Danaos Corporation, together with its subsidiaries, owns and operates containerships in Australia, Asia, Europe, and the United States. The company offers seaborne transportation services, such as chartering its vessels to liner companies. As of February 28, 2021, it had a fleet of 65 containerships aggregating 403,793 twenty foot equivalent units in capacity. The company was formerly known as Danaos Holdings Limited and changed its name to Danaos Corporation in October 2005. Danaos Corporation was founded in 1972 and is based in Piraeus, Greece.
IPO Year: 2006
Exchange: NYSE
Website: danaos.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/21/2022 | $100.00 | Buy | Jefferies |
| 2/8/2022 | $110.00 → $125.00 | Buy | Jefferies |
| 1/20/2022 | $95.00 → $110.00 | Buy | Jefferies |
| 7/2/2021 | $87.00 → $90.00 | Buy | Jefferies |
ATHENS, Greece, Nov. 12, 2024 /PRNewswire/ -- Danaos Corporation ("Danaos") (NYSE:DAC), one of the world's largest independent owners of container vessels and drybulk vessels, today reported unaudited results for the period ended September 30, 2024. Highlights for the Third Quarter and Nine Months Ended September 30, 2024: Financial Summary Three Months Ended September 30, 2024 and Three Months Ended September 30, 2023 Unaudited (Expressed in thousands of United States dollars, except as otherwise stated) Three Months Ended Three Months Ended September 30, 2024 September 30, 2023 Financial & Operating Metrics Container Vessels Drybulk Vessels Other Total Container Vessels Drybulk Vessels O
ATHENS, Greece, Oct. 31, 2024 /PRNewswire/ -- Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the third quarter ended September 30, 2024, before the open of the market in New York on Tuesday, November 12, 2024. The Company's management team will host a conference call to discuss the results on Tuesday, November 12, 2024 at 9:00 A.M. ET. Conference Call Details:Participants should dial into the call 10 minutes before the scheduled time using the following numbers: U.S. Toll Free Dial-in: 1 844 802 2437U.K. Toll Free Dial-in: 0 800 279 9489Standard International Dial-in: +44 (0) 2075 441 375
ATHENS, Greece, Aug. 5, 2024 /PRNewswire/ -- Danaos Corporation ("Danaos") (NYSE:DAC), one of the world's largest independent owners of container vessels and drybulk vessels, today reported unaudited results for the period ended June 30, 2024. Highlights for the Second Quarter and Half Year Ended June 30, 2024: Financial Summary Three Months Ended June 30, 2024 and Three Months Ended June 30, 2023 Unaudited (Expressed in thousands of United States dollars, except as otherwise stated) Three Months Ended Three Months Ended June 30, 2024 June 30, 2023 Financial & Operating Metrics ContainerVessels DrybulkVessels Other Total ContainerVessels DrybulkVessels Other Total Operating Revenues $230,5
ATHENS, Greece, July 29, 2024 /PRNewswire/ -- Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the second quarter ended June 30, 2024, after the close of the market in New York on Monday, August 5, 2024. The Company's management team will host a conference call to discuss the results on Tuesday, August 6, 2024 at 9:00 A.M. ET. Conference Call Details:Participants should dial into the call 10 minutes before the scheduled time using the following numbers: U.S. Toll Free Dial-in: 1 844 802 2437U.K. Toll Free Dial-in: 0 800 279 9489Standard International Dial-in: +44 (0) 2075 441 375 Please ind
Danaos Corporation ("Danaos") (NYSE:DAC), one of the world's largest independent owners of container vessels and drybulk vessels, today reported unaudited results for the first quarter ended March 31, 2024. Highlights for the First Quarter Ended March 31, 2024: Financial Summary Three Months Ended March 31, 2024 and Three Months Ended March 31, 2023 Unaudited (Expressed in thousands of United States dollars, except as otherwise stated) Three Months Ended Three Months Ended March 31, 2024 March 31, 2023 Financial & Operating Metrics Container Vessels
Danaos Corporation (NYSE:DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the first quarter ended March 31, 2024, before the open of the market in New York on Tuesday, May 28, 2024. The Company's management team will host a conference call to discuss the results on Tuesday, May 28, 2024 at 9:00 A.M. ET. Conference Call Details: Participants should dial into the call 10 minutes before the scheduled time using the following numbers: U.S. Toll Free Dial-in: 1 844 802 2437 U.K. Toll Free Dial-in: 0 800 279 9489 Standard International Dial-in: +44 (0) 2075 441 375 Please indicate to the operator that you wish to j
