Danaos Corporation (DAC) Given Media Sentiment Score of 0.16
Press coverage about Danaos Corporation (NYSE:DAC) has trended somewhat positive on Saturday, according to Accern. Accern rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Danaos Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the shipping company an impact score of 44.8804844357793 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
A number of analysts have recently issued reports on DAC shares. ValuEngine raised Danaos Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Jefferies Group LLC reissued a “hold” rating and set a $3.00 price target on shares of Danaos Corporation in a report on Wednesday, August 16th. Zacks Investment Research cut Danaos Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th. Finally, BidaskClub raised Danaos Corporation from a “sell” rating to a “hold” rating in a report on Friday, July 14th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $3.00.
Danaos Corporation (DAC) traded up 3.33% during mid-day trading on Friday, reaching $1.55. The company had a trading volume of 48,030 shares. Danaos Corporation has a one year low of $1.25 and a one year high of $4.40. The company’s 50-day moving average is $1.48 and its 200-day moving average is $1.62. The stock’s market capitalization is $170.19 million.
Danaos Corporation (NYSE:DAC) last posted its quarterly earnings data on Monday, July 31st. The shipping company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.21 by $0.05. Danaos Corporation had a positive return on equity of 16.72% and a negative net margin of 92.96%. The business had revenue of $113.88 million for the quarter, compared to the consensus estimate of $108.01 million. During the same quarter in the prior year, the business earned $0.43 earnings per share. Danaos Corporation’s revenue for the quarter was down 16.9% on a year-over-year basis. Equities research analysts anticipate that Danaos Corporation will post $0.89 earnings per share for the current year.
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About Danaos Corporation
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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