Danaos (NYSE:DAC) will be announcing its earnings results after the market closes on Tuesday, June 26th. Analysts expect the company to announce earnings of $0.18 per share for the quarter.
Shares of Danaos opened at $1.65 on Monday, according to MarketBeat.com. The company has a market cap of $181.17 million, a P/E ratio of 1.57 and a beta of 0.72. Danaos has a 12-month low of $1.05 and a 12-month high of $3.20.
Several analysts recently issued reports on DAC shares. Zacks Investment Research lowered shares of Danaos from a “hold” rating to a “sell” rating in a research report on Wednesday, March 7th. ValuEngine lowered shares of Danaos from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, Jefferies Financial Group restated a “hold” rating and set a $2.00 target price on shares of Danaos in a research report on Friday, March 2nd.
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, 2018, it had a fleet of 55 containerships aggregating 327,616 twenty foot equivalent units.
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