
Danaos (DAC) Stock Forecast & Price Target
Danaos (DAC) Analyst Ratings
Bulls say
Danaos Corp demonstrated robust free cash flow generation in the second quarter, achieving $7.20 per share, which translates to an impressive annualized yield exceeding 30%. The company consistently maintained its quarterly dividend at $0.85 per share for the fourth consecutive time, indicating a stable return to shareholders and the potential for an increase in the next quarter based on recent trends. The favorable financial metrics and strong cash flow position highlight Danaos's enviable market position within the international containership sector, supporting a positive outlook for the company's stock.
Bears say
Danaos Corp reported a slight earnings miss in the second quarter, with an adjusted EPS of $6.36, falling short of both consensus estimates and internal forecasts. The lower performance was primarily attributed to unexpectedly high vessel operating costs, which reached $56.4 million, exceeding previous estimates of $51.4 million and indicating a rise from $51.7 million in the first quarter. Additionally, the adjusted EBITDA of $176 million also fell below market expectations, further highlighting concerns regarding the company's cost management amid stable revenue levels.
This aggregate rating is based on analysts' research of Danaos and is not a guaranteed prediction by Public.com or investment advice.
Danaos (DAC) Analyst Forecast & Price Prediction
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