Shares of Danaos Corp. (NYSE:DAC) have earned an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Analysts have set a one year consensus target price of $4.75 for the company and are expecting that the company will post $0.38 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Danaos Corp. an industry rank of 215 out of 265 based on the ratings given to related companies.
Several research analysts recently issued reports on DAC shares. Jefferies Group reissued a “hold” rating on shares of Danaos Corp. in a research note on Monday, September 12th. Zacks Investment Research lowered shares of Danaos Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 17th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. acquired a new position in Danaos Corp. during the first quarter valued at $122,000. Renaissance Technologies LLC acquired a new position in Danaos Corp. during the first quarter valued at $128,000. Spark Investment Management LLC increased its position in Danaos Corp. by 71.6% in the first quarter. Spark Investment Management LLC now owns 35,700 shares of the company’s stock valued at $135,000 after buying an additional 14,900 shares during the last quarter. FCA Corp TX increased its position in Danaos Corp. by 188.3% in the second quarter. FCA Corp TX now owns 43,245 shares of the company’s stock valued at $118,000 after buying an additional 28,245 shares during the last quarter. Finally, Acrospire Investment Management LLC acquired a new position in Danaos Corp. during the first quarter valued at $253,000. Hedge funds and other institutional investors own 2.21% of the company’s stock.
Shares of Danaos Corp. (NYSE:DAC) opened at 2.34 on Tuesday. The company’s 50 day moving average is $2.92 and its 200 day moving average is $3.51. Danaos Corp. has a one year low of $2.31 and a one year high of $6.62. The company has a market cap of $256.93 million, a P/E ratio of 1.87 and a beta of 1.01.
Danaos Corp. (NYSE:DAC) last issued its earnings results on Monday, August 1st. The company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The business had revenue of $137 million for the quarter, compared to analyst estimates of $135.57 million. Danaos Corp. had a net margin of 24.43% and a return on equity of 21.29%. Danaos Corp.’s revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 earnings per share. On average, equities analysts predict that Danaos Corp. will post $1.56 earnings per share for the current year.
Danaos Corp. Company Profile
Danaos Corporation is a holding company and an international owner of containerships, chartering its vessels to a range of liner companies. The Company’s principal business is the acquisition and operation of vessels. The Company conducts its operations through the vessel owning companies, whose principal activity is the ownership and operation of containerships that are under the management of a related party of the company.
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