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      6. Danaos Corp (DAC) Quote

      Danaos Corp

      Danaos Corp (DAC)

      Datable Technology Corporation
      77.46
      -0.49
      (-0.63%)
      Closed January 17 4:00PM
      Delayed by 15 minutes
      77.46
      0.00
      (0.00%)
      After Hours: 6:02PM
      Delayed by 15 minutes

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      Key stats and details

      Current Price
      77.46
      Bid
      -
      Ask
      -
      Volume
      153,146
      77.45 Day's Range 79.385
      69.33 52 Week Range 98.25
      Market Cap
      1.504B
      Previous Close
      77.95
      Open
      77.58
      Last Trade
      5731
      @
      77.46
      Last Trade Time
      Financial Volume
      $ 11,942,517
      VWAP
      77.9813
      Average Volume (3m)
      121,068
      Shares Outstanding
      19,418,696
      Dividend Yield
      4.39%
      PE Ratio
      2.61
      Earnings Per Share (EPS)
      29.68
      Revenue
      973.58M
      Net Profit
      576.3M

      About Danaos Corp

      Danaos Corp is an an international owner of containerships. It provides international seaborne transportation services by operating vessels in the containership sector of the shipping industry. The company's customer includes CMA-CGM, Hyundai Merchant Marine, MSC, Yang Ming, Hapag Lloyd, ZIM, Maersk... Danaos Corp is an an international owner of containerships. It provides international seaborne transportation services by operating vessels in the containership sector of the shipping industry. The company's customer includes CMA-CGM, Hyundai Merchant Marine, MSC, Yang Ming, Hapag Lloyd, ZIM, Maersk, COSCO, OOCL, Evergreen, KMTC, SITC, Niledutch, Samudera and ONE; and for Gemini, MSC, CMA-CGM, Hapag Lloyd and TS Lines. Geographically, the company operates in Australia-Asia, Europe, and America, with maximum revenue from Australia-Asia region. Show more

      Sector
      Deep Sea Frn Trans-freight
      Industry
      Deep Sea Frn Trans-freight
      Website
      www.danaos.com
      Headquarters
      Athens, Attica, Grc
      Founded
      -
      Danaos Corp is listed in the Deep Sea Frn Trans-freight sector of the New York Stock Exchange with ticker DAC. The last closing price for Danaos was $77.95. Over the last year, Danaos shares have traded in a share price range of $ 69.33 to $ 98.25.

      Danaos currently has 19,418,696 shares outstanding. The market capitalization of Danaos is $1.51 billion. Danaos has a price to earnings ratio (PE ratio) of 2.61.

      Ask ADVFN Intelligence (AI)

      Danaos (DAC) Options Flow Summary

      DAC Options Flow

      Overall Flow

      Bullish

      Net Premium

      35k

      Calls / Puts

      100.00%

      Buys / Sells

      100.00%

      OTM / ITM

      0.00%

      Sweeps Ratio

      0.00%

      DAC Latest News

      More News

      Form SCHEDULE 13D/A - General Statement of Acquisition of Beneficial Ownership: [Amend]

      January 16 2025
      Edgar (US Regulatory)

      Shipping: State of Play & What Lies Ahead

      Capital Link Releases Shipping Sectors Webinar Highlights Booklet Your 2025 Guide to Shipping Industry Trends NEW YORK, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Capital Link is pleased to announce...

      January 06 2025
      GlobeNewswire Inc.

      UPDATE – Capital Link Shipping Sectors Webinar Series - December 2024 - Dry Bulk, Container, Product Tanker, Crude Tanker, LPG, LNG Shipping

      LPG Shipping Sector: Monday, December 2, 2024, at 10:00 AM ETContainers Shipping Sector: Tuesday, December 3, 2024, at 10:00 AM ETProduct Tankers Sector: Thursday, December 5, 2024, at 9:00 AM...

      November 26 2024
      GlobeNewswire Inc.

      Capital Link Shipping Sectors Webinar Series - December 2024 - Dry Bulk, Container, Product Tanker, Crude Tanker, LPG, LNG Shipping

      LPG Shipping Sector: Monday, December 2, 2024, at 10:00 AM ETContainers Shipping Sector: Tuesday, December 3, 2024, at 10:00 AM ETProduct Tankers Sector: Thursday, December 5, 2024, at 9:00 AM...

      November 26 2024
      GlobeNewswire Inc.

      Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

      November 12 2024
      Edgar (US Regulatory)

      Danaos Corporation Reports Third Quarter and Nine Months Results for the Period Ended September 30, 2024

      Danaos Corporation Reports Third Quarter and Nine Months Results for the Period Ended September 30, 2024 PR Newswire ATHENS, Greece, Nov. 12, 2024 ATHENS, Greece, Nov. 12, 2024 /PRNewswire/...