Danaos Corporation ("Danaos") (NYSE:DAC), one of the world's largest independent owners of containerships, today reported unaudited results for the fourth quarter and the year ended December 31, 2023. Highlights for the Fourth Quarter and Year Ended December 31, 2023: Financial Summary Three Months Ended December 31, 2023 and Three Months Ended December 31, 2022 Unaudited (Expressed in thousands of United States dollars, except as otherwise stated) Three Months Ended Three Months Ended December 31, 2023 December 31, 2022 Financial & Operating Metrics
ATHENS, Greece, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the fourth quarter ended December 31, 2023, after the close of the market in New York on Tuesday, February 13, 2024. The Company's management team will host a conference call to discuss the results on Wednesday, February 14, 2023 at 9:00 A.M. ET. Conference Call Details:Participants should dial into the call 10 minutes before the scheduled time using the following numbers: U.S. Toll Free Dial-in: 1 844 802 2437 U.K. Toll Free Dial-in: 0 800 279 9489Standard International Dial-in: +44 (0) 2
Danaos Corporation ("Danaos") (NYSE:DAC), one of the world's largest independent owners of containerships, today reported unaudited results for the period ended September 30, 2023. Highlights for the Third Quarter and Nine Months Ended September 30, 2023: Adjusted net income1 of $143.0 million, or $7.26 per share, for the three months ended September 30, 2023 compared to $176.9 million, or $8.71 per share, for the three months ended September 30, 2022, a decrease of $33.9 million or $1.45 per share. Adjusted net income for the three months ended September 30, 2022 had included a non-recurring $23.2 million dividend from ZIM Integrated Shipping Services Ltd. ("ZIM") that accounted for $
Danaos Corporation (NYSE:DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the third quarter ended September 30, 2023, after the close of the market in New York on Monday, November 13, 2023. The Company's management team will host a conference call to discuss the results on Tuesday, November 14, 2023 at 9:00 A.M. ET. Conference Call Details: Participants should dial into the call 10 minutes before the scheduled time using the following numbers: U.S. Toll Free Dial-in: 1 844 802 2437 U.K. Toll Free Dial-in: 0 800 279 9489 Standard International Dial-in: +44 (0) 2075 441 375 Please indicate to the operator that
Danaos Corporation ("Danaos") (NYSE:DAC) announced today that Iraklis Prokopakis will retire from his executive role as Senior Vice President and Chief Operating Officer during the fourth quarter of 2023. Mr. Prokopakis, who has served in this position since 1998, will remain on the Board of Directors and will pursue his academic interests following his retirement. The position of Chief Operating Officer will be assumed by Dimitris Vastarouchas who currently serves as Deputy Chief Operating Officer of Danaos. Mr. Vastarouchas joined Danaos Shipping Co. Ltd. (our "Manager") in 1995. He was promoted to Technical Director of our Manager in 2005 and has served as Deputy Chief Operating Office
ATHENS, Greece, Nov. 12, 2024 /PRNewswire/ -- Danaos Corporation ("Danaos") (NYSE:DAC), one of the world's largest independent owners of container vessels and drybulk vessels, today reported unaudited results for the period ended September 30, 2024. Highlights for the Third Quarter and Nine Months Ended September 30, 2024: Financial Summary Three Months Ended September 30, 2024 and Three Months Ended September 30, 2023 Unaudited (Expressed in thousands of United States dollars, except as otherwise stated) Three Months Ended Three Months Ended September 30, 2024 September 30, 2023 Financial & Operating Metrics Container Vessels Drybulk Vessels Other Total Container Vessels Drybulk Vessels O
ATHENS, Greece, Oct. 31, 2024 /PRNewswire/ -- Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the third quarter ended September 30, 2024, before the open of the market in New York on Tuesday, November 12, 2024. The Company's management team will host a conference call to discuss the results on Tuesday, November 12, 2024 at 9:00 A.M. ET. Conference Call Details:Participants should dial into the call 10 minutes before the scheduled time using the following numbers: U.S. Toll Free Dial-in: 1 844 802 2437U.K. Toll Free Dial-in: 0 800 279 9489Standard International Dial-in: +44 (0) 2075 441 375
ATHENS, Greece, Aug. 5, 2024 /PRNewswire/ -- Danaos Corporation ("Danaos") (NYSE:DAC), one of the world's largest independent owners of container vessels and drybulk vessels, today reported unaudited results for the period ended June 30, 2024. Highlights for the Second Quarter and Half Year Ended June 30, 2024: Financial Summary Three Months Ended June 30, 2024 and Three Months Ended June 30, 2023 Unaudited (Expressed in thousands of United States dollars, except as otherwise stated) Three Months Ended Three Months Ended June 30, 2024 June 30, 2023 Financial & Operating Metrics ContainerVessels DrybulkVessels Other Total ContainerVessels DrybulkVessels Other Total Operating Revenues $230,5
