
Danaos (DAC) Stock Forecast & Price Target
Danaos (DAC) Analyst Ratings
Bulls say
Danaos Corp demonstrated robust free cash flow generation of $7.20 per share during the second quarter, reflecting an annualized yield exceeding 30%. The company has consistently maintained its quarterly dividend at $0.85 per share for four consecutive quarters, indicating potential for an increase in the third quarter based on historical performance. Positioned favorably within the container shipping sector, Danaos' financial metrics underscore its strong operational stance and capacity for shareholder returns.
Bears say
Danaos Corp reported an adjusted EPS of $6.36 for the second quarter, falling short of consensus expectations of $6.66 and the company's own estimate of $6.52, while adjusted EBITDA also missed at $176 million compared to the consensus of $185 million. The earnings miss was attributed to higher vessel operating costs, which were $7,556 per day, resulting in total costs of $56.4 million, exceeding the forecasted $51.4 million. This combination of earnings disappointments due to rising costs presents a negative outlook for Danaos's stock performance.
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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