      November 12 2024
      PR Newswire (US)

      Danaos Corporation Announces Date for the Release of Third Quarter 2024 Results, Conference Call and Webcast

      Danaos Corporation Announces Date for the Release of Third Quarter 2024 Results, Conference Call and Webcast PR Newswire ATHENS, Greece, Oct. 31, 2024 ATHENS, Greece, Oct. 31, 2024 /PRNewswire/...

      October 31 2024
      PR Newswire (US)

      Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

      August 06 2024
      Edgar (US Regulatory)

      Danaos Corporation Reports Second Quarter and Half Year Results for the Period Ended June 30, 2024

      Danaos Corporation Reports Second Quarter and Half Year Results for the Period Ended June 30, 2024 PR Newswire ATHENS, Greece, Aug. 5, 2024 ATHENS, Greece, Aug. 5, 2024 /PRNewswire/ -- Danaos...

      August 05 2024
      PR Newswire (US)

      Danaos Corporation Announces Date for the Release of Second Quarter 2024 Results, Conference Call and Webcast

      Danaos Corporation Announces Date for the Release of Second Quarter 2024 Results, Conference Call and Webcast PR Newswire ATHENS, Greece, July 29, 2024 ATHENS, Greece, July 29, 2024 /PRNewswire/...

      July 29 2024
      PR Newswire (US)
      PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
      1-1.45-1.8375364339178.9181.577.3713277078.86574252CS
      41.411.854043392576.0583.375.9411558679.45201296CS
      12-5.26-6.3588007736982.7289.475.9412106881.15211895CS
      26-10.24-11.676168757187.789.474.7711034482.08545168CS
      521.51.974723538775.9698.2569.3310736981.51031767CS
      1562.463.2875107.4751.119033175.73449385CS
      26068.74788.3027522948.72107.472.524639158.24999489CS

      DAC - Frequently Asked Questions (FAQ)

      What is the current Danaos share price?
      The current share price of Danaos is $ 77.46
      How many Danaos shares are in issue?
      Danaos has 19,418,696 shares in issue
      What is the market cap of Danaos?
      The market capitalisation of Danaos is USD 1.51B
      What is the 1 year trading range for Danaos share price?
      Danaos has traded in the range of $ 69.33 to $ 98.25 during the past year
      What is the PE ratio of Danaos?
      The price to earnings ratio of Danaos is 2.61
      What is the cash to sales ratio of Danaos?
      The cash to sales ratio of Danaos is 1.55
      What is the reporting currency for Danaos?
      Danaos reports financial results in USD
      What is the latest annual turnover for Danaos?
      The latest annual turnover of Danaos is USD 973.58M
      What is the latest annual profit for Danaos?
      The latest annual profit of Danaos is USD 576.3M
      What is the registered address of Danaos?
      The registered address for Danaos is 14, AKTI KONDYLI, PIRAEUS, ATHENS, ATTICA, 18545
      What is the Danaos website address?
      The website address for Danaos is www.danaos.com
      Which industry sector does Danaos operate in?
      Danaos operates in the DEEP SEA FRN TRANS-FREIGHT sector

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      DAC Discussion

      View Posts
      SirJoke SirJoke 3 years ago
      Stable and crushing it again even with the turbulent markets.
      👍️0
      SirJoke SirJoke 4 years ago
      BAZINGA!
      👍️0
      SirJoke SirJoke 4 years ago
      DAC has been a beast since late Nov '20.
      Could easily still double from here.
      👍️0
      gerard711 gerard711 4 years ago
      Good reason to load up I hope you did
      👍️0
      grantastic grantastic 4 years ago
      heavy debt + quickly depreciating assets.
      👍️0
      1hot toddy 1hot toddy 4 years ago
      y is this company selling for how much it made this year.

      company made 8.50 share and sells for 8.50???

      thx
      👍️0
      grantastic grantastic 4 years ago
      Amazing runup.

      Interesting repurchase agreement.
      👍️0
      grantastic grantastic 4 years ago
      yes, i am surprised

      the $10m is up to $0.40/share

      if they exhaust the entire repurchase allocation they may reduce the outstanding shares by up to 10% or so.

      This is also approximately 1/2 of a used vessel purchase.
      👍️0
      oil export oil export 4 years ago
      Repurchase is a kind of dividend and in my opinion, a game changer.
      https://seekingalpha.com/article/4364165-danaos-dac-corporate-presentation-slideshow
      👍️0
      grantastic grantastic 5 years ago
      Yes, Costas has proven his main priority is growing the fleet. That may be good and it may be bad, but it means people looking for a dividend shouldn't get their hopes up.
      👍️0
      oil export oil export 5 years ago
      So you can dream of replacing the old fleet and growth.
      👍️0
      grantastic grantastic 5 years ago
      Recent Developments
      In 2020, we acquired one 8,463 TEU container vessel and one 8,626 TEU container vessel, both of which have been fixed on two-year charters and in the aggregate are expected to contribute approximately $12 million to EBITDA on an annualized basis. Additionally, we entered into an agreement to acquire an 8,533 TEU vessel, which is expected to be delivered to us in the second quarter of 2020.

