Danaos Corporation (DAC)
| Market Cap | 1.31B |
| Revenue (ttm) | 997.57M |
| Net Income (ttm) | 512.74M |
| Shares Out | 19.75M |
| EPS (ttm) | 25.32 |
| PE Ratio | 2.61 |
| Forward PE | n/a |
| Dividend | $3.00 (4.53%) |
| Ex-Dividend Date | Aug 22, 2023 |
| Volume | 66,293 |
| Open | 66.13 |
| Previous Close | 66.04 |
| Day's Range | 65.72 - 66.81 |
| 52-Week Range | 51.10 - 71.65 |
| Beta | 1.60 |
| Analysts | Strong Buy |
| Price Target | 80.00 (+20.7%) |
| Earnings Date | Nov 6, 2023 |
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 March 7, 2023, 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 and is based in Piraeus, Greece. [Read more]
Financial Performance
In 2022, Danaos's revenue was $993.34 million, an increase of 44.07% compared to the previous year's $689.51 million. Earnings were $559.21 million, a decrease of -46.89%.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for DAC stock is "Strong Buy" and the 12-month stock price forecast is $80.0.
News
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, ...
High-Yield Danaos Corporation Is About To Set Sail
Danaos Corporation NYSE: DAC is not an exciting investment unless you like cash-generating machines that pay high-yielding dividends. The company is one of the world's largest independent container sh...
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...
Geopolitical tensions shake $120 billion grain trade; Which shipping stocks to watch?
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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...
Danaos Corporation Announces the Ordering of Two 7,100 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 two 7,100 TEU containers...
Danaos Corporation Announces Availability of its Annual Report on Form 20-F for the Year Ended December 31, 2021
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...
GSCW chat: Shipping stocks surged — but haven't peaked
This fireside chat recap is from Day 1 of FreightWaves' Global Supply Chain Week. Day 1 focuses on maritime.