News articles about Danaos (NYSE:DAC) have been trending positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by reviewing 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 closest to one being the most favorable. Danaos earned a media sentiment score of 0.27 on Accern’s scale. Accern also gave media coverage about the shipping company an impact score of 46.4348784586019 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

A number of equities analysts recently weighed in on DAC shares. ValuEngine raised Danaos from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Jefferies Group reissued a “hold” rating and issued a $3.00 price target on shares of Danaos in a research note on Tuesday, October 24th. Finally, Zacks Investment Research cut Danaos from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Four analysts have rated the stock with a hold rating, Danaos has an average rating of “Hold” and an average price target of $3.00.

Danaos (NYSE DAC) remained flat at $$1.50 during trading hours on Friday. 192,036 shares of the stock were exchanged, compared to its average volume of 42,677. Danaos has a fifty-two week low of $1.25 and a fifty-two week high of $3.20. The company has a market cap of $164.70, a PE ratio of -0.43 and a beta of 1.31.

Danaos (NYSE:DAC) last released its earnings results on Monday, October 30th. The shipping company reported $0.27 earnings per share 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 company had revenue of $113.59 million for the quarter, compared to analysts’ expectations of $107.58 million. During the same quarter in the previous year, the business posted $0.21 EPS. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. sell-side analysts anticipate that Danaos will post 0.74 earnings per share for the current year.

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Danaos Company Profile

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.

Insider Buying and Selling by Quarter for Danaos (NYSE:DAC)

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