Danaos Corporation (DAC)
Market Cap | 1.41B |
Revenue (ttm) | 973.58M |
Net Income (ttm) | 576.30M |
Shares Out | 19.42M |
EPS (ttm) | 28.95 |
PE Ratio | 2.51 |
Forward PE | n/a |
Dividend | $3.20 (4.39%) |
Ex-Dividend Date | Feb 27, 2024 |
Volume | 15,086 |
Open | 72.90 |
Previous Close | 72.53 |
Day's Range | 72.45 - 73.10 |
52-Week Range | 52.86 - 80.39 |
Beta | 1.30 |
Analysts | Strong Buy |
Price Target | 90.00 (+23.47%) |
Earnings Date | May 13, 2024 |
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 $90.0.
News
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 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 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 ...
Danaos Corporation Reports Third Quarter and Nine Months Ended September 30, 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 period ended Septe...
Danaos Corporation Announces Date for the Release of Third Quarter 2023 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 third quarter...
Danaos Corporation Reports Second Quarter and Half Year Results for the Period Ended June 30, 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 period ended June ...
Danaos Corporation Announces Date for the Release of Second Quarter 2023 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 second quarte...
Danaos Corporation Delivers Letter to Eagle Bulk Shipping Board of Directors
NEW YORK--(BUSINESS WIRE)--Danaos Corporation (“Danaos,” “we,” or “us”) (NYSE:DAC), one of the world's largest independent owners of containerships and the largest shareholder of Eagle Bulk Shipping, ...
Danaos Corporation Announces Retirement of Mr. Iraklis Prokopakis, Senior Vice President and Chief Operating Officer of Danaos Corporation
ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (“Danaos”) (NYSE:DAC) announced today that Iraklis Prokopakis will retire from his executive role as Senior Vice President and Chief Operating Offic...
Danaos Corporation Reports First Quarter Results for the Period Ended March 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 first quarter ende...
Danaos Corporation Announces Date for the Release of First Quarter 2023 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 Corporation Announces Availability of its Annual Report on Form 20-F for the Year Ended December 31, 2022
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 Reports Results for the Fourth Quarter and Year Ended December 31, 2022
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 Corporation Announces Date for the Release of Fourth Quarter 2022 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 fourth quar...
Danaos Corporation Announces Senior Notes Repurchase
ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, today announced that it expects to repurchase $37.234 million of its...
Danaos Corporation Reports Third Quarter and Nine Months Results for the Period Ended September 30, 2022
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 period ended Septe...
Danaos Corporation Announces Date for the Release of Third Quarter 2022 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 third quarter...
Danaos Corporation Reports Second Quarter and Half Year Results for the Period Ended June 30, 2022
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 period ended June ...
Danaos Corporation Announces Date for the Release of Second Quarter 2022 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 second quarte...
Batten down the hatches: Shipping stocks ‘unable to escape the torrent'
Bulk commodity shipping stocks kept rising in May even as the broader market fell, offering shelter from the storm. Not so in June.
Danaos Corporation Reports First Quarter Results for the Period Ended March 31, 2022
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 quarter ended Marc...
Danaos Corporation Announces Date for the Release of First Quarter 2022 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 Corporation Announces the Ordering of Four 7,200 TEU Containerships
ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it has placed orders for four 7,200 TEU container...
Top 3 Shipping Stocks for the Shipping Surge
U.S. inflation rates hit a 40-year high of 7.9% on the consumer price index (CPI) in 2022, which is massively above the Federal Reserve's 2% target. This high inflation has caused the Fed to finally s...