      Time to stop dreaming about dividends. As always, Costas is sinking DAC liquidity into buying more ships.
      👍️0
      grantastic grantastic 5 years ago
      jeez good luck getting dividends in 2021 let alone 2020 with this trajectory
      👍️0
      grantastic grantastic 5 years ago
      Exactly. The board hasn't even discussed dividends.
      👍️0
      oil export oil export 5 years ago
      Randall Giveans
      Five years, 60%. All right. Second question. Obviously, following the successful equity offering, you're now permitted to reinstate dividends. So with that, what is kind of the timing or thoughts around that first dividend payment? And what amount do you plan on maybe proposing to the Board? Is it $0.10, $0.15, $0.20 a quarter? And then how do you plan on kind of deciding that amount?
      John Coustas
      Yes, Randy. Yes, sorry. I wasn't -- I forgot I was on mute. It was actually on the Board agenda to discuss about the dividend restatement. However, we deferred any kind of decision due to the uncertainty that was created by the coronavirus. It was a completely uncalculated event. So we prefer to defer that decision for the next Board meeting.
      https://seekingalpha.com/article/4323162-danaos-corp-dac-ceo-john-coustas-on-q4-2019-results-earnings-call-transcript?page=3
      👍️0
      grantastic grantastic 5 years ago
      Maybe I'm wrong and next Q Costas will announce a dividend.

      But I'm sure he won't.
      👍️0
      oil export oil export 5 years ago
      I heard in the conference call that at one point an analyst asked about a dividend so they said they would consider a dividend after the report was published and the analyst said that with $ 300 million in cash flow, $ 10 million could be allocated to dividend.
      👍️0
      grantastic grantastic 5 years ago
      There is not going to be a dividend announced this quarter.

      I do not understand why you think it will happen.

      Costas never even suggested it was likely.

      If you can find anything in the call transcripts to say a dividend is likely this Q, please quote it?
      👍️0
      oil export oil export 5 years ago
      Maybe yes maybe not everything is possible
      👍️0
      grantastic grantastic 5 years ago
      So you agree with me: no dividend announcement in the next quarter.

      Great.

      When there are signs that the crisis is over, and not before Q1
      👍️0
      oil export oil export 5 years ago
      When there are signs that the crisis is over, and not before Q1
      👍️0
      grantastic grantastic 5 years ago
      When?

      i think they will pay/we will see
      👍️0
      oil export oil export 5 years ago
      i think they will pay/we will see
      👍️0
      grantastic grantastic 5 years ago
      I read the conference call transcript.

      Costas said the discussion of a dividend was postponed until the next board meeting. "Board Discussion" is of course a necessary step to issuing a dividend, but it alone doesn't make it guaranteed or even likely.

      I personally don't think Costas is going to fire up a dividend right now when he's shown a propensity for buying up more ships ahead of all other uses of capital.

      If Costas has learned any lessons from the last decade he'll hold off on the dividend OR ship purchases, and continue to pay down debt. But I'm not sure that's a lesson he's learned.

      The past 7 years isn't "irrelevant" to the long-term shareholders who saw the market value of their DAC shares drop over 90%.

      👍️0
      oil export oil export 5 years ago
      Did you hear the conference call? It was said there would be no dividend discussion in the past q1 years.
      About the past 7 years, irrelevant, except the capital structure improved dramatically.
      👍️0
      grantastic grantastic 5 years ago
      Holding DAC for any sustained period in the past 7 years was a grievous financial mistake.

      Now may be a decent time to buy. Who knows.

      2019 free cash flow was 40% of current market cap so that's not bad. Even with shrinking revenues the reduction interest expense might balance that out.

      Keep dreaming about a dividend in Q2, not going to happen. Not unless Costas gets very irresponsible and there's no indication he's that reckless.

      ll not sell a share of a profitable company! The company leases ships to other companies and the situation hardly affects it. After Q1 there will be dividend distributions. In my opinion it fits Long and I bought yesterday.
      👍️0
      oil export oil export 5 years ago
      ll not sell a share of a profitable company! The company leases ships to other companies and the situation hardly affects it. After Q1 there will be dividend distributions. In my opinion it fits Long and I bought yesterday.
      👍️0
      grantastic grantastic 5 years ago
      I wish I had shorted DAC
      👍️0
      oil export oil export 5 years ago
      According to the presentation and conference call, First Dividend together with the first quarter report.
      https://services.choruscall.com/links/dac200211.html
      https://s2.q4cdn.com/951507448/files/doc_presentations/2020/02/DAC-Corporate-Presentation-February-2020.pdf
      👍️0
      grantastic grantastic 5 years ago
      Insiders are under water... again.... on their recent purchase.

      ouch
      👍️0
      oil export oil export 5 years ago
      https://seekingalpha.com/article/4311718-danaos-looks-like-cheapest-stock-in-market?utm_medium=email&utm_source=seeking_alpha
      Target 30 $
      👍️0
      grantastic grantastic 5 years ago
      Insiders buying shares for $6/share.

