Bull of the Day: Danaos (DAC)
- This shipping stock has bottomed out as earnings have turned to the upside.
- 04/03/2024
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Best Income Stocks to Buy for April 2nd
- SLG, DAC and CPG made it to the Zacks Rank #1 (Strong Buy) income stocks list on April 2, 2023.
- 04/02/2024
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Best Value Stocks to Buy for April 2nd
- DAC, CPG and MPC made it to the Zacks Rank #1 (Strong Buy) value stocks list on April 2, 2023.
- 04/02/2024
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Danaos: Feeling Frustrated? This Is Your Permission Slip To Get Out
- I have been bullish on Danaos for the past 2.5 years, but finally, I am feeling worn out and frustrated. The cost of holding Danaos stock, in terms of effort and disappointment, outweighs the potential reward. Nevertheless, my journey with Danaos provided me with a couple of insightful lesseons.
- 04/01/2024
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Should Value Investors Buy Danaos (DAC) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 03/21/2024
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Shipping Industry Rises 20.6% in 6 Months: More Room to Run?
- As the industry seeks to benefit from the upbeat LPG demand, investing in shipping stocks like TNK, DAC and DSX can be a prudent move.
- 03/19/2024
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Should Value Investors Buy Danaos (DAC) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 03/04/2024
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The Transportation Sector is Highlighting Top Value Stocks to Buy in March
- Standing out in terms of value including enticing dividends, a few Zacks Transportaion-Shipping Industry stocks are making the case for being bargains and here are several to consider.
- 03/01/2024
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Danaos (DAC) Upgraded to Buy: What Does It Mean for the Stock?
- Danaos (DAC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
- 02/15/2024
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Should Value Investors Buy Danaos (DAC) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 02/15/2024
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Danaos Corporation (DAC) Q4 2023 Earnings Call Transcript
- Danaos Corporation (DAC) Q4 2023 Earnings Call Transcript
- 02/14/2024
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Danaos: Just Far Too Cheap, It's A Buy
- DAC is trading at half its tangible book value despite being net debt free and having almost $50/share in earnings contracted for 2024-2025. DAC has paid down so much debt, its Enterprise Value is back to the COVID lows.
- 02/09/2024
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Danaos Corporation Announces Date for the Release of Fourth Quarter 2023 Results, Conference Call and Webcast
- ATHENS, Greece, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the fourth quarter ended December 31, 2023, after the close of the market in New York on Tuesday, February 13, 2024.
- 02/08/2024
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J Mintzmyer On Red Sea Disruptions And 2 Key Shipping Segments
- J Mintzmyer discusses the shipping sector, disruptions in the Red Sea, and investment opportunities. Tankers and containerships are the most impacted sectors, with rates surging and potential for a multi-year supercycle.
- 02/06/2024
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Danaos: Eagle Bulk Stake Pays Off Big Amid Merger With Star Bulk, Red Sea Blockade
- Danaos' strategic investment in Eagle Bulk, initially met with skepticism, has proven highly profitable. Eagle Bulk's merger with Star Bulk Carriers and a surge in dry bulk rates amid the Red Sea blockade have contributed to Danaos' share price rally. Still, significant upside prospects remain from Danaos' core investment case alone.
- 01/07/2024
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Danaos Q3: Dividends On The Rise, Buybacks Persist - Is It Enough?
- Danaos announced an increase in its dividend and the renewal of its share buyback program, reflecting a positive stance on returning value to shareholders. The company's strong performance persists, and with the ongoing surge in dry bulk rates, Danaos' debt-free vessels could further boost results. While certain investors may view Danaos' capital returns as underwhelming, the management has demonstrated prudence and a positive shift in the right direction.
- 11/30/2023
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Danaos Corporation Announces Date for the Release of Third Quarter 2023 Results, Conference Call and Webcast
- ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the third quarter ended September 30, 2023, after the close of the market in New York on Monday, November 13, 2023. The Company's management team will host a conference call to discuss the results on Tuesday, November 14, 2023 at 9:00 A.M. ET. Conference Call Details: Participants should dial into the call 10 minut.
- 10/27/2023
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Danaos Corporation: Tough To Beat
- Danaos Corporation offers a strong balance sheet with ample liquidity, supporting opportunistic capital allocation. Its dividend yield may not be the highest, but is supported by great coverage and excellent free cash flow. No significant maturities until 2028 and about 2.5 years' worth of revenue in contract backlog makes Danaos well prepared to continue paying dividends.
- 10/14/2023
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Are Transportation Stocks Lagging Danaos (DAC) This Year?
- Here is how Danaos (DAC) and Greenbrier Companies (GBX) have performed compared to their sector so far this year.
- 10/04/2023
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Is Danaos (DAC) Stock Outpacing Its Transportation Peers This Year?
- Here is how Danaos (DAC) and Greenbrier Companies (GBX) have performed compared to their sector so far this year.
- 09/18/2023
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Should Value Investors Buy Danaos (DAC) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 09/13/2023
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Are Transportation Stocks Lagging Danaos (DAC) This Year?
- Here is how Danaos (DAC) and Frontline (FRO) have performed compared to their sector so far this year.
- 08/30/2023
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Are Investors Undervaluing Danaos (DAC) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 08/28/2023
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Danaos (DAC) is on the Move, Here's Why the Trend Could be Sustainable
- Danaos (DAC) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
- 08/17/2023
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3 Small-Cap Stocks That Smart Investors Are Buying Now
- Finding the best small cap stocks to buy can be tricky. The markets have had a great run since last year, but now there's showing signs of losing steam.
- 08/17/2023
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Danaos (DAC) Tops Q2 Earnings and Revenue Estimates
- Danaos (DAC) came out with quarterly earnings of $7.14 per share, beating the Zacks Consensus Estimate of $6.67 per share. This compares to earnings of $7.59 per share a year ago.
- 08/07/2023
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Should Value Investors Buy Danaos (DAC) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 07/17/2023
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Unleashing The Power Of The Small: Danaos - From Debt Heavy To Flexible Capital Allocator
- Danaos has a market cap of $1.41 billion, a price-to-free cash flow of 2.02, a ROIC of 11.27% and a ROA of 10.74%. Danaos Corporation is a leading international owner and operator of containerships. The company is cash contracted by $2.3 billion through 2028, with 97% of the fleet booked for 2023.
- 07/15/2023
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Castor Maritime Joins Danaos Corporation In Hunt For Eagle Bulk Shipping
- While current dry bulk shipping charter rates are nothing to write home about, leading containership lessors Costamare and Danaos Corporation recently made moves to enter the space. Castor Maritime recently joined Danaos Corporation by taking a significant stake in competitor Eagle Bulk Shipping. I believe shareholders would have been way better off if Castor Maritime had repurchased its own common shares at the current 90%+ discount to net asset value.
- 07/06/2023
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Here's Why Investors Should Add CSX Stock to Portfolio Now
- Volume growth, higher fuel surcharge and pricing gains boost CSX stock.
- 07/06/2023
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Are Investors Undervaluing Danaos (DAC) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 06/29/2023
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Eagle Bulk Shipping: Danaos Corporation Reveals 9.99% Stake - Buy
- Eagle Bulk Shipping's shares are down by almost 20% since my recommendation three months ago due to a precipitous decline in dry bulk charter rates in recent weeks. The company reported seasonally weak Q1 results but provided an improved outlook for Q2 with the dividend likely to benefit from an up to $17.0 million gain on vessel sales. Upsized credit facility provides additional financial flexibility.
