Danaos (NYSE:DAC – Get Free Report) issued its quarterly earnings data on Monday. The shipping company reported $7.29 EPS for the quarter, topping analysts’ consensus estimates of $6.80 by $0.49, Zacks reports. Danaos had a net margin of 49.85% and a return on equity of 13.18%.
Danaos Stock Up 0.3%
NYSE:DAC traded up $0.45 during midday trading on Monday, reaching $142.08. 107,801 shares of the stock traded hands, compared to its average volume of 89,345. The stock has a market capitalization of $2.59 billion, a PE ratio of 5.01 and a beta of 0.89. Danaos has a 12-month low of $83.56 and a 12-month high of $143.48. The company has a debt-to-equity ratio of 0.26, a quick ratio of 8.40 and a current ratio of 8.66. The business has a 50-day moving average of $129.30 and a two-hundred day moving average of $119.19.
Danaos Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Tuesday, July 21st were given a dividend of $0.90 per share. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a $3.60 dividend on an annualized basis and a yield of 2.5%. Danaos’s dividend payout ratio is presently 12.70%.
Wall Street Analyst Weigh In
Hedge Funds Weigh In On Danaos
A number of large investors have recently made changes to their positions in the business. Kestra Advisory Services LLC purchased a new stake in Danaos in the fourth quarter valued at about $43,000. Raymond James Financial Inc. acquired a new stake in shares of Danaos during the 2nd quarter worth approximately $64,000. Tower Research Capital LLC TRC acquired a new stake in Danaos during the second quarter valued at $67,000. Royal Bank of Canada increased its stake in shares of Danaos by 443.1% in the 4th quarter. Royal Bank of Canada now owns 869 shares of the shipping company’s stock valued at $82,000 after purchasing an additional 709 shares in the last quarter. Finally, Intesa Sanpaolo Wealth Management purchased a new stake in shares of Danaos in the fourth quarter valued at approximately $88,000. 19.01% of the stock is owned by institutional investors and hedge funds.
Danaos Company Profile
Danaos Corporation is a leading independent owner and manager of containerships, specializing in long-term charters of modern vessels to major liner companies worldwide. The company’s core services include vessel acquisition and sale, technical and crew management, and commercial chartering, all aimed at supporting global containerized trade. Danaos leverages its in-house expertise in operations, maintenance and regulatory compliance to ensure reliable and efficient fleet performance.
Founded in 1972 by Dr.
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