Danaos Corp. (DAC) Given Consensus Rating of “Hold” by Analysts
Danaos Corp. (NYSE:DAC) has earned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One 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 forecasting that the company will post $0.38 EPS for the current quarter, according to Zacks. Zacks has also assigned Danaos Corp. an industry rank of 200 out of 265 based on the ratings given to related companies.
Several equities analysts have recently weighed in on DAC shares. Jefferies Group reissued a “hold” rating on shares of Danaos Corp. in a report on Monday, September 12th. Zacks Investment Research cut Danaos Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, October 4th.
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Shares of Danaos Corp. (NYSE:DAC) traded down 2.6906% during midday trading on Tuesday, reaching $2.5787. The company’s stock had a trading volume of 17,338 shares. The company has a market cap of $283.14 million, a PE ratio of 2.0613 and a beta of 1.02. Danaos Corp. has a 12 month low of $2.57 and a 12 month high of $6.64. The company’s 50-day moving average price is $3.02 and its 200-day moving average price is $3.54.
Danaos Corp. (NYSE:DAC) last released its quarterly earnings results on Monday, August 1st. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. The firm had revenue of $137 million for the quarter, compared to analysts’ expectations of $135.57 million. Danaos Corp. had a return on equity of 21.29% and a net margin of 24.43%. The company’s revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 EPS. On average, equities analysts anticipate that Danaos Corp. will post $1.56 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of the company. Clark Capital Management Group Inc. raised its stake in Danaos Corp. by 15.9% in the first quarter. Clark Capital Management Group Inc. now owns 429,607 shares of the company’s stock valued at $1,633,000 after buying an additional 59,016 shares during the period. Acrospire Investment Management LLC bought a new stake in Danaos Corp. during the first quarter valued at approximately $253,000. FCA Corp TX raised its stake 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 period. Spark Investment Management LLC raised its stake 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 period. Finally, Renaissance Technologies LLC bought a new stake in Danaos Corp. during the first quarter valued at approximately $128,000. Hedge funds and other institutional investors own 2.21% of the company’s stock.
About Danaos Corp.
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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