Danaos (NYSE:DAC) Reaches New 12-Month High – What’s Next?

Posted by Brenda Bartman on Aug 19th, 2026

Danaos Corporation (NYSE:DAC – Get Free Report) shares hit a new 52-week high on Monday . The stock traded as high as $145.32 and last traded at $144.3710, with a volume of 13135 shares. The stock had previously closed at $141.92.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Freedom Capital raised shares of Danaos from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Fearnley Fonds raised shares of Danaos from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings upgraded shares of Danaos from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Tuesday, July 28th. Three analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Get Our Latest Analysis on Danaos

Danaos Stock Down 0.7%

The company has a debt-to-equity ratio of 0.29, a current ratio of 9.30 and a quick ratio of 9.15. The firm has a 50-day moving average of $132.21 and a 200 day moving average of $122.57. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 4.92 and a beta of 0.89.

Danaos (NYSE:DAC – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The shipping company reported $7.29 earnings per share for the quarter, topping the consensus estimate of $6.80 by $0.49. Danaos had a return on equity of 13.20% and a net margin of 51.26%.The firm had revenue of $274.37 million for the quarter, compared to analyst estimates of $258.27 million.

Danaos Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Tuesday, July 21st were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Tuesday, July 21st. Danaos’s payout ratio is presently 12.18%.

Institutional Trading of Danaos

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new position in shares of Danaos in the 1st quarter valued at about $223,000. Goldman Sachs Group Inc. lifted its stake in Danaos by 183.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 46,215 shares of the shipping company’s stock valued at $3,606,000 after purchasing an additional 29,921 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Danaos by 39.8% during the second quarter. JPMorgan Chase & Co. now owns 82,834 shares of the shipping company’s stock worth $7,144,000 after purchasing an additional 23,593 shares during the period. Marshall Wace LLP bought a new position in Danaos during the second quarter worth about $276,000. Finally, Jump Financial LLC bought a new position in Danaos during the second quarter worth about $1,682,000. 19.01% of the stock is owned by institutional investors.

About Danaos

(Get Free Report)

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.