Danaos Corp. (DAC) Trading Down 6.4%
Danaos Corp. (NYSE:DAC) was down 6.4% on Wednesday . The stock traded as low as $3.20 and last traded at $3.23, with a volume of 58,787 shares. The stock had previously closed at $3.45.
Several equities research analysts recently weighed in on DAC shares. Zacks Investment Research downgraded shares of Danaos Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 17th. Jefferies Group reaffirmed a “hold” rating on shares of Danaos Corp. in a report on Monday, August 1st.
The firm’s 50 day moving average price is $4.02 and its 200 day moving average price is $3.83. The firm has a market capitalization of $354.65 million and a P/E ratio of 2.58.
Danaos Corp. (NYSE:DAC) last issued its earnings results on Monday, August 1st. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. During the same period last year, the business earned $0.35 earnings per share. The firm earned $137 million during the quarter, compared to the consensus estimate of $135.57 million. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. On average, analysts anticipate that Danaos Corp. will post $1.56 earnings per share 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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