Danaos Corp. (DAC) Trading Down 3.4%
Danaos Corp. (NYSE:DAC) shares dropped 3.4% during mid-day trading on Thursday . The stock traded as low as $4.51 and last traded at $4.58, with a volume of 156,541 shares. The stock had previously closed at $4.74.
DAC has been the topic of several research analyst reports. Zacks Investment Research raised shares of Danaos Corp. from a “strong sell” rating to a “strong-buy” rating and set a $3.50 target price on the stock in a research note on Wednesday, July 6th. Jefferies Group reaffirmed a “hold” rating and issued a $5.00 price objective on shares of Danaos Corp. in a research note on Friday, May 6th.
The firm’s 50-day moving average price is $3.56 and its 200-day moving average price is $4.06. The firm has a market cap of $484.13 million and a PE ratio of 3.70.
Danaos Corp. (NYSE:DAC) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.02. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The business earned $137.47 million during the quarter, compared to the consensus estimate of $138.95 million. The company’s revenue was down .8% compared to the same quarter last year. On average, equities research analysts anticipate that Danaos Corp. will post $1.58 EPS for the current fiscal year.
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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