Danaos (NYSE:DAC) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Danaos (NYSE:DAC) issued its earnings results on Monday. The shipping company reported $6.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.52 by ($0.02), Zacks reports. Danaos had a return on equity of 16.68% and a net margin of 56.16%.

Danaos Stock Up 1.1 %

Shares of Danaos stock opened at $80.95 on Tuesday. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 2.80 and a beta of 1.42. The stock has a 50-day simple moving average of $79.21 and a 200-day simple moving average of $81.49. Danaos has a 52-week low of $69.33 and a 52-week high of $98.25. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.93 and a quick ratio of 3.78.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Jefferies Financial Group reissued a “buy” rating and issued a $105.00 price target on shares of Danaos in a research note on Tuesday, November 12th. StockNews.com cut Danaos from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th.

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.