Media headlines about Danaos (NYSE:DAC) have trended positive recently, Accern reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Danaos earned a daily sentiment score of 0.27 on Accern’s scale. Accern also assigned media stories about the shipping company an impact score of 46.4348784586019 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several analysts have recently weighed in on DAC shares. Zacks Investment Research upgraded shares of Danaos from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. 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, ValuEngine downgraded shares of Danaos from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Four investment analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus target price of $3.00.
Shares of Danaos (DAC) opened at $1.38 on Monday. The company has a market cap of $150.97, a price-to-earnings ratio of -0.39 and a beta of 0.78. Danaos has a 12-month low of $1.25 and a 12-month high of $3.20.
Danaos (NYSE:DAC) last announced its quarterly earnings data on Monday, October 30th. The shipping company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04. The company had revenue of $113.59 million for the quarter, compared to analysts’ expectations of $107.58 million. Danaos had a negative net margin of 85.72% and a positive return on equity of 21.68%. Danaos’s revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 EPS. analysts expect that Danaos will post 0.74 earnings per share for the current year.
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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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