Danaos (DAC) Receiving Favorable Media Coverage, Accern Reports

Media stories about Danaos (NYSE:DAC) have been trending positive recently, Accern Sentiment reports. Accern ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Danaos earned a news sentiment score of 0.27 on Accern’s scale. Accern also assigned news coverage about the shipping company an impact score of 46.4348784586019 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Shares of Danaos (DAC) remained flat at $$1.50 during trading on Friday. The stock had a trading volume of 192,036 shares, compared to its average volume of 42,677. Danaos has a twelve month low of $1.25 and a twelve month high of $3.20. The stock has a market capitalization of $164.70, a P/E ratio of -0.43 and a beta of 1.31.

Danaos (NYSE:DAC) last issued its quarterly earnings results on Monday, October 30th. The shipping company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. Danaos had a negative net margin of 85.72% and a positive return on equity of 21.68%. The firm had revenue of $113.59 million for the quarter, compared to analysts’ expectations of $107.58 million. During the same period in the previous year, the business earned $0.21 earnings per share. Danaos’s revenue for the quarter was up 1.6% compared to the same quarter last year. equities research analysts expect that Danaos will post 0.74 EPS for the current fiscal year.

DAC has been the topic of several research reports. ValuEngine upgraded shares of Danaos from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Jefferies Group reiterated a “hold” rating and issued a $3.00 price target on shares of Danaos in a research report on Tuesday, October 24th. Finally, Zacks Investment Research cut shares of Danaos from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Four equities research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average target price of $3.00.

COPYRIGHT VIOLATION WARNING: This news story was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at https://www.dispatchtribunal.com/2018/01/13/danaos-dac-receiving-favorable-media-coverage-accern-reports.html.

About Danaos

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.

Insider Buying and Selling by Quarter for Danaos (NYSE:DAC)

Receive News & Ratings for Danaos Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Danaos and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply