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

Jefferies analyst Omar Nokta maintains a Buy rating on Danaos (NYSE:DAC) and raises the price target from $90 to $105.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 5:33 pm

Danaos Corporation (NYSE:DAC) reported Q1 FY24 results with a 4% increase in operating revenues to $253.4 million, missing the consensus of $256.0 million. Adjusted EBITDA declined to $177.2 million, and adjusted EPS of $7.15 missed the consensus of $7.74. Despite these misses, the company secured multi-year chartering agreements and added $423 million to its contracted revenue backlog. DAC shares are down 1.93% following the report.

Portfolio Pulse from Lekha Gupta

May 28, 2024 | 5:20 pm

Danaos Corporation (NYSE:DAC) reported Q1 2024 earnings per share (EPS) of $7.15, missing the analyst consensus estimate of $7.74 by 7.62%. The company also reported quarterly sales of $253.449 million, which missed the estimate of $256.000 million by 1.00%. Despite the misses, sales increased by 4.05% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 11:31 am

As of May 28, 2024, five industrial stocks are showing signs of being overbought, which could be a warning for momentum investors. These stocks include FREYR Battery, Redwire Corporation, Bloom Energy, Construction Partners, and Danaos Corporation. Each of these stocks has seen significant recent gains and has an RSI value above 70, indicating potential overbought conditions.

Portfolio Pulse from Avi Kapoor

May 28, 2024 | 11:31 am

Four industrials sector stocks, Danaos Corporation (DAC), Westinghouse Air Brake Technologies Corporation (WAB), JanOne Inc. (JAN), and Tutor Perini Corporation (TPC), are identified as overbought based on their RSI values, indicating potential short-term performance concerns. DAC's recent earnings were disappointing, while WAB, JAN, and TPC reported positive developments. Despite these, their high RSI values suggest they might be at risk of a pullback.

Portfolio Pulse from Avi Kapoor

April 29, 2024 | 12:32 pm

Danaos Corporation (NYSE:DAC) announced a quarterly dividend of 80 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning DAC by the end of Monday's session will be eligible for the dividend, payable on March 14, 2024. The stock is expected to open 80 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 2:45 pm

Jefferies analyst Omar Nokta has reiterated a Buy rating on Danaos Corporation (NYSE:DAC), maintaining a $90 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 4:50 pm

Danaos Corporation (NYSE:DAC) reported its Q4 earnings with an EPS of $6.99, missing the estimated $7.78 by 10.15%. Revenue decreased by $3.17 million compared to the same period last year. Despite missing EPS estimates last quarter, DAC's share price increased by 6.47% the following day. The company has shown varied performance in past quarters with both hits and misses on EPS and revenue estimates.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 9:55 pm

Danaos Corporation (NYSE:DAC) reported Q4 2023 earnings of $7.70 per share, missing the consensus estimate of $7.79. Quarterly sales were $249.31M, slightly below the estimate of $250.19M, marking a 1.25% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:32 pm

Numerous companies are scheduled to report their quarterly earnings on February 13, 2024, with expectations spanning from significant profits to losses across various sectors. Key highlights include anticipated earnings from major corporations such as Coca-Cola, Shopify, Airbnb, and Biogen, reflecting a broad spectrum of industries from technology to consumer goods. The diversity in performance indicators underscores the varying financial health and market expectations for these entities.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 10:06 am

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