- 06/18/2023
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Should Value Investors Buy Danaos (DAC) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 06/13/2023
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Danaos: Undervaluation To The Extreme
- Danaos, a Greece-based shipping company, has effectively paid off its debt with the boom in shipping rates since the COVID pandemic began. The company's low debt levels and high profit margins make it a strong contender in the containership industry. Danaos shares are currently trading at a significant discount to book value, offering the potential for powerful investor gains into 2024.
- 06/06/2023
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Danaos (DAC) Just Flashed Golden Cross Signal: Do You Buy?
- Danaos Corporation (DAC) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, DAC's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross.
- 06/06/2023
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3 Transportation Stocks Move Up Over 10% YTD With More Upside
- We believe that transportation stocks like Allegiant (ALGT), Copa Holdings (CPA) and Danaos (DAC) are worth betting on now.
- 06/01/2023
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Are Investors Undervaluing Danaos (DAC) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 05/26/2023
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Container Shipping - Current Conditions And Forward Outlook
- Container rates have stabilized. What is behind this move, and how long will it last?
- 05/18/2023
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3 Intriguing Top-Rated Stocks to Buy After Earnings
- These companies are starting to stand out with their bottom lines expanding far more than expected during the first quarter.
- 05/17/2023
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High-Yield Danaos Corporation Is About To Set Sail
- Danaos Corporation NYSE: DAC is not an exciting investment unless you like cash-generating machines that pay high-yielding dividends. The company is one of the world's largest independent container ship operators, and the business is good despite macro-uncertainty gripping the economy.
- 05/17/2023
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Danaos Corporation (DAC) Q1 2023 Earnings Call Transcript
- Danaos Corporation (NYSE:DAC ) Q1 2023 Earnings Conference Call May 16, 2023 9:00 AM ET Company Participants Evangelos Chatzis - Chief Financial Officer John Coustas - Chief Executive Officer Conference Call Participants Omar Nokta - Jefferies Climent Molins - Value Investor's Edge Operator Good day and welcome to the Danaos Corporation Conference Call to discuss the Financial Results for Three Months Ended March 31st, 2023. As a reminder, today's call is being recorded.
- 05/16/2023
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Danaos Corporation Announces Date for the Release of First Quarter 2023 Results, Conference Call and Webcast
- ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the first quarter ended March 31, 2023, after the close of the market in New York on Monday, May 15, 2023. The Company's management team will host a conference call to discuss the results on Tuesday, May 16, 2023 at 9:00 A.M. ET. Conference Call Details: Participants should dial into the call 10 minutes before the.
- 05/01/2023
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Is Danaos (DAC) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 05/01/2023
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Best Momentum Stock to Buy for April 26th
- VCISY, DAC and VICI made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on April 26, 2023.
- 04/26/2023
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Best Value Stocks to Buy for April 26th
- EGY, DAC and NWG made it to the Zacks Rank #1 (Strong Buy) value stocks list on April 26, 2023.
- 04/26/2023
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Best Income Stocks to Buy for April 26th
- EGY, DAC and VICI made it to the Zacks Rank #1 (Strong Buy) income stocks list on April 26, 2023.
- 04/26/2023
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Danaos: Massive Profits And A Big Question
- Danaos' fundamentals are very strong. The company has a very clean balance sheet and should be able to reduce its net debt to zero pretty soon.
- 02/16/2023
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Danaos Corporation (DAC) Q4 2022 Earnings Call Transcript
- Danaos Corporation (NYSE:DAC ) Q4 2022 Earnings Conference Call February 15, 2023 9:00 AM ET Company Participants John Coustas - Chief Executive Officer Evangelos Chatzis - Chief Financial Officer Conference Call Participants Omar Nokta - Jefferies Operator Good day and welcome to the Danaos Corporation Conference Call to discuss the Financial Results for the 3 months ended December 31, 2022. As a reminder, today's call is being recorded.
- 02/15/2023
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Is Danaos (DAC) Outperforming Other Transportation Stocks This Year?
- Here is how Danaos (DAC) and International Seaways (INSW) have performed compared to their sector so far this year.
- 02/07/2023
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Danaos Corporation Announces Date for the Release of Fourth Quarter 2022 Results, Conference Call and Webcast
- ATHENS, Greece--( BUSINESS WIRE )--Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the fourth quarter ended December 31, 2022, after the close of the market in New York on Tuesday, February 14, 2023.
- 02/06/2023
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Danaos: Off-Cycle Logic Brings Opportunity
- In this article, I analyze the behavior of cyclical stocks using the example of Danaos Corp. Danaos stock priced-in too much of cycle reversal fears, in my opinion.
- 02/03/2023
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The 7 Most Undervalued Dividend Stocks to Buy in February 2023
- The only thing better than dividend-paying enterprises are the most undervalued dividend stocks to buy. Combining both a steady stream of shareholder rewards with a discount relative to a specific company's underlying industry, investors reeling from the downside of last year should pay close attention to this list.
- 02/01/2023
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Should Value Investors Buy Danaos (DAC) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 01/26/2023
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Are Investors Undervaluing Danaos (DAC) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 01/10/2023
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Danaos Or Global Ship Lease? A Look At Key Factors
- What is the ocean freight market outlook for December 2022? Let's compare the financial and operational metrics of Danaos Corporation and Global Ship Lease, Inc. to pick a winner.
- 12/06/2022
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Danaos Corporation (DAC) Q3 2022 Earnings Call Transcript
- Danaos Corporation (NYSE:DAC ) Q3 2022 Earnings Conference Call November 8, 2022 9:00 AM ET Company Participants John Coustas - Chairman, President and Chief Executive Officer Evangelos Chatzis - Chief Financial Officer Conference Call Participants Omar Nokta - Jefferies & Company, Inc. Christian Wetherbee - Citi Research Operator Good day, and welcome to the Danaos Corporation Conference Call to discuss the financial results for the three months ended September 30, 2022. As a reminder, today's call is being recorded.
- 11/08/2022
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Danaos: The Best Of The Containership Lessors
- The container ship lessors are the cheapest asset class in the world. GSL, DAC, NMM, MPZZF, and CMRE compared side by side.
- 10/26/2022
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Should Value Investors Buy Danaos (DAC) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 10/21/2022
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Best Income Stocks to Buy for October 21st
- DAC, MOV and MBWM made it to the Zacks Rank #1 (Strong Buy) income stocks list on October 21, 2022.
- 10/21/2022
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Best Value Stocks to Buy for October 21st
- MOV, RYI and DAC made it to the Zacks Rank #1 (Strong Buy) value stocks list on October 21, 2022.
- 10/21/2022
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Danaos: Market Seems Overly Alarmed By Current Rates
- Container shipping rates are low and likely to head lower. A lot of capacity is coming to the market.
- 10/11/2022
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Danaos And Global Ship Lease: Strongest Conviction Buy Of My Career
- Two of my current top picks in the shipping sector are Danaos Corp. (DAC) and Global Ship Lease (GSL). Despite negative macro sentiment, both firms have continued to expand their contract backlog. GSL just announced a deal for six ships which adds $393M of EBITDA from 2024-2029.