      This looks good until you remember that several years ago, insiders bought shares for $3.50... pre-reverse-split. That's about $49 post-split.

      Despite the reverse split, DAC is again getting closer to breaching NYSE listing requirements. Another 50% drop means another reverse split would be required.
      👍️0
      oil export oil export 5 years ago
      https://finance.yahoo.com/news/top-ranked-value-stocks-buy-153703783.html
      👍️0
      oil export oil export 6 years ago
      There is nothing new and the stock is falling,How can a company earn $ 8.5 a share traded at $ 8.5?
      👍️0
      grantastic grantastic 6 years ago
      Looks like I nailed this prediction.

      Based on past patterns, I'd sell now and re-buy in a few weeks.
      👍️0
      oil export oil export 6 years ago
      A better position in the size of the debt and lower expenses on debt and an increase in profit and shareholders' equity
      👍️0
      grantastic grantastic 6 years ago
      I haven't owned DAC in about 5 years. The smartest investment I made during that time was to resist re-buying shares no matter how cheap they appeared.

      Don't know what you mean by "much better position"... better position that what? Aside from blips, this stock has been a loser ever since it IPO'd.
      👍️0
      oil export oil export 6 years ago
      Good luck ! Just keep in mind that the company is in a much better position and there is justification for the stock to continue to rise and a lot.
      👍️0
      grantastic grantastic 6 years ago
      Based on past patterns, I'd sell now and re-buy in a few weeks.

      👍️0
      oil export oil export 6 years ago
      WOW
      https://ih.advfn.com/stock-market/NYSE/danaos-corp-DAC/stock-news/79902264/danaos-corporation-reports-first-quarter-results-f
      👍️0
      oil export oil export 6 years ago
      Strong buy
      https://finance.yahoo.com/news/danaos-dac-moves-strong-buy-130001461.html
      👍️0
      grantastic grantastic 6 years ago
      Can you name the exact amount of debt you consider "acceptable"?

      And you believe that 2 full years is "a few quarters"?

      When you say "recycle debt" are you saying that in 2 years (i.e., start of 2021) you expect banks to start lending DAC money to buy more containerships?

      Even if all true, I don't know how that helps the stock price... DAC borrowed billions of dollars already and where did it get them? Shareholder equity completely destroyed. It's proven incapable of creating value from the borrowed money.

      Share price is like 70% lower than its lowest low during the height of the financial crisis.

      Give a look at the balance of a very similar SSW company. I think they should have 4-8 quartets with cash flow similar to the last quarter to reach calming the banks and investors.
      👍️0
      oil export oil export 6 years ago
      Give a look at the balance of a very similar SSW company. I think they should have 4-8 quartets with cash flow similar to the last quarter to reach calming the banks and investors.
      👍️0
      grantastic grantastic 6 years ago
      What is a "reasonable" level of debt in your opinion?

      What do you mean by "recycling" of the outstanding debt? As in lenders will make new loans for DAC to purchase more ships?

      how many is a "few" quarters? 3? 4?
      👍️0
      oil export oil export 6 years ago
      I expect that in a few quarters the debt will fall to a reasonable level, the banks will allow for the recycling of the outstanding debt and the renewal of the fleet
      👍️0
      grantastic grantastic 6 years ago
      When do you expect the debt to be paid off?

      What do you expect the value of the ships to be at that time?
      👍️0
      oil export oil export 6 years ago
      I expect that the strong cash flow will reduce the debt and enable the renewal of the fleet of ships. As time passes the financial situation improves and in the first stage the target is at least $ 3 a share.
      👍️0
      grantastic grantastic 6 years ago
      Which price do you expect a reversion to? $30/share from the 2007 era? $6/share from 2015?

      How does the impending long-term charter expirations from now -> 2024 play into your thinking?
      👍️0
      oil export oil export 6 years ago
      https://ih.advfn.com/p.php?pid=nmona&article=78692116&symbol=DAC
      The report is excellent and far above expectations, the balance has improved greatly. The price of the share should revert to the price that was in the distant past.
      👍️0
      oil export oil export 6 years ago
      All Greek shipping companies are rising like DCIX TOPS and more
      👍️0

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