Danaos Corporation (DAC) Given Daily Media Sentiment Score of 0.21
Headlines about Danaos Corporation (NYSE:DAC) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Danaos Corporation earned a news impact score of 0.21 on Accern’s scale. Accern also gave media stories about the shipping company an impact score of 46.7519718585219 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several research firms have commented on DAC. BidaskClub raised shares of Danaos Corporation from a “sell” rating to a “hold” rating in a report on Friday, July 14th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $3.00 price target on shares of Danaos Corporation in a report on Monday, July 10th. Zacks Investment Research lowered shares of Danaos Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th. Finally, ValuEngine lowered shares of Danaos Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Five equities research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and a consensus price target of $2.25.
Shares of Danaos Corporation (NYSE DAC) opened at 1.70 on Friday. The firm has a 50-day moving average of $1.84 and a 200 day moving average of $1.79. Danaos Corporation has a 12-month low of $1.25 and a 12-month high of $4.40. The stock’s market capitalization is $186.66 million.
Danaos Corporation (NYSE:DAC) last posted its quarterly earnings results on Monday, July 31st. The shipping company reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.05. Danaos Corporation had a negative net margin of 92.96% and a positive return on equity of 16.72%. The company had revenue of $113.88 million for the quarter, compared to the consensus estimate of $108.01 million. During the same period last year, the firm posted $0.43 EPS. The company’s revenue for the quarter was down 16.9% on a year-over-year basis. Equities analysts forecast that Danaos Corporation will post $0.89 earnings per share for the current fiscal year.
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Danaos Corporation Company Profile
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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