- 09/08/2022
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Danaos' NAV Will Still Reach $150 By Next Year Even With ZIM Integrated On A Nosedive
- Danaos' stock continues to move downward despite the company's clear value creation path. The nosedive in ZIM's stock price should not have a material impact on DAC's prospects to trade higher.
- 09/07/2022
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Danaos: Stock Is Cheap, But Where Are The Buybacks? Ask Management
- Everyone loves ZIM Integrated, but what about its lessor, Danaos? Danaos trades at just 2x earnings and net debt is rapidly heading towards 0.
- 09/05/2022
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Danaos: It's Coming Down Again, Buy This Dip Confidently
- Danaos reported a solid Q2 earnings release even as freight rates normalized. The market had also anticipated a solid card as it recovered remarkably pre-earnings. We posit that DAC has likely bottomed out in the medium term in July. Therefore, we are confident that the market has de-risked the normalization in Danaos' forward growth rates.
- 08/22/2022
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Danaos: Record Earnings, Low Debt, Dividend, And Buyback But Still Undervalued
- Danaos reported another quarter of spectacularly high earnings. The company also made marked improvements to its balance sheet bringing its net leverage below 1x EBITDA for the first time in years.
- 08/04/2022
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Danaos Corporation (DAC) CEO John Coustas on Q2 2022 Results - Earnings Call Transcript
- Danaos Corporation (NYSE:DAC ) Q2 2022 Earnings Conference Call August 2, 2022 9:00 AM ET Company Participants John Coustas - Chief Executive Officer Evangelos Chatzis - Chief Financial Officer Conference Call Participants Omar Nokta - Jefferies Chris Wetherbee - Citigroup Operator Good day, and welcome to the Danaos Corporation Conference Call to discuss the financial results for the three months ended June 30, 2022. As a reminder, today's call is being recorded.
- 08/02/2022
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Danaos Corporation Announces Date for the Release of Second Quarter 2022 Results, Conference Call and Webcast
- ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the second quarter ended June 30, 2022, after the close of the market in New York on Monday, August 1, 2022. The Company's management team will host a conference call to discuss the results on Tuesday, August 2, 2022 at 9:00 A.M. ET. Conference Call Details: Participants should dial into the call 10 minutes before
- 07/27/2022
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Danaos Corp: Massive Undervaluation And Strong Returns Ahead (Podcast Transcript)
- Value Investor's Edge Live continues with an exclusive interview focused on the containership segment of the shipping industry. Evangelos Chatzis, CFO of Danaos Corp, joined us recently for an exclusive interview to discuss market prospects and capital allocation priorities.
- 07/27/2022
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Buy Danaos Before The Q2 Report
- In my opinion, the fact that Danaos does not have such a high dividend yield is not a reason for value investors to pass the stock by. Danaos has a strong revenue backlog for years to come, and with the market pricing a recession, HARPEX's performance suggests that the industry's bull cycle is far from over.
- 07/21/2022
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The Container Shipping Shortage Is Ending, But Danaos Is Now Considerably Oversold
- Shipping stocks have plummeted recently, and the global economy has slowed. Container freight prices have tumbled as leading data suggests a decline in import volumes.
- 07/20/2022
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Should Value Investors Buy Danaos (DAC) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 06/28/2022
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3 Shipping Stocks to Buy Now
- The shipping industry is critical to the world's economy. Here are three shipping stocks to buy now that all have important positive traits.
- 06/22/2022
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Danaos Corp. Perfectly Pairs A Big Buyback With Cheap Shares
- Container shipping stocks have cratered, largely due to macro fears, dragging down container ship lessors, like Danaos, with them. This is undue, given Danaos' reliance on long-term charters and the fact that charter rates continue to climb.
- 06/20/2022
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Danaos: New Buybacks And ZIM's Dividends To Push The Stock Over $150
- Danaos continues to enjoy robust market tailwinds. The company is set to record another year of record profits, yet the stock trades at a substantial discount to NAV.
- 06/18/2022
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Batten down the hatches: Shipping stocks ‘unable to escape the torrent'
- Bulk commodity shipping stocks kept rising in May even as the broader market fell, offering shelter from the storm. Not so in June.
- 06/13/2022
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Are Investors Undervaluing Danaos (DAC) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 06/06/2022
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Danaos: Attractive For Short Term And Long Term Investors
- With the ending of lockdowns in China and resuming economic activities, the demand for container vessels will increase, making charter rates climb. Due to a strong 1Q 2022 financial results, the ending of COVID-19 lockdowns in China, and the company's new developments, I am bullish on DAC.
- 05/31/2022
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Danaos Post Q1 Earnings: Raising Fair Value Estimate
- Danaos Corp is one of my top picks. With nearly the entire fleet now fixed on medium- and long-term charters, the risk/reward setup is the best in years. Results have been outstanding. DAC reported $11.36/sh EPS for Q1-22. Excluding the significant contribution from ZIM, core EPS was approximately $6.05, exceeding our $5.50-$5.60 pre-earnings estimate.
- 05/31/2022
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Danaos (DAC) Crossed Above the 200-Day Moving Average: What That Means for Investors
- Should investors be excited or worried when a stock crosses above the 200-day simple moving average?
- 05/24/2022
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Is Danaos (DAC) Stock Outpacing Its Transportation Peers This Year?
- Here is how Danaos (DAC) and Safe Bulkers (SB) have performed compared to their sector so far this year.
- 05/23/2022
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Gimme shelter: Shipping stocks still rising amid Wall Street storm
- The Nasdaq composite is down 29% since the beginning of the year, the S&P 500 17%, the Dow 12%. And then there's commodity shipping.
- 05/20/2022
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3 Low P/E Stocks Displaying Attractive Earnings Growth
- All three companies sport the highly coveted Zacks Rank #1 (Strong Buy), have solid dividend yields, low forward earnings multiples, and strong projected earnings growth.
- 05/20/2022
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Is Danaos (DAC) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 05/20/2022
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Danaos Corporation: ZIM Dividend And Excellent Charters Create Blowout Quarter
- Danaos had a fantastic first quarter, buoyed by a $110 million dividend from ZIM. The company showed excellent charters and operating revenue.
- 05/19/2022
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Danaos Corporation (DAC) CEO John Coustas on Q1 2022 Results - Earnings Call Transcript
- Danaos Corporation (NYSE:DAC ) Q1 2022 Earnings Conference Call May 17, 2022 9:00 AM ET Company Participants Evangelos Chatzis - Chief Financial Officer John Coustas - Chief Executive Officer Conference Call Participants Chris Wetherbee - Citigroup Jay Mintzmyer - Value Investor's Edge Operator Good day, and welcome to the Danaos Corporation Conference Call to discuss the Financial Results for the Three Months Ended March 31, 2022. As a reminder, today's call is being recorded.
- 05/17/2022
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Danaos (DAC) Surpasses Q1 Earnings and Revenue Estimates
- Danaos (DAC) delivered earnings and revenue surprises of 19.83% and 8.01%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
- 05/16/2022
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Danaos (DAC) to Report Q1 Earnings: What's in the Offing?
- High costs are likely to have dented Danaos' (DAC) Q1 bottom-line performance.
