Streetbeat News

DAC

Danaos Corporation

https://www.danaos.com

Industry

Marine Shipping

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, Greece.

Open

86.00

Mkt cap

1.7B

Volume

81K

High

86.46

P/E Ratio

2.99

52-wk high

98.25

Low

85.62

Div yield

0.04

52-wk low

66.45

Danaos Corporation held its Q3 2024 earnings call, discussing financial results for the quarter ending September 30, 2024. Key participants included CFO Evangelos Chatzis and CEO John Coustas.

Portfolio Pulse from

November 12, 2024 | 5:00 pm

Danaos Corporation (DAC) reported Q3 earnings of $6.50 per share, missing the Zacks Consensus Estimate of $6.86 and down from $7.26 a year ago.

Portfolio Pulse from

November 12, 2024 | 3:15 pm

Danaos Corporation (NYSE: DAC) reported its third quarter and nine-month results for the period ending September 30, 2024. The company, a major owner of container and drybulk vessels, saw operating revenues of $256.2 million, up from $239.2 million in the same quarter last year.

Portfolio Pulse from

November 12, 2024 | 12:45 pm

Danaos Corporation is facing potential downward pressure on containership charter rates due to an influx of new vessels entering the market. Geopolitical conditions have so far helped absorb this supply, but a de-escalation could negatively impact rates.

Portfolio Pulse from

November 12, 2024 | 6:45 am

Danaos is expected to report its Q3 earnings, with anticipated negative impacts due to ongoing market disruptions.

Portfolio Pulse from

November 11, 2024 | 2:00 pm

Analysts predict that Danaos (DAC) will report a decline in earnings in its upcoming report. The company lacks the necessary factors to likely exceed earnings expectations.

Portfolio Pulse from

November 05, 2024 | 4:30 pm

Potential labor strikes at U.S. ports and Canadian railways could lead to volatility in container freight rates, impacting the container industry and cargo owners. Stocks of companies in the container leasing and liner sectors showed mixed performance amid these developments.

Portfolio Pulse from Michael Juliano

August 21, 2024 | 11:12 pm

Transatlantic container shipping volumes to the U.S. are increasing as retailers prepare for potential port strikes. This benefits shipping companies like Euroseas, Global Ship Lease, Danaos, and ZIM Integrated Shipping, which recently reported strong earnings.

Portfolio Pulse from Michael Juliano

August 19, 2024 | 9:56 pm

Danaos (NYSE:DAC) reported Q2 2024 earnings per share (EPS) of $6.78, missing the analyst estimate of $7.28 by 6.87%. However, the company beat sales estimates with $246.306 million, a 2.85% increase over the expected $239.479 million.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 8:58 pm

Shares of shipping and tanker stocks are trading lower amid reported hopes of an Israel-Hamas ceasefire, which could ease Red Sea uncertainty and pressure freight rates.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 5:06 pm

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