Danaos (DAC) to Release Earnings on Monday

Danaos (NYSE:DAC) will announce its earnings results after the market closes on Monday, August 5th. Analysts expect the company to announce earnings of $2.10 per share for the quarter.

Danaos (NYSE:DAC) last announced its quarterly earnings data on Monday, May 13th. The shipping company reported $2.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.24 by $0.29. The company had revenue of $112.89 million for the quarter, compared to analysts’ expectations of $108.03 million. Danaos had a positive return on equity of 19.75% and a negative net margin of 3.15%. On average, analysts expect Danaos to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Shares of NYSE DAC opened at $7.75 on Friday. The stock has a market cap of $128.01 million, a PE ratio of 0.63 and a beta of 1.19. The company has a current ratio of 0.58, a quick ratio of 0.54 and a debt-to-equity ratio of 2.05. Danaos has a 1-year low of $7.55 and a 1-year high of $24.50. The firm’s 50-day moving average price is $8.81.

A number of equities analysts recently weighed in on DAC shares. ValuEngine cut Danaos from a “buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Zacks Investment Research cut Danaos from a “hold” rating to a “sell” rating in a report on Monday, July 29th.

Danaos Company Profile

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, 2019, it had a fleet of 55 containerships aggregating 327,616 twenty foot equivalent units in capacity.

Further Reading: What are the components of an earnings report?

Earnings History for Danaos (NYSE:DAC)

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