- 05/10/2022
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Danaos Corporation Announces Date for the Release of First Quarter 2022 Results, Conference Call and Webcast
- ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the first quarter ended March 31, 2022, after the close of the market in New York on Monday, May 16, 2022. The Company's management team will host a conference call to discuss the results on Tuesday, May 17, 2022 at 9:00 A.M. ET. Conference Call Details: Participants should dial into the call 10 minutes before the
- 05/09/2022
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7 Transportation Stocks to Avoid During These Trying Times
- If transportation stocks represent the economic rubber meeting the road, then their underperformance is a serious warning sign. The post 7 Transportation Stocks to Avoid During These Trying Times appeared first on InvestorPlace.
- 05/06/2022
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Profit From Global Shipping Headaches: Danaos And Global Ship Lease
- The supply and demand perspective for Container shipping remains mixed. However, the market is not adequately discounting the diverging business risks of Lessors and Liners.
- 04/26/2022
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Danaos Corporation: The Stock Is Worth $117
- Danaos' charter backlog of $2.8 billion with an average charter duration of 4 years will ensure strong cash flows for the company. The company's expectation about its bright future is not only based on its projections about the market condition.
- 04/19/2022
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4 Small Caps for Growth-Focused Investors
- Investors who are seeking opportunities among growth stocks could be interested in the following small-cap stocks, as they represent companies whose trailing 12-month net income per share has improved significantly on a year-over-year basis. Wall Street sell-side analysts have also issued positive recommendation ratings for them.
- 04/17/2022
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Danaos: Top Stock To Buy
- 100% technical buy signals.
- 04/09/2022
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Danaos (DAC) Is a Great Choice for "Trend" Investors, Here's Why
- Danaos (DAC) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
- 04/05/2022
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Geopolitical tensions shake $120 billion grain trade; Which shipping stocks to watch?
- Shipments from Ukraine and Russia account for a quarter of global grain trade, and with Russia's invasion of Ukraine, food-security.
- 04/05/2022
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Is Danaos (DAC) Outperforming Other Transportation Stocks This Year?
- Here is how Danaos (DAC) and Genco Shipping & Trading (GNK) have performed compared to their sector so far this year.
- 04/04/2022
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ZIM Shipped A Monster 20% Dividend, At A Low Valuation
- ZIM Shipped A Monster 20% Dividend, At A Low Valuation
- 04/01/2022
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Top 3 Shipping Stocks for the Shipping Surge
- U.S. inflation rates hit a 40-year high of 7.9% on the consumer price index (CPI) in 2022, which is massively above the Federal Reserve's 2% target. This high inflation has caused the Fed to finally set out a plan to increase interest rates.
- 04/01/2022
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7 Reliable Transportation Stocks to Buy Before Summer
- We're witnessing simple supply and demand economics at work with transportation stocks right now and it's a great time to buy the demand. The post 7 Reliable Transportation Stocks to Buy Before Summer appeared first on InvestorPlace.
- 03/30/2022
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What Makes Danaos (DAC) a Strong Momentum Stock: Buy Now?
- Does Danaos (DAC) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 03/24/2022
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Is Danaos (DAC) Stock Outpacing Its Transportation Peers This Year?
- Here is how Danaos (DAC) and Genco Shipping & Trading (GNK) have performed compared to their sector so far this year.
- 03/18/2022
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Danaos (DAC) Gains But Lags Market: What You Should Know
- Danaos (DAC) closed at $106.64 in the latest trading session, marking a +0.77% move from the prior day.
- 03/17/2022
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Here's Why Momentum in Danaos (DAC) Should Keep going
- Danaos (DAC) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
- 03/17/2022
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Strength Seen in Danaos (DAC): Can Its 7.6% Jump Turn into More Strength?
- Danaos (DAC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
- 03/17/2022
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ZIM Integrated Puts A Dividend Stamp On Danaos' Earnings Estimate Mismatching Reality
- Philip Morris has sold off over 20% in the last month, partially due to the Ukraine situation.
- 03/15/2022
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Is Danaos (DAC) Stock Outpacing Its Transportation Peers This Year?
- Here is how Danaos (DAC) and Genco Shipping & Trading (GNK) have performed compared to their sector so far this year.
- 03/02/2022
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5 Stocks With Recent Price Strength Amid Severe Volatility
- Investors target stocks that are witnessing a bullish run. Some of the stocks seeing price strength are DAC, SNEX, CNXC, ATI and BBW.
- 02/18/2022
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GSCW chat: Shipping stocks surged — but haven't peaked
- This fireside chat recap is from Day 1 of FreightWaves' Global Supply Chain Week. Day 1 focuses on maritime.
- 02/14/2022
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Danaos: Record Earnings And A 'Mild' 50% Dividend Raise Remind Shareholders This Shipping Company Is An Investment, Not Just A Trade
- Danaos' fourth quarter earnings per share of $6.10 and EBITDA of $159.2 million were extraordinarily strong.
- 02/14/2022
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Best Momentum Stocks to Buy for February 11th
- DAC, AMRK, and FBIZ made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on February 11, 2022.
- 02/11/2022
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What Makes Danaos (DAC) a Good Fit for "Trend Investing"
- Danaos (DAC) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
- 02/11/2022
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Danaos' (DAC) CEO John Coustas on Q4 2021 Results - Earnings Call Transcript
- Danaos' (DAC) CEO John Coustas on Q4 2021 Results - Earnings Call Transcript
- 02/08/2022
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Danaos: If It Earns Like DAC, Raises Like DAC, And Considers Like DAC, Then It's Probably A 'MASK'
- We have to admit that the much-anticipated Q4/FY 2021 earnings report of Danaos has caused us some disappointment. Raising the quarterly dividend by 50% (allegedly a high percentage) to only $0.75/share falls way short of our expectations.
- 02/08/2022
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Danaos (DAC) to Report Q4 Earnings: What's in the Offing?
- Improvement in trading volumes is likely to have aided Danaos' (DAC) Q4 performance,
- 02/03/2022
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5 Stocks With Recent Price Strength Amid Wall Street Turmoil
- Investors target stocks that are witnessing a bullish run. Some of the stocks seeing price strength are DAC, ESTE, HAFC, ADM and VRTX.
- 02/01/2022
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These 3 Stocks Hit Higher Highs As The Market Tanked
- Looking at the list of new highs this week, you could find at least 3 New York Stock Exchange-traded equities that couldn't stop going up.
- 01/29/2022
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Best Momentum Stocks to Buy for January 26th
- DAC, BANF, and AMNB made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on January 26, 2022.
- 01/26/2022
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Danaos (DAC) Gains As Market Dips: What You Should Know
- Danaos (DAC) closed at $79.17 in the latest trading session, marking a +1.83% move from the prior day.
- 01/25/2022
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Bull of the Day: Danaos (DAC)
- Shipping stocks had a surge but can it continue?
- 01/25/2022
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Danaos (DAC) is on the Move, Here's Why the Trend Could be Sustainable
- Danaos (DAC) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
- 01/24/2022
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Best Momentum Stocks to Buy for January 24th
- DAC, SBNY, and WTFC made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on January 24, 2022
- 01/24/2022
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New Strong Buy Stocks for January 24th
- ESEA, HBM, BECN, DAC, and ROCC have been added to the Zacks Rank #1 (Strong Buy) List on January 24, 2022.
- 01/24/2022
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Best Income Stocks to Buy for January 24th
- MS, DAC, and HWC made it to the Zacks Rank #1 (Strong Buy) income stocks list on January 24, 2022
- 01/24/2022
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Danaos: Too Cheap To Ignore With Excellent Momentum
- Danaos: Too Cheap To Ignore With Excellent Momentum
- 01/24/2022
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Danaos (DAC) Gains As Market Dips: What You Should Know
- In the latest trading session, Danaos (DAC) closed at $81.87, marking a +0.83% move from the previous day.