ATHENS, Greece, July 29, 2024 /PRNewswire/ -- Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the second quarter ended June 30, 2024, after the close of the market in New York on Monday, August 5, 2024. The Company's management team will host a conference call to discuss the results on Tuesday, August 6, 2024 at 9:00 A.M. ET. Conference Call Details:Participants should dial into the call 10 minutes before the scheduled time using the following numbers: U.S. Toll Free Dial-in: 1 844 802 2437U.K. Toll Free Dial-in: 0 800 279 9489Standard International Dial-in: +44 (0) 2075 441 375 Please ind
Danaos Corporation (NYSE:DAC), one of the world's largest independent owners of containerships, announced today that (i) it has added $616 million to its contracted revenue backlog and (ii) has added an extra five newbuilding containerships to its orderbook. The contract revenue backlog additions include (i) approximately $203 million of forward two-year charter fixtures for nine of its existing vessels and (ii) approximately $413 million of charter fixtures for the new five newbuilding orders with an average charter duration of 4.8 years weighted by aggregate contracted charter hire. The five newbuilding orders with an aggregate contract price of $509 million comprise of one additional
Danaos Corporation ("Danaos") (NYSE:DAC), one of the world's largest independent owners of container vessels and drybulk vessels, today reported unaudited results for the first quarter ended March 31, 2024. Highlights for the First Quarter Ended March 31, 2024: Financial Summary Three Months Ended March 31, 2024 and Three Months Ended March 31, 2023 Unaudited (Expressed in thousands of United States dollars, except as otherwise stated) Three Months Ended Three Months Ended March 31, 2024 March 31, 2023 Financial & Operating Metrics Container Vessels
Danaos Corporation (NYSE:DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the first quarter ended March 31, 2024, before the open of the market in New York on Tuesday, May 28, 2024. The Company's management team will host a conference call to discuss the results on Tuesday, May 28, 2024 at 9:00 A.M. ET. Conference Call Details: Participants should dial into the call 10 minutes before the scheduled time using the following numbers: U.S. Toll Free Dial-in: 1 844 802 2437 U.K. Toll Free Dial-in: 0 800 279 9489 Standard International Dial-in: +44 (0) 2075 441 375 Please indicate to the operator that you wish to j
Danaos Corporation (NYSE:DAC), one of the world's largest independent owners of containerships, announced today that its Annual Report on Form 20-F for the year ended December 31, 2023 has been filed with the Securities and Exchange Commission and can be accessed on the company's website, www.danaos.com. Alternatively, shareholders may also request a hard copy of the complete audited financial statements, free of charge, by contacting the company using the contact details provided at the end of this press release. About Danaos Corporation Danaos Corporation is one of the largest independent owners of modern, large-size containerships. Our current fleet of 68 containerships aggregating
Danaos Corporation ("Danaos") (NYSE:DAC), one of the world's largest independent owners of containerships, today reported unaudited results for the fourth quarter and the year ended December 31, 2023. Highlights for the Fourth Quarter and Year Ended December 31, 2023: Financial Summary Three Months Ended December 31, 2023 and Three Months Ended December 31, 2022 Unaudited (Expressed in thousands of United States dollars, except as otherwise stated) Three Months Ended Three Months Ended December 31, 2023 December 31, 2022 Financial & Operating Metrics
ATHENS, Greece, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the fourth quarter ended December 31, 2023, after the close of the market in New York on Tuesday, February 13, 2024. The Company's management team will host a conference call to discuss the results on Wednesday, February 14, 2023 at 9:00 A.M. ET. Conference Call Details:Participants should dial into the call 10 minutes before the scheduled time using the following numbers: U.S. Toll Free Dial-in: 1 844 802 2437 U.K. Toll Free Dial-in: 0 800 279 9489Standard International Dial-in: +44 (0) 2
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Jefferies analyst Omar Nokta maintains Danaos (NYSE:DAC) with a Buy and raises the price target from $90 to $105.
