DAC - DANAOS CORP （）

Danaos'' fundamentals are strong. It has a clean balance sheet and should be able to reduce its net debt to zero pretty soon. Read more on DAC stock here.

Danaos Corporation (NYSE:NYSE:DAC) Q4 2022 Earnings Conference Call February 15, 2023 9:00 AM ETCompany ParticipantsJohn Coustas - Chief Executive OfficerEvangelos Chatzis - Chief Financial…

ATHENS, Greece (AP) — ATHENS, Greece (AP) — Danaos Corp. (DAC) on Tuesday reported fourth-quarter net income of $152.7 million.…

Danaos (NYSE:DAC) declares $0.75/share quarterly dividend, in line with previous.Forward yield 5.06%.Payable March 14; for shareholders of record Feb. 28; ex-div Feb.

Danaos press release (DAC): Q4 Non-GAAP EPS of $6.99.Revenue of $252.48M (+17.4% Y/Y).Contracted operating days charter coverage currently stands at 92.6% for 2023 and 63.3% for 2024.

Danaos Corporation found using ticker (DAC) have now 3 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The target price ranges between 125 and 115 with the average target price sitting at 121.67. Now with the previous closing price of 63.1 this is indicating there is a potential upside of 92.8%. The day 50 moving average is 76.76 and the 200 day moving average is 80.86. The company has a market capitalisation of $1,283m. Find out more information at: https://www.danaos.com [stock_market_widget type="chart" template="basic" color="green" assets="DAC" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $2,473m based on the market concensus. 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, 2022, it had a fleet of 71 containerships aggregating 436,589 twenty-foot equivalent units in capacity.

The shipping industry has shown resilience in 2022. The Dow Jones U.S. Marine Transport index is up by less than 1% but hasn’t dropped below its January opening value all year. That’s good news for anyone looking for shipping stocks to buy now. According to the International Chamber of Shipping , “some 11 billion tons of goods are transported by ship each year. This represents an impressive 1.5 tons per person based on the current global population.” Shipping has many advantages as a form of long-distance transport. Primary among these are the ability to transfer goods in large volumes, lower costs compared to other methods of transportation and ease of transfer for raw materials and commodities like iron ore and oil that present challenges via other methods. The shipping industry faces many challenges. The war in Ukraine has made exports of agricultural products impossible, and the pandemic caused lockdowns and a supply-demand imbalance in goods. Also, the shipping industry is subject to economic and business cycles. 7 Retirement Stocks to Buy for a Bear Market These three shipping stocks to buy now offer value and growth prospects in an industry that shows plenty of momentum and strength in 2022.

Danaos Corporation with ticker code (DAC) have now 4 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 125 and 115 calculating the average target price we see 122.5. Given that the stocks previous close was at 68.41 this would imply there is a potential upside of 79.1%. There is a 50 day moving average of 81.41 and the 200 moving average now moves to 81.81. The market cap for the company is $1,397m. Visit the company website at: https://www.danaos.com [stock_market_widget type="chart" template="basic" color="green" assets="DAC" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $2,501m based on the market concensus. 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.

Container shipping stocks have cratered, largely due to macro fears, dragging down container ship lessors, like Danaos, with them. Click here to read my take on DAC and related stocks here.

Greek containership owner Danaos Corporation said it expected the charter market bull run to continue until at least the end of next year. Ocean carriers are competing fiercely to fix the small number of open ships coming on to the market at virtually any cost; driving a massive spike in daily hire rates and greatly extending charter party periods. New York-listed non-operating owner (NOO) Danaos reported very strong earnings for Q2 and The post Containership owner Danaos reports strong earnings from charter market bull run appeared first on The Loadstar .