Danaos (DAC) Earns Daily Media Sentiment Score of 0.21
Media coverage about Danaos (NYSE:DAC) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Danaos earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned media headlines about the shipping company an impact score of 44.8515607690525 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several analysts have recently issued reports on DAC shares. Zacks Investment Research downgraded Danaos from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. Jefferies Group restated a “hold” rating and issued a $3.00 price objective on shares of Danaos in a research report on Wednesday, August 16th. Finally, ValuEngine downgraded Danaos from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Danaos currently has a consensus rating of “Hold” and a consensus price target of $3.00.
Shares of Danaos (DAC) remained flat at $$1.55 during trading hours on Monday. 64,800 shares of the company’s stock traded hands, compared to its average volume of 79,226. Danaos has a one year low of $1.25 and a one year high of $3.20. The firm has a market capitalization of $170.19, a PE ratio of 1.61 and a beta of 1.31.
Danaos (NYSE:DAC) last issued its quarterly earnings data on Monday, October 30th. The shipping company reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.04. Danaos had a positive return on equity of 21.68% and a negative net margin of 85.72%. The business had revenue of $113.59 million for the quarter, compared to the consensus estimate of $107.58 million. During the same period in the prior year, the business earned $0.21 earnings per share. The business’s revenue was up 1.6% on a year-over-year basis. research analysts predict that Danaos will post 0.74 EPS for the current year.
Danaos Corporation is a holding company and an international owner of containerships, chartering its vessels to a range of liner companies. The Company’s principal business is the acquisition and operation of vessels. The Company conducts its operations through the vessel owning companies, whose principal activity is the ownership and operation of containerships that are under the management of a related party of the company.
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