- 01/20/2022
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Danaos: Still An Undervalued Name In Container Shipping, Now An Even Safer Medium-Term Bet
- Danaos announced new charters for 11 of its vessels, for a total revenue value of $870 million. This should benefit EBITDA by $700 million and gives the company strong contract coverage several years out.
- 01/19/2022
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Danaos Stock Gains On New Charter Arrangements
- Danaos Corp (NYSE: DAC) has entered into new charter arrangements for 11 vessels ranging between 2,500 to 10,000 TEU with major liner companies. These charters have a revenue weighted average contract duration of 4.7 years, commencing on the expiration of existing charters between February 2022 and April 2023 and extending to May 2028.
- 01/18/2022
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Textainer Group: Updates On Container Leasing Markets And A Top Idea In 2022 (Podcast Transcript)
- Textainer Group: Updates On Container Leasing Markets And A Top Idea In 2022 (Podcast Transcript)
- 01/14/2022
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Danaos Stock: Winner For 2022 With High Growth And Deep Valuation
- Danaos trades at an attractive low valuation. The company's strong future potential growth can act as a positive catalyst for the stock.
- 01/13/2022
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Danaos (DAC) Gains As Market Dips: What You Should Know
- In the latest trading session, Danaos (DAC) closed at $70.40, marking a +0.49% move from the previous day.
- 01/10/2022
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4 Capital-Intensive Stocks to Consider
- When looking for value opportunities among capital-intensive businesses, investors could be interested in stocks with price-to-tangible book value ratios that are more appealing than their respective industry medians.
- 01/09/2022
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Danaos: Favorable Near-Term Outlook
- Danaos profits from the high charter prices by locking them into long-term contracts. Supply is set to stay low in 2022.
- 01/09/2022
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5 Transportation Stocks That More Than Doubled in 2021
- Stocks like ArcBest (ARCB), Danaos (DAC), USA Truck (USAK), Genco Shipping &Trading (GNK) and Eagle Bulk Shipping (EGLE) gain in excess of 100% year to date.
- 12/30/2021
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Danaos (DAC) Outpaces Stock Market Gains: What You Should Know
- Danaos (DAC) closed the most recent trading day at $71.02, moving +1.33% from the previous trading session.
- 12/29/2021
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4 Top-Ranked Stocks From a Prospering Shipping Industry
- Investors interested in the Zacks Transportation - Shipping industry should consider adding stocks like Danaos (DAC), Golden Ocean (GOGL), Genco Shipping & Trading (GNK) and Eagle Bulk Shipping (EGLE) to their portfolios for higher returns.
- 12/28/2021
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Danaos (DAC) Stock Sinks As Market Gains: What You Should Know
- In the latest trading session, Danaos (DAC) closed at $70, marking a -0.84% move from the previous day.
- 12/22/2021
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Has Danaos (DAC) Outpaced Other Transportation Stocks This Year?
- Here is how Danaos (DAC) and Grindrod Shipping Holdings Ltd. (GRIN) have performed compared to their sector so far this year.
- 12/13/2021
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Shipping on Wall Street: Is it better to be a pure play or jack of all trades?
- Should a public shipping company be a pure play — owning just tankers, containers, bulkers or gas carriers — or should it do as the traditional private family shipowners do, and own a mixed fleet? The answer is important: It affects how attractive a shipping stock is to investors, and in the case of extreme rate troughs, it affects the chances a public company can avoid restructuring or insolvency.
- 12/12/2021
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Danaos Corp.: Cash Flow Machine, Primed For 50%+ Breakout
- Danaos Corp. is a top pick in container shipping, offering over 50% upside to a conservative value estimate amidst surging free cash flow backed by long-term charters. Containership lessors enjoyed a strong run in the 1H-21, but concerns about a macro growth slowdown and lack of appreciation for improving fundamentals have led to flat trading in 2H-21.
- 12/08/2021
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Danaos: Omicron Is Giving It The Second Breath
- Based on recent morbidity data in Western Europe, Omicron will be hitting the United States very soon (it's already hitting).
- 12/07/2021
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3 Deep Value Stocks That Look Like Growth Stocks: Housing, Shipping, And The Great Outdoors
- Owning value stocks is beneficial if you can identify those with single-digit multiples and growth stocks with double-digit growth rates, your potential to outperform the market over time is accelerated.
- 12/06/2021
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ZIM Integrated And Danaos Have OMICRON = 'Offering More Income, Cash Ripping On Neutral'
- How many times have you read/heard that supply chain disruptions are easing in recent weeks? It almost feels as if no vessels are waiting at ports anymore.
- 11/30/2021
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Has Danaos (DAC) Outpaced Other Transportation Stocks This Year?
- Here is how Danaos (DAC) and Grindrod Shipping Holdings Ltd. (GRIN) have performed compared to their sector so far this year.
- 11/25/2021
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ZIM Integrated Shipping Services Is Now Danaos Corporation's Fat Piggy Bank
- Danaos' record net income generation is set to keep sailing higher based on the company's fleet employment profile.
- 11/22/2021
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Danaos' Earnings Blow Sky High - Its Valuation Has Yet To Join, Leaving A 100%+ Upside
- Danaos reported record net income and EBITDA this quarter.
- 11/09/2021
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Has Danaos (DAC) Outpaced Other Transportation Stocks This Year?
- Is (DAC) Outperforming Other Transportation Stocks This Year?
- 11/09/2021
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Danaos Corporation (DAC) CEO John Coustas on Q3 2021 Results - Earnings Call Transcript
- Danaos Corporation (DAC) CEO John Coustas on Q3 2021 Results - Earnings Call Transcript
- 11/09/2021
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Are Investors Undervaluing Danaos (DAC) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 11/08/2021
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Small Cap Stock Sinks Under Recent Trendline Pressure
- Danaos Corporation (NYSE:DAC) is one of the largest independent owners of modern, large-size containerships with a fleet of 71 containerships.
- 11/05/2021
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Danaos (DAC) to Report Q3 Earnings: What's in the Offing?
- High fuel costs are likely to have dented Danaos' (DAC) Q3 bottom-line performance.
- 11/01/2021
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Danaos (DAC) Outpaces Stock Market Gains: What You Should Know
- Danaos (DAC) closed the most recent trading day at $74.60, moving +0.85% from the previous trading session.
- 10/29/2021
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Danaos Corporation Announces Date for the Release of Third Quarter 2021 Results, Conference Call and Webcast
- ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the third quarter ended September 30, 2021, after the close of the market in New York on Monday, November 8, 2021. The Company's management team will host a conference call to discuss the results on Tuesday, November 9, 2021 at 9:00 A.M. ET. Conference Call Details: Participants should dial into the call 10 minutes
- 10/19/2021
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ZIM Integrated, Danaos: The Reports Of Containerships Death Are Greatly Exaggerated
- Supply-chain disruptions don't look like they're going away anytime soon. Easing? Perhaps, but that doesn't/won't equate to disappearing. The number of anchored ships at major global ports continues to be extremely high; ports are filled with ships and yards are filled with containers.