Danaos Corporation (NYSE:DAC) shares are trading lower after it reported first-quarter FY24 results. Operating revenues increased by 4.0% Y/Y to $253.4 million, missing the consensus of $256.0 million. Vessel operating expenses increased by $2.5 million to $43.1 million in the quarter due to an increase in the average number of vessels in the fleet due to recent dry bulk vessels acquisitions. Adjusted EBITDA declined to $177.2 million from $179.0 million a year ago. Adjusted EPS of $7.15 missed the consensus of $7.74. In the quarter, Danaos had an average of 68.0 container vessels and 7.0 Capesize drybulk vessels. As of March-end, the container vessels utilization stood at 97
Danaos (NYSE:DAC) reported quarterly earnings of $7.15 per share which missed the analyst consensus estimate of $7.74 by 7.62 percent. The company reported quarterly sales of $253.449 million which missed the analyst consensus estimate of $256.000 million by 1.00 percent. This is a 4.05 percent increase over sales of $243.574 million the same period last year.
As of May 28, 2024, five stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. FREYR Battery, Inc. (NYSE:FREY) On May 22, FREYR Battery announced that it completed its firs
As of April 29, 2024, four stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. Danaos Corporation (NYSE:DAC) On Feb. 13, Danaos posted downbeat quarterly results. The co
Monday marks the last chance for investors to receive the next dividend payout from Danaos (NYSE:DAC). What's Happening The company announced on Tuesday that it would pay shareholders a quarterly dividend of 80 cents per share. On Tuesday, Danaos will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 80 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own DAC as of the end of Monday's session are eligible to receive the 80 cents dividend payout for every share
Jefferies analyst Omar Nokta reiterates Danaos (NYSE:DAC) with a Buy and maintains $90 price target.
Danaos (NYSE:DAC) reported its Q4 earnings results on Tuesday, February 13, 2024 at 04:30 PM. Here's what investors need to know about the announcement. Earnings Danaos missed estimated earnings by 10.15%, reporting an EPS of $6.99 versus an estimate of $7.78. Revenue was down $3.17 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.1 which was followed by a 6.47% increase in the share price the next day. Here's a look at Danaos's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 7.36 6.67 5.89 7.24 EPS Actual 7.26 7.14 7.14 6.99 Revenue Estimate 234.25M 225.75M 209.71M 242.64M Revenue Actual 239.22
Danaos (NYSE:DAC) reported quarterly earnings of $7.70 per share which missed the analyst consensus estimate of $7.79 by 1.16 percent. The company reported quarterly sales of $249.31 million which missed the analyst consensus estimate of $250.19 million by 0.35 percent. This is a 1.25 percent decrease over sales of $252.48 million the same period last year.
Jefferies initiated coverage of Danaos with a rating of Buy and set a new price target of $100.00
Jefferies reiterated coverage of Danaos with a rating of Buy and set a new price target of $125.00 from $110.00 previously
Jefferies reiterated coverage of Danaos with a rating of Buy and set a new price target of $110.00 from $95.00 previously
Jefferies reiterated coverage of Danaos with a rating of Buy and set a new price target of $90.00 from $87.00 previously
Jefferies reiterated coverage of Danaos with a rating of Buy and set a new price target of $60.00 from $50.00 previously
Jefferies reiterated coverage of Danaos with a rating of Buy and set a new price target of $40.00 from $18.00 previously
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