Danaos (DAC) Projected to Post Quarterly Earnings on Monday

Danaos (NYSE:DAC) is expected to announce its earnings results after the market closes on Monday, February 10th. Analysts expect the company to announce earnings of $6.52 per share and revenue of $266.00 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Danaos (NYSE:DAC) last issued its quarterly earnings results on Tuesday, November 12th. The shipping company reported $6.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.86 by ($0.36). Danaos had a net margin of 56.16% and a return on equity of 16.68%. The business had revenue of $256.18 million during the quarter, compared to analyst estimates of $251.16 million. During the same quarter in the previous year, the firm posted $7.26 earnings per share. On average, analysts expect Danaos to post $27 EPS for the current fiscal year and $29 EPS for the next fiscal year.

Danaos Trading Up 0.4 %

Danaos stock opened at $79.95 on Friday. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 2.77 and a beta of 1.42. The firm has a 50-day moving average of $79.19 and a 200-day moving average of $81.59. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.93 and a quick ratio of 3.78. Danaos has a one year low of $69.33 and a one year high of $98.25.

Danaos Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Monday, November 25th were given a dividend of $0.85 per share. The ex-dividend date of this dividend was Monday, November 25th. This is a boost from Danaos’s previous quarterly dividend of $0.80. This represents a $3.40 annualized dividend and a yield of 4.25%. Danaos’s dividend payout ratio is 11.76%.

Wall Street Analysts Forecast Growth

DAC has been the topic of a number of analyst reports. StockNews.com cut Danaos from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Jefferies Financial Group reaffirmed a “buy” rating and set a $105.00 price target on shares of Danaos in a research report on Tuesday, November 12th.

Danaos Company Profile

Danaos Corporation, together with its subsidiaries, provides container and drybulk vessels services in Australia, Asia, and Europe. The company offers seaborne transportation services by operating vessels in the containership and drybulk sectors of the shipping industry. As of April 03, 2024, it had a fleet of 68 containerships aggregating 421,293 twenty-foot equivalent units in capacity.