Danaos Corporation (DAC)
| Market Cap | 1.50B |
| Revenue (ttm) | 1.01B |
| Net Income (ttm) | 564.57M |
| Shares Out | 19.33M |
| EPS (ttm) | 28.90 |
| PE Ratio | 2.68 |
| Forward PE | 2.78 |
| Dividend | $3.25 (4.20%) |
| Ex-Dividend Date | Nov 25, 2024 |
| Volume | 120,513 |
| Open | 77.58 |
| Previous Close | 77.95 |
| Day's Range | 77.45 - 79.39 |
| 52-Week Range | 69.33 - 98.25 |
| Beta | 1.46 |
| Analysts | Strong Buy |
| Price Target | 105.00 (+35.55%) |
| Earnings Date | Feb 11, 2025 |
About DAC
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 a... [Read more]
Financial Performance
In 2023, Danaos's revenue was $973.58 million, a decrease of -1.99% compared to the previous year's $993.34 million. Earnings were $576.30 million, an increase of 3.06%.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for DAC stock is "Strong Buy" and the 12-month stock price forecast is $105.0.
News
Danaos: Undervalued With Strong Cash Flows
Danaos Corporation owns 73 containerships and is expanding with 16 more ships under construction. Danaos is diversifying into drybulk with 10 vessels and a position in SBLK. The stock is undervalued g...
Danaos Corporation (DAC) Q3 2024 Earnings Call Transcript
Danaos Corporation (NYSE:DAC) Q3 2024 Earnings Conference Call November 12, 2024 9:00 AM ET Company Participants Evangelos Chatzis - CFO John Coustas - CEO Conference Call Participants Omar Nokta - J...
Danaos Corporation Reports Third Quarter and Nine Months Results for the Period Ended September 30, 2024
ATHENS, Greece , Nov. 12, 2024 /PRNewswire/ -- Danaos Corporation ("Danaos") (NYSE: DAC), one of the world's largest independent owners of container vessels and drybulk vessels, today reported unaudit...
Danaos Corporation: Providing A Long-Volatility Exposure To Geopolitics
After a surge in containership charter rates during the pandemic, an important wave of new vessels is currently entering the market. One key reason why the market has been able to digest this new supp...
Danaos Corporation Announces Date for the Release of Third Quarter 2024 Results, Conference Call and Webcast
ATHENS, Greece , Oct. 31, 2024 /PRNewswire/ -- Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the...
Danaos Corporation: Drybulk Debut Not The Only Attractive Aspect
Danaos Corporation reported mixed Q2 earnings, missing on adjusted EPS but beating on revenue, with stock price fluctuating before rallying back. Despite missing analyst EPS estimates for four quarter...
Danaos Corporation Reports Second Quarter and Half Year Results for the Period Ended June 30, 2024
ATHENS, Greece , Aug. 5, 2024 /PRNewswire/ -- Danaos Corporation ("Danaos") (NYSE: DAC), one of the world's largest independent owners of container vessels and drybulk vessels, today reported unaudite...
Danaos Corporation Announces Date for the Release of Second Quarter 2024 Results, Conference Call and Webcast
ATHENS, Greece , July 29, 2024 /PRNewswire/ -- Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the...
Danaos Corporation Announces Additions of $616 million to its Contracted Revenue Backlog and the Addition of Five Containership Vessels to its Newbuildings Orderbook
ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that (i) it has added $616 million to its contracted r...
Danaos Corporation (DAC) Q1 2024 Earnings Call Transcript
Danaos Corporation (NYSE:DAC) Q1 2024 Earnings Conference Call May 28, 2024 9:00 AM ET Company Participants John Coustas - CEO Evangelos Chatzis - CFO Conference Call Participants Omar Nokta - Jeffer...
Danaos Corporation Reports First Quarter Results for Period Ended March 31, 2024
ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (“Danaos”) (NYSE: DAC), one of the world's largest independent owners of container vessels and drybulk vessels, today reported unaudited results for...
Danaos: Could A Take Private Deal Be In The Works?
The containership market has strengthened significantly in the past few months, with rates exceeding 2024 highs set earlier this year. With a strengthening containership market, Danaos low valuation a...
J Mintzmyer's Note Of Caution On Shipping
Shipping disruptions in the Red Sea have led to increased shipping rates in container ships, oil tankers, and dry bulk. Container ships are the most affected trade, followed by oil tankers.
Danaos Corporation Announces Date for the Release of First Quarter 2024 Results, Conference Call and Webcast
ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the first quarter...
Danaos: The Valuation Math Still Heavily Favors Bulls
Danaos is a Greek containership company witnessing underlying "business value" growing faster than its stock quote. Core enterprise value vs. tangible book value readings have reached DAC's lowest poi...
Danaos: Feeling Frustrated? This Is Your Permission Slip To Get Out
I have been bullish on Danaos for the past 2.5 years, but finally, I am feeling worn out and frustrated. The cost of holding Danaos stock, in terms of effort and disappointment, outweighs the potentia...
Danaos Corporation Announces Availability of its Annual Report on Form 20-F for the Year Ended December 31, 2023
ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that its Annual Report on Form 20-F for the year ended...
Danaos Corporation (DAC) Q4 2023 Earnings Call Transcript
Danaos Corporation (DAC) Q4 2023 Earnings Call Transcript
Danaos Corporation Reports Results for the Fourth Quarter and Year Ended December 31, 2023
ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (“Danaos”) (NYSE: DAC), one of the world's largest independent owners of containerships, today reported unaudited results for the fourth quarter and...
Danaos: Just Far Too Cheap, It's A Buy
DAC is trading at half its tangible book value despite being net debt free and having almost $50/share in earnings contracted for 2024-2025. DAC has paid down so much debt, its Enterprise Value is bac...
Danaos Corporation Announces Date for the Release of Fourth Quarter 2023 Results, Conference Call and Webcast
ATHENS, Greece, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for ...
J Mintzmyer On Red Sea Disruptions And 2 Key Shipping Segments
J Mintzmyer discusses the shipping sector, disruptions in the Red Sea, and investment opportunities. Tankers and containerships are the most impacted sectors, with rates surging and potential for a mu...
Danaos: Eagle Bulk Stake Pays Off Big Amid Merger With Star Bulk, Red Sea Blockade
Danaos' strategic investment in Eagle Bulk, initially met with skepticism, has proven highly profitable. Eagle Bulk's merger with Star Bulk Carriers and a surge in dry bulk rates amid the Red Sea bloc...
Danaos Still Has A Lot Of Room To Run
Danaos Corporation stock has delivered a total return of 22.57% since my very first call in May 2021, outperforming the market. Time to update my thesis. Despite a drop in revenue, Danaos showcased re...
Danaos Q3: Dividends On The Rise, Buybacks Persist - Is It Enough?
Danaos announced an increase in its dividend and the renewal of its share buyback program, reflecting a positive stance on returning value to shareholders. The company's strong performance persists, a...