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Danaos Benefits from Increasing Demand in Container Shipping
MarketBeat· 2024-06-12 11:40
Danaos Today Get Danaos alerts: Danaos has impressive fundamentals when it comes to valuations. Shares trade at just 3.23x forward earnings compared to 10.39x for Zim, 9.29x for Genco, and 6.88x for Star Bulk Carriers. The company is profitable, with a price-to-sales ratio of 1.88. The price to book is 0.84 as it generates $34.04 cash per share. The float is rather tiny at just 11.45 million shares, giving it a market capitalization of just $1.83 billion. Danaos Reports Mixed Results for Q1 2024 Overall Mar ...
Danaos(DAC) - 2024 Q1 - Quarterly Report
2024-05-28 20:50
Exhibit 99.2 Dated 19 March 2024 DANAOS CORPORATION as Borrower with CITIBANK, N.A., LONDON BRANCH as Co-ordinator and CITIBANK, N.A., LONDON BRANCH BNP PARIBAS and KFW IPEX-BANK GMBH as Mandated Lead Arrangers and Bookrunners and CITIBANK, N.A., LONDON BRANCH as Security Agent THE FINANCIAL INSTITUTIONS LISTED IN SCHEDULE 1 as Lenders guaranteed by THE ENTITIES LISTED IN SCHEDULE 1 FACILITY AGREEMENT for a $450,000,000 Loan Facility Contents | Clause | Page | | | --- | --- | --- | | Section 1 - Interpretat ...
Danaos(DAC) - 2024 Q1 - Earnings Call Transcript
2024-05-28 16:49
Danaos Corporation (NYSE:DAC) Q1 2024 Earnings Conference Call May 28, 2024 9:00 AM ET Company Participants John Coustas - CEO Evangelos Chatzis - CFO Conference Call Participants Omar Nokta - Jefferies Operator Good day, and welcome to the Danaos Corporation Conference Call to discuss the financial results for the Three Months ended March 31, 2024. As a reminder, today's call is being recorded. Hosting the call today is Dr. John Coustas, Chief Executive Officer of Danaos Corporation; and Mr. Evangelos Chat ...
Danaos: Could A Take Private Deal Be In The Works?
seekingalpha.com· 2024-05-23 02:43
Rudi_Lange Danaos Corporation (NYSE:DAC) just announced their Q1 earnings will be released on Tuesday, March 28th. This strikes me as unusual because they've been very consistent in reporting between 5-6 weeks after the end of the quarter going back for the past 5 years (you can see these dates here on SeekingAlpha.) The latest release I could find was May 18th, 2020, during the confusion from COVID. More likely than not, the delay is just noise. But with a strengthening containership market, a take-private ...
Danaos (DAC) Increases Yet Falls Behind Market: What Investors Need to Know
Zacks Investment Research· 2024-05-06 23:16
The most recent trading session ended with Danaos (DAC) standing at $78.96, reflecting a +0.53% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 1.03%. Elsewhere, the Dow saw an upswing of 0.46%, while the tech-heavy Nasdaq appreciated by 1.19%.Shares of the shipping company have appreciated by 6.28% over the course of the past month, outperforming the Transportation sector's loss of 4.11% and the S&P 500's loss of 1.57%.The investment community ...
Is Danaos (DAC) Outperforming Other Transportation Stocks This Year?
Zacks Investment Research· 2024-04-29 14:46
Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Danaos (DAC) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Transportation peers, we might be able to answer that question.Danaos is one of 132 companies in the Transportation group. The Transportation group currently si ...
Danaos: The Valuation Math Still Heavily Favors Bulls
Seeking Alpha· 2024-04-29 05:30
Stewart Sutton Danaos (NYSE:DAC) is a Greek shipping company with 68 owned and/or operated containerships, mostly transiting goods to Europe, Asia and Australia. I wrote two bullish articles on the company last year (June) (October), starting at a share price of $60. Over the last 10 months, DAC has performed well for shareholders with a +21% total return vs. the equivalent-period S&P 500 gain of +18%. Nothing spectacular, yet I would have guessed this outcome as closer to a minimum return with the gene ...
Danaos (DAC) Stock Falls Amid Market Uptick: What Investors Need to Know
Zacks Investment Research· 2024-04-24 22:56
Danaos (DAC) closed at $73.91 in the latest trading session, marking a -0.57% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.02% for the day. Elsewhere, the Dow saw a downswing of 0.11%, while the tech-heavy Nasdaq appreciated by 0.1%.Shares of the shipping company have appreciated by 3.28% over the course of the past month, outperforming the Transportation sector's loss of 6.69% and the S&P 500's loss of 3.01%.Investors will be eagerly watching for the performanc ...
Is Danaos (DAC) Stock Undervalued Right Now?
Zacks Investment Research· 2024-04-15 14:46
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value ...
Danaos (DAC) Suffers a Larger Drop Than the General Market: Key Insights
Zacks Investment Research· 2024-04-12 22:56
The latest trading session saw Danaos (DAC) ending at $72.26, denoting a -1.82% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily loss of 1.46%. Elsewhere, the Dow saw a downswing of 1.24%, while the tech-heavy Nasdaq depreciated by 1.63%.Shares of the shipping company have appreciated by 5.08% over the course of the past month, underperforming the Transportation sector's gain of 6.82% and outperforming the S&P 500's gain of 1.6%.Market participants will be closel ...