Danaos (DAC) to Release Earnings on Monday

Danaos (NYSE:DAC) will be announcing its earnings results after the market closes on Monday, August 3rd. Analysts expect the company to announce earnings of $1.42 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Danaos (NYSE:DAC) last issued its quarterly earnings data on Monday, May 18th. The shipping company reported $1.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.15. Danaos had a return on equity of 17.21% and a net margin of 28.81%. The company had revenue of $106.20 million during the quarter, compared to analyst estimates of $103.01 million. On average, analysts expect Danaos to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Shares of NYSE DAC opened at $3.50 on Friday. Danaos has a 12 month low of $2.50 and a 12 month high of $13.12. The company has a current ratio of 0.69, a quick ratio of 0.65 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $86.77 million, a price-to-earnings ratio of 0.49 and a beta of 1.15. The business has a 50-day moving average of $3.70 and a 200-day moving average of $4.75.

Several research analysts have recently commented on the company. ValuEngine raised Danaos from a “strong sell” rating to a “sell” rating in a report on Thursday, July 2nd. Zacks Investment Research raised Danaos from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 21st.

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.

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Earnings History for Danaos (NYSE:DAC)

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