- 10/18/2021
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7 Transportation Stocks to Buy as Supply Concerns Mount
- With the novel coronavirus pandemic causing all kinds of havoc on global supply chains, these transportation stocks could benefit. The post 7 Transportation Stocks to Buy as Supply Concerns Mount appeared first on InvestorPlace.
- 10/15/2021
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Danaos: Don't Panic, Just Buy The Sudden 13.42%-Dip
- Danaos: Don't Panic, Just Buy The Sudden 13.42%-Dip
- 10/06/2021
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Why Shipping Stocks Plunged Today
- A sharp sell-off hit shipping stocks, and there were a few potential causes.
- 10/04/2021
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Why Shipping Stocks Are On Fire
- Dry bulk shipping rates are up big this year, and the good times might last for a while.
- 10/04/2021
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Danaos: +299% YTD But Still Undervalued
- Since Danaos has already booked its ships for 2H 2021 and almost fully for FY2022, the Street's estimates regarding the company's revenues seem quite reliable. I use those estimates in 3 scenarios to build the most conservative DCF model possible to let it soak all the market and idiosyncratic risks.
- 09/03/2021
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Danaos: About To Sail To $100 And Beyond
- Danaos is currently operating in a very favorable environment, keep signing multi-year charters at records rates.
- 09/02/2021
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Rough Start To Indexes But Finish Is Well Off Lows; Apple, AutoNation And Danaos In Focus
- Rough start to indexes but finish is well off lows; Apple, AutoNation and Danaos in focus. Investor's Business Daily has been helping people invest smarter results by providing exclusive stock lists, investing data, stock market research, education and the latest financial and business news to help investors make more money in the stock market.
- 08/16/2021
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Why Is Danaos Stock Trading Higher Today?
- Danaos Corporation (NYSE: DAC) has entered into new charter agreements for 10 of its vessels, including one 8,500 TEU vessel, three 3,400 TEU vessels, and six 2,200 vessels, for charter periods ranging from 3 to 4 years. The charters will commence between January and August of 2022.
- 08/16/2021
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The shipping industry is seeing a cascading impact of the pandemic, expert says
- Michelle Wiese Bockmann, analyst at Lloyd's List, discusses shipping blockages.
- 08/16/2021
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Danaos Corporation Announces New Charters for 10 Vessels; Increases Contracted Backlog by 21.5% to Over $2 Billion
- ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (the "Company") (NYSE: DAC) today announced that it has entered into new charter agreements for 10 of its vessels, including one 8,500 TEU vessel, three 3,400 TEU vessels and six 2,200 vessels, for charter periods ranging from 3 to 4 years. The charters will commence as existing charters expire between January and August of 2022. The new charters increase the Company's contracted revenue backlog by approximately $378 million, or 21.5% compared
- 08/16/2021
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A Rising Tide Lifts All Boats: 5 Marine Stocks To Consider
- Container and bulk carrier shipping markets continue to improve. Despite YTD appreciation, significant upside for stocks with exposure to seaborne trade is still in the offing, especially for names leveraged to the bulk carrier market.
- 08/12/2021
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Danaos: Strong Financials Supported By Technicals Indicate A Lagging Market Sentiment
- After the release of the 2Q FY2021 report, DAC trades only 2.1% higher, despite the beaten EPS and revenue forecasts.
- 08/06/2021
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Rose 96 Stock Portfolio Review: Value Up 16% YTD And Dividend Yield 4.16%
- Rose 96 Stock Portfolio Review: Value Up 16% YTD And Dividend Yield 4.16%
- 08/05/2021
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Danaos (DAC) Q2 Earnings and Revenues Surpass Estimates
- Danaos (DAC) delivered earnings and revenue surprises of 2.45% and 3.15%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
- 08/02/2021
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Danaos (DAC) to Report Q2 Earnings: What's in the Offing?
- High vessel operating expenses are likely to dent Danaos' (DAC) Q2 results.
- 07/30/2021
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2021 Top Idea Contest - New Ideas
- Today, we have our "Double Down or Diversify" series. We have 13 new ideas that contributors have chosen for the second half of the contest.
- 07/29/2021
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Danaos: Shipping Crisis Might Worsen, I Am More Bullish
- Danaos: Shipping Crisis Might Worsen, I Am More Bullish
- 07/29/2021
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4 Shipping Stocks To Buy As the Global Economy Gains Steam
- These four shipping stocks stand to gain as global economic growth gains traction and translates into healthy shipping rates. The post 4 Shipping Stocks To Buy As the Global Economy Gains Steam appeared first on InvestorPlace.
- 07/28/2021
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Danaos (DAC) Earnings Expected to Grow: What to Know Ahead of Q2 Release
- Danaos (DAC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/26/2021
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Top Ranked Value Stocks to Buy for July 23rd
- GLOP, PBR, ALLY, and DAC made it to the Zacks Rank #1 (Strong Buy) value stocks list on July 23, 2021.
- 07/23/2021
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Inflation's Not the Enemy: Focus on Long-Term Objectives, Instead
- Don???t fear the stock market, inflation fears are likely to be short-lived.
- 07/20/2021
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New Strong Buy Stocks for July 19th
- ASIX, JAKK, TEX, BCC, and DAC have been added to the Zacks Rank #1 (Strong Buy) List on July 19, 2021.
- 07/19/2021
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7 ‘A-Rated' Small-Cap Stocks to Buy Now
- As the economy roars back to life, one of the best places to look for growth is top-quality small-cap stocks that are still bargains. The post 7 ‘A-Rated' Small-Cap Stocks to Buy Now appeared first on InvestorPlace.
- 07/19/2021
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Danaos: Buy The Dip On Mispricing
- Danaos' stock down -6.11% over last month, while HARPEX is setting new highs (up 27.32% since June 18, 2021). The drawdown of DAC created mispricing, which looks like easy pickings.
- 07/15/2021
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Danaos' Recent Acquisitions Promise Further Upside
- Danaos acquired the remaining 51% interest in five joint-venture vessels on July 1. On July 14, they announced the acquisition of a further six vessels outright.
- 07/15/2021
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Danaos To Acquire Six 5,466 TEU Eco-Design Wide Beam Container Vessels For $260M
- Danaos Corp (NYSE: DAC) announced an agreement to acquire six 5,466 TEU container vessels built at Hanjin Subic Bay shipyard en bloc for $260 million. The vessels have an average age of 6.8 years and are on time charter contracts to liner companies with a weighted average charter duration of approximately two years.
- 07/14/2021
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Danaos Corporation Announces Agreement for the Acquisition of Six 5,466 TEU Eco-design Wide Beam Container Vessels
- ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (the "Company") (NYSE: DAC) today announced that it has entered into an agreement to acquire six 5,466 TEU container vessels built at Hanjin Subic Bay shipyard en bloc for $260 million (the “Acquisition”). The vessels, which have an average age of 6.8 years, are on time charter contracts to leading liner companies with a weighted average charter duration of approximately 2 years. The Acquisition will increase the Company's contracted revenue b
- 07/14/2021
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Should Value Investors Buy Danaos (DAC) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 07/13/2021
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Danaos (DAC) Gains But Lags Market: What You Should Know
- Danaos (DAC) closed at $75.25 in the latest trading session, marking a +0.6% move from the prior day.
- 07/02/2021
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Why A 5-Ship Deal Is Reinforcing This Danaos Analyst's Bull Case
- A deal involving the acquisition of five ships has furthered a Jefferies analyst's bullish sentiment on Danaos Corp. (NYSE:DAC). The Danaos Analyst: Randy Giveans reiterated a Buy rating on shares of Danaos, increasing the firm's price target from $87 to $90.
