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Danaos Corporation (DAC)

NYSE: DAC · IEX Real-Time Price · USD
73.42 -1.75 (-2.33%)
Oct 22, 2021 4:00 PM EDT - Market closed
Market Cap1.55B
Revenue (ttm)517.13M
Net Income (ttm)755.58M
Shares Out20.60M
EPS (ttm)34.83
PE Ratio2.11
Forward PEn/a
Dividend$1.00 (1.36%)
Ex-Dividend DateAug 13, 2021
Volume238,447
Open75.18
Previous Close75.17
Day's Range72.20 - 75.18
52-Week Range7.78 - 89.41
Beta1.67
AnalystsBuy
Price Target71.75 (-2.3%)
Est. Earnings DateNov 8, 2021

About DAC

Danaos Corporation, together with its subsidiaries, owns and operates containerships in Australia, Asia, Europe, and the United States. The company offers seaborne transportation services, such as chartering its vessels to liner companies. As of February 28, 2021, it had a fleet of 65 containerships aggregating 403,793 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 1972 and is based in Piraeus, Greec...

IndustryMarine
IPO DateOct 6, 2006
CEOJohn Coustas
Employees4
Stock ExchangeNYSE
Ticker SymbolDAC
Full Company Profile

Financial Performance

In 2020, Danaos's revenue was $461.59 million, an increase of 3.21% compared to the previous year's $447.24 million. Earnings were $153.55 million, an increase of 16.99%.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for Danaos stock is "Buy." The 12-month stock price forecast is 71.75, which is a decrease of -2.27% from the latest price.

Price Target
$71.75
(-2.27% downside)
Analyst Consensus: Buy

News

Danaos Corporation Announces Date for the Release of Third Quarter 2021 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 e...

4 days ago - Business Wire

7 Transportation Stocks to Buy as Supply Concerns Mount

With the novel coronavirus pandemic causing all kinds of havoc on global supply chains, these transportation stocks could benefit. The post 7 Transportation Stocks to Buy as Supply Concerns Mount appear...

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1 week ago - InvestorPlace

Is Danaos (DAC) Stock Undervalued Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

2 weeks ago - Zacks Investment Research

Why Shipping Stocks Plunged Today

A sharp sell-off hit shipping stocks, and there were a few potential causes.

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2 weeks ago - The Motley Fool

Stock Sell-off Continues; Danaos And InMode Among Breakdowns While Energy Advances

Stock sell-off continues; Danaos and InMode among breakdowns while energy advances. Investor's Business Daily has been helping people invest smarter results by providing exclusive stock lists, investing...

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2 weeks ago - Investors Business Daily

Why Shipping Stocks Are On Fire

Dry bulk shipping rates are up big this year, and the good times might last for a while.

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2 weeks ago - The Motley Fool

Shipping stocks hit fresh highs amid COVID-era supply chain chaos

The mainstream press is now awash in articles on global supply chain breakdowns, exorbitant shipping costs, clogged ports, emptying store shelves and rising inflation. That's good news for sentiment tow...

1 month ago - FreightWaves

Is Danaos (DAC) a Suitable Stock for Value Investors Now?

Let's see if Danaos (DAC) stock is a good choice for value-oriented investors right now from multiple angles.

1 month ago - Zacks Investment Research

4 Shipping Stocks That Could Sail Higher

Amid global supply chain disruptions and surging freight costs, shipping stocks look attractive right now. Here are four names to watch.

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1 month ago - Kiplinger

Rough Start To Indexes But Finish Is Well Off Lows; Apple, AutoNation And Danaos In Focus

Rough start to indexes but finish is well off lows; Apple, AutoNation and Danaos in focus. Investor's Business Daily has been helping people invest smarter results by providing exclusive stock lists, in...

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2 months ago - Investors Business Daily

Why Is Danaos Stock Trading Higher Today?

Danaos Corporation (NYSE: DAC) has entered into new charter agreements for 10 of its vessels, including one 8,500 TEU vessel, three 3,400 TEU vessels, and six 2,200 vessels, for charter periods ranging ...

2 months ago - Benzinga

The shipping industry is seeing a cascading impact of the pandemic, expert says

Michelle Wiese Bockmann, analyst at Lloyd's List, discusses shipping blockages.

2 months ago - CNBC International TV

Danaos Corporation Announces New Charters for 10 Vessels; Increases Contracted Backlog by 21.5% to Over $2 Billion

ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (the "Company") (NYSE: DAC) today announced that it has entered into new charter agreements for 10 of its vessels, including one 8,500 TEU vessel, thr...

2 months ago - Business Wire

Jefferies: Rates for container ships is going to be strong at least until next Chinese New Year

Randy Giveans, head of the energy maritime shipping equity research group at Jefferies, discusses the main factors behind the spike in shipping container rates and LNG prices.

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2 months ago - CNBC Television

4 Profitable Stocks to Boost Returns Using Net Income Ratio

DAC, BYD, CMRE, VIVO, and MGY qualified the screen for the net income ratio for the day.

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2 months ago - Zacks Investment Research

Danaos (DAC) Q2 Earnings and Revenues Surpass Estimates

Danaos (DAC) delivered earnings and revenue surprises of 2.45% and 3.15%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Danaos Corporation Reports Second Quarter and Half Year Results for the Period Ended June 30, 2021

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 30...

2 months ago - Business Wire

Danaos (DAC) to Report Q2 Earnings: What's in the Offing?

High vessel operating expenses are likely to dent Danaos' (DAC) Q2 results.

2 months ago - Zacks Investment Research

4 Shipping Stocks To Buy As the Global Economy Gains Steam

These four shipping stocks stand to gain as global economic growth gains traction and translates into healthy shipping rates. The post 4 Shipping Stocks To Buy As the Global Economy Gains Steam appeared...

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2 months ago - InvestorPlace

Danaos Corporation Announces Date for the Release of Second Quarter 2021 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 quarter ...

2 months ago - Business Wire

Danaos (DAC) Earnings Expected to Grow: What to Know Ahead of Q2 Release

Danaos (DAC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

Top Ranked Value Stocks to Buy for July 23rd

GLOP, PBR, ALLY, and DAC made it to the Zacks Rank #1 (Strong Buy) value stocks list on July 23, 2021.

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3 months ago - Zacks Investment Research

Inflation's Not the Enemy: Focus on Long-Term Objectives, Instead

Don???t fear the stock market, inflation fears are likely to be short-lived.

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3 months ago - Zacks Investment Research

New Strong Buy Stocks for July 19th

ASIX, JAKK, TEX, BCC, and DAC have been added to the Zacks Rank #1 (Strong Buy) List on July 19, 2021.

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3 months ago - Zacks Investment Research

7 ‘A-Rated' Small-Cap Stocks to Buy Now

As the economy roars back to life, one of the best places to look for growth is top-quality small-cap stocks that are still bargains. The post 7 ‘A-Rated' Small-Cap Stocks to Buy Now appeared first on I...

3 months ago - InvestorPlace