Danaos Corporation (DAC)

NYSE: DAC · IEX Real-Time Price · USD
72.58
+0.05 (0.06%)
Mar 28, 2024, 10:11 AM EDT - Market open
0.06%
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]

Industry Marine Shipping
Sector Industrials
IPO Date Oct 6, 2006
Employees 1,903
Stock Exchange NYSE
Ticker Symbol DAC
Full Company Profile

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 Statements

Analyst Forecast

According to one analyst, the rating for DAC stock is "Strong Buy" and the 12-month stock price forecast is $90.0.

Price Target
$90.0
(23.47% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

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...

24 days ago - Business Wire

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...

6 weeks ago - Business Wire

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 ...

7 weeks ago - GlobeNewsWire

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...

4 months ago - Business Wire

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...

5 months ago - Business Wire

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 ...

8 months ago - Business Wire

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...

9 months ago - Business Wire

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, ...

Other symbols: EGLE
9 months ago - Business Wire

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...

11 months ago - Business Wire

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...

11 months ago - Business Wire

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...

11 months ago - Business Wire

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...

1 year ago - Business Wire

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...

1 year ago - Business Wire

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...

1 year ago - Business Wire

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...

1 year ago - Business Wire

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...

1 year ago - Business Wire

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...

1 year ago - Business Wire

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 ...

1 year ago - Business Wire

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...

1 year ago - Business Wire

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.

Other symbols: EGLESBLKZIM
1 year ago - FreightWaves

Gimme shelter: Shipping stocks still rising amid Wall Street storm

The Nasdaq composite is down 29% since the beginning of the year, the S&P 500 17%, the Dow 12%. And then there's commodity shipping.

2 years ago - FreightWaves

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...

2 years ago - Business Wire

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...

2 years ago - Business Wire

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...

2 years ago - Business Wire

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...

Other symbols: NMMZIM
2 years ago - GuruFocus