- 07/02/2021
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Danaos (DAC) Gains As Market Dips: What You Should Know
- In the latest trading session, Danaos (DAC) closed at $72.13, marking a +0.45% move from the previous day.
- 06/18/2021
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Danaos: Safe Cruise (Under) Control
- We are bullish on the entire marine/shipping industry for quite some time, and on containerships particularly over recent months.
- 06/16/2021
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Danaos (DAC) Dips More Than Broader Markets: What You Should Know
- Danaos (DAC) closed at $70.73 in the latest trading session, marking a -1.26% move from the prior day.
- 06/15/2021
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Danaos: Up 2200% And Still Likely To Go Higher
- Danaos: Up 2200% And Still Likely To Go Higher
- 06/13/2021
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Danaos (DAC) Gains As Market Dips: What You Should Know
- In the latest trading session, Danaos (DAC) closed at $67.65, marking a +0.55% move from the previous day.
- 06/09/2021
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Danaos (DAC) Outpaces Stock Market Gains: What You Should Know
- Danaos (DAC) closed the most recent trading day at $67.28, moving +0.03% from the previous trading session.
- 06/08/2021
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Danaos Corporation Has Further Upside As Changes To Its Balance Sheet Aren't Fully Realized
- Danaos is successfully rechartering its ships at higher rates, an effect that is likely to only become more apparent in the coming months. The company's refinancing promises to bring down its debt load, which will be accounted for in the second quarter.
- 06/08/2021
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Danaos (DAC) is on the Move, Here's Why the Trend Could be Sustainable
- Danaos (DAC) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
- 05/17/2021
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Has Danaos (DAC) Outpaced Other Transportation Stocks This Year?
- Is (DAC) Outperforming Other Transportation Stocks This Year?
- 05/14/2021
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Navios Partners - Buy The Dip
- Navios Partners - Buy The Dip
- 05/13/2021
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Danaos: Sailing With A Triple Crown
- DAC is a rare company that is both a value stock and a growth stock. Management is aligned with shareholders meaning the stock should outperform as the reopening economy normalizes.
- 05/12/2021
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Why Wall Street's best-performing shipowner is building a war chest
- Your cash will pile up as the year goes on. More cash is coming next year.
- 05/11/2021
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Danaos Has Potential To Rewrite Its All-Time Highs
- The global maritime shipping crisis will not end anytime soon.
- 05/11/2021
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Danaos Corporation (DAC) CEO John Coustas on Q1 2021 Results - Earnings Call Transcript
- Danaos Corporation (DAC) CEO John Coustas on Q1 2021 Results - Earnings Call Transcript
- 05/11/2021
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Danaos (DAC) Misses Q1 Earnings Estimates
- Danaos (DAC) delivered earnings and revenue surprises of -1.39% and 2.41%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
- 05/10/2021
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Danaos Corporation Reports First Quarter Results for the Period Ended March 31, 2021
- ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (“Danaos”) (NYSE:DAC), one of the world's largest independent owners of containerships, today reported unaudited results for the quarter ended March 31, 2021. Highlights for the First Quarter Ended March 31, 2021: Adjusted net income1 of $58.0 million, or $2.83 per share, for the three months ended March 31, 2021 compared to $33.3 million, or $1.34 per share, for the three months ended March 31, 2020, an increase of 74.2%. Operating revenues o
- 05/10/2021
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Are Investors Undervaluing Danaos (DAC) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 05/06/2021
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Danaos (DAC) to Report Q1 Earnings: What's in the Offing?
- High container rates are likely to have aided Danaos' (DAC) Q1 performance.
- 05/05/2021
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Danaos Corporation Announces Date for the Release of First Quarter 2021 Results, Conference Call and Webcast
- ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the first quarter ended March 31, 2021, after the close of the market in New York on Monday, May 10, 2021. The Company's management team will host a conference call to discuss the results on Tuesday, May 11, 2021 at 9:00 A.M. ET. Conference Call Details: Participants should dial into the call 10 minutes before the
- 05/03/2021
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Which shipping stocks rose the most in wake of COVID pandemic?
- The stock market has boomed in the COVID era, driven by fiscal and monetary policy and surging retail-investor interest. Many ocean shipping stocks — with the glaring exception of tanker equities — have followed suit.
- 05/02/2021
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Has Danaos (DAC) Outpaced Other Transportation Stocks This Year?
- Is (DAC) Outperforming Other Transportation Stocks This Year?
- 04/28/2021
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Recent Price Trend in Danaos (DAC) is Your Friend, Here's Why
- If you are looking for stocks that are well positioned to maintain their recent uptrend, Danaos (DAC) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.
- 04/28/2021
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Danaos (DAC) Gains As Market Dips: What You Should Know
- Danaos (DAC) closed the most recent trading day at $53.39, moving +1% from the previous trading session.
- 04/27/2021
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Danaos (DAC) Crossed Above the 20-Day Moving Average: What That Means for Investors
- When a stock breaks out above the 20-day simple moving average, good things could be on the horizon. How should investors react?
- 04/19/2021
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3 Shipping Stocks to Tide Over Coronavirus-Led Industry Hurdles
- 3 Shipping Stocks to Tide Over Coronavirus-Led Industry Hurdles
- 04/13/2021
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Container shipping is about to report blockbuster Q1 earnings
- Listed container-ship owners and operators won't report final Q1 results for another month, but three early disclosures give a taste of what's to come. The signals are flashing bright green.
- 04/12/2021
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5 Stocks With Recent Price Strength as Markets Move Northward
- Investors target stocks that are witnessing a bullish run. Actually, stocks seeing price strength like VRTV, DAC, GPX, MARA and MT have a high chance of carrying the momentum forward.
- 03/31/2021
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Top Stock Picks for Week of March 29, 2021
- Top Picks for Investors Interested in the Shipping and Medical Space.
- 03/29/2021
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Is Danaos (DAC) Stock Outpacing Its Transportation Peers This Year?
- Is (DAC) Outperforming Other Transportation Stocks This Year?
- 03/29/2021
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Shipping, Containers And Energy Are Potential Beneficiaries From Suez Blockade
- The Suez Canal blockade is potentially worse than Bloomberg and other financial media currently report. There's consensus a longer-duration blockade could be disruptive.
- 03/25/2021
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Top Ranked Value Stocks to Buy for March 16th
- Top Ranked Value Stocks to Buy for March 16th
- 03/16/2021
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5 Stocks With Recent Price Strength to Enhance Your Returns
- Investors target stocks that are witnessing a bullish run. Actually, stocks seeing price strength like VRTV, DAC, SEM, NPO and MT have a high chance of carrying the momentum forward.
- 03/15/2021
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Top Ranked Value Stocks to Buy for March 11th
- Top Ranked Value Stocks to Buy for March 11th
- 03/11/2021
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Is Danaos (DAC) Stock Outpacing Its Transportation Peers This Year?
- Is (DAC) Outperforming Other Transportation Stocks This Year?
