
Danaos (DAC) Stock Forecast & Price Target
Danaos (DAC) Analyst Ratings
Bulls say
Danaos Corp reported robust free cash flow generation of $7.20 per share in the second quarter, yielding an annualized rate exceeding 30%. The company has consistently maintained a quarterly dividend of $0.85 per share, with indications that a potential increase could occur in the third quarter based on its historical patterns. This financial stability, alongside its strong positioning within the international containership market, underscores a positive outlook for Danaos's stock.
Bears say
Danaos Corp reported an adjusted second-quarter EPS of $6.36, which fell short of both consensus estimates of $6.66 and previous forecasts of $6.52, indicating challenges in meeting earnings expectations. Additionally, the adjusted EBITDA of $176 million was below consensus expectations of $185 million, driven by higher-than-anticipated operating costs of $7,556 per day, totaling $56.4 million, which exceeded the estimate of $51.4 million. This earnings miss, primarily attributed to increased vessel operating costs, raises concerns regarding the company's profitability outlook and operational efficiency.
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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