Danaos (DAC) Set to Announce Earnings on Monday

Danaos (NYSE:DAC) is scheduled to release its earnings data after the market closes on Monday, February 12th. Analysts expect Danaos to post earnings of $0.22 per share for the quarter.

Danaos (NYSE:DAC) last posted its quarterly earnings data on Monday, October 30th. The shipping company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The business had revenue of $113.59 million during the quarter, compared to the consensus estimate of $107.58 million. Danaos had a positive return on equity of 21.68% and a negative net margin of 85.72%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.21 earnings per share. On average, analysts expect Danaos to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Danaos (NYSE DAC) traded down $0.05 on Thursday, reaching $1.30. The company’s stock had a trading volume of 15,266 shares, compared to its average volume of 62,758. The company has a market capitalization of $142.74, a P/E ratio of -0.37 and a beta of 0.78. Danaos has a twelve month low of $1.25 and a twelve month high of $3.20.

Several brokerages have recently weighed in on DAC. ValuEngine downgraded Danaos from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Jefferies Group began coverage on Danaos in a report on Monday, December 18th. They set a “hold” rating and a $3.00 price target for the company. Finally, Zacks Investment Research upgraded Danaos from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Four research analysts have rated the stock with a hold rating, Danaos presently has a consensus rating of “Hold” and an average price target of $3.00.

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Danaos 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.

Earnings History for Danaos (NYSE:DAC)

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