Who owns DAC stock?
Danaos (DAC) closed the most recent trading day at $90.83, moving +0.65% from the previous trading session. Zacks • 16 days ago.
Is Danaos (DAC) a great momentum stock for short-term trading?
Mar 29, 2022 · Earnings Growth. Earnings for Danaos are expected to decrease by -6.07% in the coming year, from $30.17 to $28.34 per share. Price to Earnings Ratio vs. the Market. The P/E ratio of Danaos is 1.68, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 12.01.
What does DAC stand for?
DAC | Complete Danaos Corp. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.
What does Danaos Corporation (DAC) do?
Find the latest Danaos Corporation (DAC) stock discussion in Yahoo Finance's forum. Share your opinion and gain insight from other stock traders and investors.
Is Dac a good buy?
For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.93%2Buy18.44%3Hold9.99%4Sell5.61%2 more rows
Is Danaos a buy?
Danaos has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
What does Danaos Corporation do?
Danaos is one of the world's largest independent owners of containerships. Danaos Corporation is one of the largest independent owners of modern, large-size containerships. We charter our containerships on long-term contracts at fixed rates to many of the world's largest liner companies.
Who owns Danaos Shipping Company?
Dr. John CoustasDr. John Coustas is our President, Chief Executive Officer and a member of our board of directors. He has over 30 years of experience in the shipping industry and assumed management of our company in 1987 from his father Dimitris Coustas, who founded Danaos Shipping in 1972.
How many ships does Danaos own?
Danaos operates a fleet of 63 containerships, ranging from 2,200 teu to 13,100 teu, and has recently agreed to purchase two 9,000 teu vessels that will take its total capacity to over 400,000 teu.Nov 9, 2020
Can you charter a container ship?
Mantoria's ship charter experts can find and charter a vessel in full or in part, and coordinate all the logistical activities to get your shipment to its destination.
Is Danaos a buy right now?
3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Danaos in the last twelve months. There are currently 1...
How has Danaos' stock price been impacted by COVID-19 (Coronavirus)?
Danaos' stock was trading at $4.53 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organizati...
Are investors shorting Danaos?
Danaos saw a decrease in short interest in February. As of February 28th, there was short interest totaling 202,900 shares, a decrease of 63.1% fro...
When is Danaos' next earnings date?
Danaos is scheduled to release its next quarterly earnings announcement on Monday, May 9th 2022. View our earnings forecast for Danaos .
How were Danaos' earnings last quarter?
Danaos Co. (NYSE:DAC) posted its quarterly earnings results on Monday, February, 7th. The shipping company reported $6.10 earnings per share (EPS)...
How often does Danaos pay dividends? What is the dividend yield for Danaos?
Danaos declared a quarterly dividend on Monday, February 7th. Investors of record on Thursday, February 17th will be given a dividend of $0.75 per...
Is Danaos a good dividend stock?
Danaos pays an annual dividend of $3.00 per share and currently has a dividend yield of 3.05%. Danaos does not yet have a strong track record of di...
What price target have analysts set for DAC?
3 Wall Street analysts have issued 1-year target prices for Danaos' stock. Their forecasts range from $67.00 to $125.00. On average, they anticipat...
Who are Danaos' key executives?
Danaos' management team includes the following people: John Coustas , Chairman, President & Chief Executive Officer Iraklis Prokopakis , COO, Tr...
What is the DAC 2021?
When will Danaos release its results?
ATHENS, Greece, July 01, 2021--Danaos Corporation (the "Company ") (NYSE: DAC) today announced that it has exercised its option to acquire the remaining equity interests in its joint venture Gemini Shipholdings Corporation ("Gemini"). The purchase price for the 51% of Gemini not already owned by the Company is $86.7 million in cash, while the net cash outflow for the Company will be approximately $72.3 million, which is the purchase price net of $14.4 million of the Gemini cash balance on June 30
1.3 Analyst's Opinion
ATHENS, Greece, July 28, 2021--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 ended June 30, 2021, after the close of the market in New York on Monday, August 2, 2021. Zacks • 17 days ago.
Is Danaos a buy right now?
Danaos has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
How has Danaos' stock price been impacted by Coronavirus?
3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Danaos in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Danaos stock. View analyst ratings for Danaos or view top-rated stocks.
Are investors shorting Danaos?
Danaos' stock was trading at $4.53 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, DAC shares have increased by 1,998.7% and is now trading at $95.07. View which stocks have been most impacted by COVID-19.
When is Danaos' next earnings date?
Danaos saw a decline in short interest in January. As of January 15th, there was short interest totaling 561,700 shares, a decline of 15.1% from the December 31st total of 661,800 shares. Based on an average daily trading volume, of 345,300 shares, the days-to-cover ratio is currently 1.6 days.
How were Danaos' earnings last quarter?
Danaos is scheduled to release its next quarterly earnings announcement on Monday, May 9th 2022. View our earnings forecast for Danaos.
How often does Danaos pay dividends? What is the dividend yield for Danaos?
Danaos Co. (NYSE:DAC) released its earnings results on Monday, February, 7th. The shipping company reported $6.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $6.01 by $0.09. Danaos had a net margin of 152.70% and a trailing twelve-month return on equity of 21.52%.
New York Stock Exchange
Danaos announced a quarterly dividend on Monday, February 7th. Shareholders of record on Thursday, February 17th will be given a dividend of $0.75 per share on Monday, February 28th. This represents a $3.00 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Wednesday, February 16th.
Environmental, Social, and Governance Rating
The Company is an international owner of containerships, chartering its vessels to many of the worlds liner companies.
Business Summary
"B" score indicates good relative ESG performance and an above-average degree of transparency in reporting material ESG data publicly and privately. Scores range from AAA to D.
What happened
The Company is an international owner of containerships, chartering its vessels to many of the worlds liner companies.
So what
Shares of shipping companies took a nosedive on Monday as the market weighed the future demand for their vessels. Investors appeared to be worried about shipping from China, higher rates, and even the oil spill in California.
NYSE: DAC
First, there was speculation Monday morning that the oil spill off the coast of southern California could have been caused by one of the many ships anchoring there. That speculation has not been reported by official sources and seems to have been debunked, based on where the spill is visible and where ships are anchored.
Now what
More important may be the potential for a slowdown in Chinese manufacturing to impact the volume of material that nation exports. China has implemented energy restrictions that have resulted in a drop in its industrial output. If that limits the supply of goods available to be shipped around the world, dry bulk vessel companies will feel it.
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In the case of Monday's move, it seems that the market's sentiment shifted against shipping companies all at once. That could have been triggered by any of the factors highlighted above, or even fears that higher interest rates will slow the global economy.
Why DWAC stock is falling
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How low can DWAC stock go?
On Oct. 26, DWAC stock fell by nearly 30 percent and was down another 8 percent on Oct. 27 as of 10:20 a.m. ET. The significant drop in DWAC’s stock price appears to have been sparked by Trump’s comments. On Oct. 26, Trump revealed additional details about his plans to create a new TRUTH Social app to compete with Twitter and Facebook.