Headlines about Danaos (NYSE:DAC) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Danaos earned a daily sentiment score of 0.24 on Accern’s scale. Accern also gave headlines about the shipping company an impact score of 46.2419633937725 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Danaos (NYSE:DAC) opened at $1.50 on Friday. The stock has a market capitalization of $164.70, a P/E ratio of 1.56 and a beta of 1.31. Danaos has a 52 week low of $1.25 and a 52 week high of $3.20.
Danaos (NYSE:DAC) last posted its earnings results on Monday, October 30th. The shipping company reported $0.27 EPS for the quarter, beating the 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 the consensus estimate of $107.58 million. During the same quarter in the prior year, the business earned $0.21 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. equities analysts forecast that Danaos will post 0.74 earnings per share for the current fiscal year.
A number of brokerages have recently commented on DAC. ValuEngine upgraded Danaos from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Jefferies Group restated a “hold” rating and issued a $3.00 price target on shares of Danaos in a report on Tuesday, October 24th. Finally, Zacks Investment Research lowered Danaos from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Four analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average target price of $3.00.
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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