Danaos (DAC) Projected to Post Earnings on Tuesday

Danaos (NYSE:DAC) will likely be issuing its Q1 2025 quarterly earnings data after the market closes on Tuesday, May 13th. Analysts expect the company to announce earnings of $6.33 per share and revenue of $242.00 million for the quarter.

Danaos (NYSE:DAC) last posted its quarterly earnings results on Monday, February 10th. The shipping company reported $6.50 earnings per share for the quarter, missing analysts’ consensus estimates of $6.52 by ($0.02). Danaos had a net margin of 49.81% and a return on equity of 16.03%. On average, analysts expect Danaos to post $29 EPS for the current fiscal year and $28 EPS for the next fiscal year.

Danaos Stock Performance

Shares of NYSE DAC opened at $83.21 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.93 and a quick ratio of 3.78. The stock’s fifty day moving average price is $78.10 and its two-hundred day moving average price is $79.79. Danaos has a one year low of $65.40 and a one year high of $98.25. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 3.21 and a beta of 1.34.

Danaos declared that its Board of Directors has approved a share repurchase plan on Monday, April 14th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the shipping company to purchase up to 6.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DAC. StockNews.com raised Danaos from a “hold” rating to a “buy” rating in a report on Tuesday, May 6th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $105.00 price objective on shares of Danaos in a report on Tuesday, February 11th.

About Danaos

Danaos Corporation, together with its subsidiaries, provides container and drybulk vessels services in Australia, Asia, and Europe. The company offers seaborne transportation services by operating vessels in the containership and drybulk sectors of the shipping industry. As of April 03, 2024, it had a fleet of 68 containerships aggregating 421,293 twenty-foot equivalent units in capacity.