results on Monday, August, 5th. The shipping company reported $6.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.04 by $0.26. The shipping company had revenue of $246.31 million for the quarter, compared to analyst estimates of $238.83 million. Danaos had a trailing twelve-month return on equity of 17.88% and a net margin of 58.15%.

Danaos' top institutional investors include Janney Montgomery Scott LLC (0.14%), Inspire Advisors LLC (0.06%), Creative Planning (0.05%) and Redhawk Wealth Advisors Inc. (0.05%).
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Danaos investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), CrowdStrike (CRWD), PayPal (PYPL), Arista Networks (ANET) and Broadcom (AVGO).

Company Calendar

Last Earnings
8/05/2024
Ex-Dividend for 8/29 Dividend
8/20/2024
Dividend Payable
8/29/2024
Today
10/30/2024
Next Earnings (Estimated)
11/11/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Employees
1,718
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$105.00
High Stock Price Target
$105.00
Low Stock Price Target
$105.00
Potential Upside/Downside
+29.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$576.30 million
Pretax Margin
58.15%

Debt

Sales & Book Value

Annual Sales
$988.29 million
Cash Flow
$32.57 per share
Book Value
$148.22 per share

Miscellaneous

Free Float
11,457,000
Market Cap
$1.58 billion
Optionable
Optionable
Beta
1.47

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This page (NYSE:DAC) was last updated on 10/30/2024 by MarketBeat.com Staff
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