Danaos Corporation (DAC)

NYSE: DAC · IEX Real-Time Price · USD
76.42
-1.65 (-2.11%)
Aug 11, 2022 4:00 PM EDT - Market closed
-2.11%
Market Cap 1.57B
Revenue (ttm) 891.78M
Net Income (ttm) 722.91M
Shares Out 20.54M
EPS (ttm) 35.90
PE Ratio 2.13
Forward PE n/a
Dividend $2.50 (3.27%)
Ex-Dividend Date Aug 16, 2022
Volume 206,903
Open 78.45
Previous Close 78.07
Day's Range 76.07 - 79.04
52-Week Range 55.71 - 107.47
Beta 1.56
Analysts Buy
Price Target 118.58 (+55.2%)
Earnings Date Aug 1, 2022

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, 2022, it had a fleet of 71 containerships aggregating 436,589 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, Greec... [Read more...]

Industry Marine
IPO Date Oct 6, 2006
CEO John Coustas
Employees 4
Stock Exchange NYSE
Ticker Symbol DAC
Full Company Profile

Financial Performance

In 2021, Danaos's revenue was $689.51 million, an increase of 49.37% compared to the previous year's $461.59 million. Earnings were $1.05 billion, an increase of 585.67%.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for DAC stock is "Buy." The 12-month stock price forecast is 118.58, which is an increase of 55.17% from the latest price.

Price Target
$118.58
(55.17% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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 30...

Shipping Stocks: Matson, Danaos Earnings Due As Demand For Goods Wobbles

Danaos and Matson report late Monday. Ocean shipping stocks have struggled as rates fall amid waning demand for goods.

Other symbols: MATX

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 quarter ...

Should Value Investors Buy Danaos (DAC) Stock?

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...

3 Shipping Stocks to Buy Now

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Other symbols: GRINNMM

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

Are Investors Undervaluing Danaos (DAC) 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...

Danaos (DAC) Crossed Above the 200-Day Moving Average: What That Means for Investors

Should investors be excited or worried when a stock crosses above the 200-day simple moving average?

Is Danaos (DAC) Stock Outpacing Its Transportation Peers This Year?

Here is how Danaos (DAC) and Safe Bulkers (SB) have performed compared to their sector so far this year.

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.

3 Low P/E Stocks Displaying Attractive Earnings Growth

All three companies sport the highly coveted Zacks Rank #1 (Strong Buy), have solid dividend yields, low forward earnings multiples, and strong projected earnings growth.

Other symbols: PANLTTE

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...

Danaos (DAC) Surpasses Q1 Earnings and Revenue Estimates

Danaos (DAC) delivered earnings and revenue surprises of 19.83% and 8.01%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

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 March ...

Danaos (DAC) to Report Q1 Earnings: What's in the Offing?

High costs are likely to have dented Danaos' (DAC) Q1 bottom-line performance.

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 e...

7 Transportation Stocks to Avoid During These Trying Times

If transportation stocks represent the economic rubber meeting the road, then their underperformance is a serious warning sign. The post 7 Transportation Stocks to Avoid During These Trying Times appear...

Other symbols: JBHTKNXLSTRTFIIUNPUPS

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 containersh...

Danaos (DAC) Is a Great Choice for "Trend" Investors, Here's Why

Danaos (DAC) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

Geopolitical tensions shake $120 billion grain trade; Which shipping stocks to watch?

Shipments from Ukraine and Russia account for a quarter of global grain trade, and with Russia's invasion of Ukraine, food-security.

Other symbols: SBLK

Is Danaos (DAC) Outperforming Other Transportation Stocks This Year?

Here is how Danaos (DAC) and Genco Shipping & Trading (GNK) have performed compared to their sector so far this year.

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 set...

Other symbols: NMMZIM

7 Reliable Transportation Stocks to Buy Before Summer

The supply chain crisis is going to be here a while, these stocks will benefit

Other symbols: CMREGATXGSLPTSITFIIZIM

What Makes Danaos (DAC) a Strong Momentum Stock: Buy Now?

Does Danaos (DAC) have what it takes to be a top stock pick for momentum investors? Let's find out.

Danaos (DAC) Gains But Lags Market: What You Should Know

Danaos (DAC) closed at $106.64 in the latest trading session, marking a +0.77% move from the prior day.