Danaos (DAC) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $75.52 to $77.58
• 50-Day Range: $76.40 to $86.35
• 52-Week Range: $69.33 to $98.25
• Volume: 128,196 shs
• Average Volume: 109,519 shs
• Market Capitalization: $1.48 billion
• P/E Ratio: 2.64
• Dividend Yield: 4.45%
• Price Target: $105.00
• Consensus Rating: Buy

Danaos Stock Analysis - MarketRank™

Danaos scored higher than 84% of companies evaluated by MarketBeat, and ranked 34th out of 127 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

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 only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 7.08%

Earnings Growth

Earnings for Danaos are expected to grow by 7.08% in the coming year, from $27.56 to $29.51 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Danaos is 2.64, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.72.

Price to Earnings Ratio vs. Sector

The P/E ratio of Danaos is 2.64, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 17.84.

Price to Book Value per Share Ratio

Danaos has a P/B Ratio of 0.52. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.20% 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 4.3.

Change versus previous month

Short interest in Danaos has recently increased by 8.51%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Danaos is a leading dividend payer. It pays a dividend yield of 4.42%, 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 11.76%. 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 11.52% next year. This indicates that Danaos will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

5.20% 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 4.3.

Change versus previous month

Short interest in Danaos has recently increased by 8.51%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.15

News Sentiment

Danaos has a news sentiment score of 1.15. 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 higher news sentiment than the 0.68 average news sentiment score of Transportation companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Danaos this week, compared to 2 articles on an average week.

MarketBeat Follows

Only 2 people have added Danaos to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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.

DAC Stock Analysis - Frequently Asked Questions

How have DAC shares performed this year?

Danaos' stock was trading at $74.06 on January 1st, 2024. Since then, DAC shares have increased by 3.2% and is now trading at $76.40.
View the best growth stocks for 2024 here.

How were Danaos' earnings last quarter?

Danaos Co. (NYSE:DAC) issued its quarterly earnings results on Tuesday, November, 12th. The shipping company reported $6.50 earnings per share for the quarter, missing the consensus estimate of $6.86 by $0.36. The shipping company had revenue of $256.18 million for the quarter, compared to analyst estimates of $251.16 million. Danaos had a net margin of 56.16% and a trailing twelve-month return on equity of 16.68%.

Who are Danaos' major shareholders?

Top institutional investors of Danaos include Charles Schwab Investment Management Inc. (0.17%), Janney Montgomery Scott LLC (0.14%), PEAK6 Investments LLC and State Street Corp (0.12%).
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.

What other stocks do shareholders of Danaos own?

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: 11/12/2024
• Ex-Dividend for 12/4 Dividend: 11/25/2024
• Dividend Payable: 12/04/2024
• Today: 12/20/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Transportation
• Industry: Deep sea foreign transportation of freight
• Sub-Industry: N/A
• Current Symbol: NYSE:DAC
• CUSIP: N/A
• CIK: 1369241
• Web: www.danaos.com
• Phone: 302104196480
• Fax: 30 210 419 6480
• 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: +37.4%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $28.91
• Trailing P/E Ratio: 2.64
• Forward P/E Ratio: 2.77
• P/E Growth: N/A
• Net Income: $576.30 million
• Net Margins: 56.16%
• Pretax Margin: 56.16%
• Return on Equity: 16.68%
• Return on Assets: 13.57%

Debt

• Debt-to-Equity Ratio: 0.19
• Current Ratio: 3.93
• Quick Ratio: 3.78

Sales & Book Value

• Annual Sales: $1.01 billion
• Price / Sales: 1.48
• Cash Flow: $33.36 per share
• Price / Cash Flow: 2.29
• Book Value: $148.22 per share
• Price / Book: 0.52

Miscellaneous

• Outstanding Shares: 19,419,000
• Free Float: 11,457,000
• Market Cap: $1.48 billion
• Optionable: Optionable
• Beta: 1.49