Danaos

Danaos Corp. engages in the provision of marine and seaborne transportation services. It offers services by operating vessels in the containership sector of the shipping industry. The company was founded by Dimitris Coustas in1972 and is headquartered in Piraeus, Greece.

Earnings data Q3 2023

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Danaos Corp. engages in the provision of marine and seaborne transportation services. It offers services by operating vessels in the containership sector of the shipping industry. The company was founded by Dimitris Coustas in 1972 and is headquartered in Piraeus, Greece.

Global Ship Lease

Danaos Corporation and Global Ship Lease, Inc. are two of the world's largest containership owners and operators. These have been significant long positions in my portfolios and research models dating back to mid-2020. Last September, I mentioned both as "strongest conviction" picks. One year later, the returns have been decent, and both stocks have outperformed the Russell 2000, but these stocks have fallen far below expectations and "fair value" estimates.

Danaos And Global Ship Lease: High Conviction Longs, 1-Year Review

Here is how Danaos (DAC) and Greenbrier Companies (GBX) have performed compared to their sector so far this year.

Is Danaos (DAC) Stock Outpacing Its Transportation Peers This Year?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Danaos (DAC) Stock?

Here is how Danaos (DAC) and Frontline (FRO) have performed compared to their sector so far this year.

Are Transportation Stocks Lagging Danaos (DAC) This Year?

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As the industry seeks to benefit from the decline in fuel expenses, investing in shipping stocks like TNK, DAC and KEX can be a prudent move.

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Are Investors Undervaluing Danaos (DAC) Right Now?

Danaos (DAC) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

Danaos (DAC) is on the Move, Here's Why the Trend Could be Sustainable

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Is Danaos (DAC) Stock Undervalued Right Now?

Danaos Corporation (NYSE:DAC ) Q2 2023 Earnings Conference Call August 7, 2023 9:00 AM ET Company Participants Evangelos Chatzis - Chief Financial Officer John Coustas - Chief Executive Officer Conference Call Participants Omar Nokta - Jefferies Chris Wetherbee - Citigroup Operator Good day and welcome to the Danaos Corporation Conference Call to discuss the Financial Results for the 3 months ended June 30, 2023. As a reminder, today's call is being recorded.

Danaos Corporation (DAC) Q2 2023 Earnings Call Transcript

Danaos (DAC) came out with quarterly earnings of $7.14 per share, beating the Zacks Consensus Estimate of $6.67 per share. This compares to earnings of $7.59 per share a year ago.

Danaos (DAC) Tops Q2 Earnings and Revenue Estimates

ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (“Danaos”) (NYSE: DAC), one of the world's largest independent owners of containerships, today reported unaudited results for the period ended June 30, 2023. Highlights for the Second Quarter and Half Year Ended June 30, 2023: Adjusted net income1 of $143.4 million, or $7.14 per share, for the three months ended June 30, 2023 compared to $157.1 million, or $7.59 per share, for the three months ended June 30, 2022, a decrease of $13.7 million o.

Danaos Corporation Reports Second Quarter and Half Year Results for the Period Ended June 30, 2023

Danaos Corporation has successfully deleveraged its balance sheet, has a strong revenue backlog, and is undervalued according to Seeking Alpha's valuation grade. The price momentum is positive and the uptrend may continue if bulls remain strong in the overall market. The company fundamentals enable it to continue strong dividend payments also in the future.

Danaos Corporation: Low Leverage And Strong Revenue Backlog Show Way For The Future

ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the second quarter ended June 30, 2023, before the open of the market in New York on Monday, August 7, 2023. The Company's management team will host a conference call to discuss the results on Monday, August 7, 2023 at 9:00 A.M. ET. Conference Call Details: Participants should dial into the call 10 minutes before t.

Danaos Corporation Announces Date for the Release of Second Quarter 2023 Results, Conference Call and Webcast

Danaos has a market cap of $1.41 billion, a price-to-free cash flow of 2.02, a ROIC of 11.27% and a ROA of 10.74%. Danaos Corporation is a leading international owner and operator of containerships. The company is cash contracted by $2.3 billion through 2028, with 97% of the fleet booked for 2023.

Unleashing The Power Of The Small: Danaos - From Debt Heavy To Flexible Capital Allocator

Eagle Bulk Shipping

NEW YORK--(BUSINESS WIRE)--Danaos Corporation (“Danaos,” “we,” or “us”) (NYSE:DAC), one of the world's largest independent owners of containerships and the largest shareholder of Eagle Bulk Shipping, Inc. (the “Company” or “Eagle Bulk”) (NYSE:EGLE) with ownership of approximately 16.7% of the outstanding shares, has issued a letter to the Board of Directors of Eagle Bulk (the “Board”) in response to the Company's repurchase of Oaktree Capital's (“Oaktree”) 28% stake in the Company and unilatera.

Danaos Corporation Delivers Letter to Eagle Bulk Shipping Board of Directors

Danaos Corp. recently unveiled a 10% stake in Eagle Bulk, which has now swelled to 16% after a recent EGLE repurchase. This marks a significant shift in capital allocation for Danaos, which had previously focused 100% on containerships. DAC was able to build their initial 10% stake in the world-class EGLE platform at a 35% discount to NAV, making this an excellent investment.

Danaos Corp.: Eagle Bulk Investment Raises Concerns, Inspires Activist Roadmap To $130

International Seaways

Shipping equities have enjoyed a decent start to 2023 despite market uncertainty and volatility. Dry bulk equities trade near record discounts and are a direct play on China's reopening. Tankers are poised to begin a potential multi-year supercycle, driven primarily by the supply-side with the oldest fleet in history, tiny orderbook, and looming environmental regulations.

Top Picks In Maritime Shipping

Danaos, a Greece-based shipping company, has effectively paid off its debt with the boom in shipping rates since the COVID pandemic began. The company's low debt levels and high profit margins make it a strong contender in the containership industry. Danaos shares are currently trading at a significant discount to book value, offering the potential for powerful investor gains into 2024.

Danaos: Undervaluation To The Extreme

Danaos Corporation (DAC) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, DAC's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross.

Danaos (DAC) Just Flashed Golden Cross Signal: Do You Buy?

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We believe that transportation stocks like Allegiant (ALGT), Copa Holdings (CPA) and Danaos (DAC) are worth betting on now.

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Danaos had a great Q1 and the current valuation is the cheapest in the containership lessor industry. There are big backlogs for the next two years, which will provide a shield against lower freight rates.

Danaos: Are Stock Buybacks Finally Coming?

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Danaos Corporation NYSE: DAC is not an exciting investment unless you like cash-generating machines that pay high-yielding dividends. The company is one of the world's largest independent container ship operators, and the business is good despite macro-uncertainty gripping the economy.

News for Danaos Stock (DAC)