Danaos (DAC) to Release Quarterly Earnings on Tuesday

Danaos (NYSE:DAC) is expected to post its Q1 2025 quarterly earnings results 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 earnings results on Monday, February 10th. The shipping company reported $6.50 EPS 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 Price Performance

Shares of DAC opened at $83.21 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.93 and a quick ratio of 3.78. Danaos has a 1-year low of $65.40 and a 1-year high of $98.25. The stock has a market cap of $1.58 billion, a PE ratio of 3.21 and a beta of 1.34. The firm has a fifty day moving average price of $78.10 and a 200 day moving average price of $79.81.

Danaos declared that its board has approved a stock repurchase program on Monday, April 14th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the shipping company to buy up to 6.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Danaos Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were issued a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 4.09%. The ex-dividend date was Monday, February 24th. Danaos’s payout ratio is currently 13.12%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DAC shares. Jefferies Financial Group restated a “buy” rating and set a $105.00 target price on shares of Danaos in a research report on Tuesday, February 11th. StockNews.com raised shares of Danaos from a “hold” rating to a “buy” rating in a report on Tuesday, May 6th.

Danaos Company Profile

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.