Danaos (NYSE:DAC) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, February 12th. Analysts expect the company to announce earnings of $0.22 per share for the quarter.
Danaos (NYSE:DAC) last issued its quarterly earnings results on Monday, October 30th. The shipping company reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.04. Danaos had a positive return on equity of 21.68% and a negative net margin of 85.72%. The company had revenue of $113.59 million for the quarter, compared to analyst estimates of $107.58 million. During the same quarter last year, the company posted $0.21 EPS. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. 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) opened at $1.30 on Friday. Danaos has a 52 week low of $1.25 and a 52 week high of $3.20. The stock has a market capitalization of $142.74, a price-to-earnings ratio of -0.37 and a beta of 0.78.
DAC has been the topic of several recent analyst reports. Zacks Investment Research upgraded Danaos from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Jefferies Group reiterated a “hold” rating and issued a $3.00 price target on shares of Danaos in a research note on Tuesday, October 24th. Finally, ValuEngine lowered Danaos from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Four analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average target price 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.
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