- 03/08/2021
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Top Ranked Value Stocks to Buy for March 8th
- Top Ranked Value Stocks to Buy for March 8th
- 03/08/2021
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Danaos Corporation Announces Availability of its Annual Report on Form 20-F for the Year Ended December 31, 2020
- ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that its Annual Report on Form 20-F for the year ended December 31, 2020 has been filed with the Securities and Exchange Commission and can be accessed on the Company's website, www.danaos.com. Alternatively, shareholders may also request a hard copy of the complete audited financial statements, free of charge, by contacting the Company using the cont
- 03/05/2021
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Top Ranked Value Stocks to Buy for March 3rd
- Top Ranked Value Stocks to Buy for March 3rd
- 03/03/2021
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Why The Bull Market In Container Shipping Will Continue
- Container shipping rates have been soaring and stock prices for companies have been rocketing upwards - creating many multi-baggers along the way. The demand side deserves some credit but the bull market roots can be traced back to a supply-side outlook that has correctly been forecasting a tighter market.
- 03/02/2021
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Top Ranked Value Stocks to Buy for March 1st
- Top Ranked Value Stocks to Buy for March 1st
- 03/01/2021
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Danaos' Execution Remains Excellent With A Dividend Reinstatement In Sight
- Danaos' Execution Remains Excellent With A Dividend Reinstatement In Sight
- 02/25/2021
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5 Stocks With Recent Price Strength Defying Market Volatility
- Investors target stocks that are witnessing a bullish run. Actually, stocks seeing price strength have a high chance of carrying the momentum forward.
- 02/25/2021
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Top Ranked Value Stocks to Buy for February 24th
- Top Ranked Value Stocks to Buy for February 24th
- 02/24/2021
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Don't Shun Equities on Rising Bond Yields: Buy 5 Value Stocks
- With the 10-year Treasury Yield staying elevated, rotation from growth to value stocks is underway. This calls for investing in value stocks like Danaos (DAC), D.R.
- 02/24/2021
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Top Ranked Value Stocks to Buy for February 22nd
- Top Ranked Value Stocks to Buy for February 22nd
- 02/22/2021
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Has Danaos (DAC) Outpaced Other Transportation Stocks This Year?
- Is (DAC) Outperforming Other Transportation Stocks This Year?
- 02/18/2021
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Top Ranked Value Stocks to Buy for February 17th
- Top Ranked Value Stocks to Buy for February 17th
- 02/17/2021
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Top Buys In Shipping: Industry Review With J Mintzmyer (Podcast)
- Top Buys In Shipping: Industry Review With J Mintzmyer (Podcast)
- 02/16/2021
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Danaos Corporation Reports Results for the Fourth Quarter and Year Ended December 31, 2020
- ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (“Danaos”) (NYSE: DAC), one of the world's largest independent owners of containerships, today reported unaudited results for the fourth quarter and the year ended December 31, 2020. Highlights for the Fourth Quarter and Year Ended December 31, 2020: Adjusted net income1 of $47.8 million, or $2.29 per share, for the three months ended December 31, 2020 compared to $38.0 million, or $2.01 per share, for the three months ended December 31, 2019,
- 02/16/2021
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A Preview Of Danaos's Earnings
- On Monday, February 15, Danaos (NYSE:DAC) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.
- 02/12/2021
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Danaos (DAC) to Report Q4 Earnings: What's in the Offing?
- High vessel operating expenses are likely to hurt Danaos' (DAC) Q4 results.
- 02/10/2021
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Top Ranked Value Stocks to Buy for February 10th
- Top Ranked Value Stocks to Buy for February 10th
- 02/10/2021
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CORRECTING and REPLACING Danaos Corporation Announces Date for the Release of Fourth Quarter 2020 Results, Conference Call and Webcast
- ATHENS, Greece--(BUSINESS WIRE)--First sentence of release should read: Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the fourth quarter ended December 31, 2020 before the open of the market in New York on Tuesday, February 16, 2021 (instead of after the close of the market in New York on Monday, February 15, 2021). The updated release reads: DANAOS CORPORATION ANNOUNCES DATE FOR THE RELEASE
- 02/09/2021
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Danaos Corporation Announces Date for the Release of Fourth Quarter 2020 Results, Conference Call and Webcast
- ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the fourth quarter ended December 31, 2020, after the close of the market in New York on Monday, February 15, 2021. The Company's management team will host a conference call to discuss the results on Tuesday, February 16, 2021 at 9:00 A.M. ET. Conference Call Details: Participants should dial into the call 10 minut
- 02/09/2021
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Top Ranked Value Stocks to Buy for February 8th
- Top Ranked Value Stocks to Buy for February 8th
- 02/08/2021
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Danaos Corporation Announces Pricing of Senior Notes Offering
- ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (the “Company”) (NYSE:DAC) announced today the pricing of its offering of $300 million of 8.500% senior unsecured notes due 2028. The notes are being offered and sold in a private offering exempt from the registration requirements under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The Company intends to use the net proceeds from the offering, together with a new $815 million senior secured credit facility and a new $135
- 02/04/2021
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Is Danaos (DAC) Stock Outpacing Its Transportation Peers This Year?
- Is (DAC) Outperforming Other Transportation Stocks This Year?
- 02/01/2021
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Danaos Corporation Announces Senior Notes Offering
- ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (the “Company”) (NYSE: DAC) announced today that it plans to commence an offering of up to $300 million of senior unsecured notes due 2028, subject to market conditions and other factors. The notes are to be offered and sold in a private offering exempt from the registration requirements under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The Company intends to use the net proceeds from the offering, together with a new $
- 01/28/2021
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Containership Update: Insights From 6-Bagger Danaos Corp. (Podcast Transcript)
- Value Investor's Edge Live continues with this latest episode focused on the containership segment of the shipping industry. Danaos was one of our top picks at Value Investor's Edge with initial buys in September at $5.05.
- 01/19/2021
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Danaos (DAC) Is Up 28.23% in One Week: What You Should Know
- Does Danaos (DAC) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 01/18/2021
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Is Danaos (DAC) Outperforming Other Transportation Stocks This Year?
- Is (DAC) Outperforming Other Transportation Stocks This Year?
- 01/15/2021
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Danaos: Still Undervalued And Offers Great Upside With Rising Rates And ZIM's IPO
- Danaos has had a great run as charter rates have shot up in the past few months. ZIM, a liner company, is planning an end of January IPO - Danaos' stake may be worth more than $150 million; a massive benefit for the company, all but written-off.
- 01/14/2021
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Welcome To The New Container Shipping Supercycle
- Container ship leasing rates are at decade highs and rising as current demand for worldwide containerized trade far outstrips ship capacity. Restrained ship ordering from years of trade tension uncertainty and Covid have left us with a grossly insufficient new ship orderbook to meet even modest trade growth in 2021/2022.
- 01/10/2021
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Danaos' (DAC) Shares March Higher, Can It Continue?
- As of late, it has definitely been a great time to be an investor in Danaos Corporation (DAC).
- 01/07/2021
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Top Ranked Momentum Stocks to Buy for January 6th
- Top Ranked Momentum Stocks to Buy for January 6th
- 01/06/2021
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Top Ranked Value Stocks to Buy for January 4th
- Top Ranked Value Stocks to Buy for January 4th
- 01/04/2021
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Are You Looking for a Top Momentum Pick? Why Danaos (DAC) is a Great Choice
- Does Danaos (DAC) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 12/31/2020
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Top Ranked Value Stocks to Buy for December 21st
- Top Ranked Value Stocks to Buy for December 21st
- 12/21/2020
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Top Shipping Stocks for Q1 2021
- These are the shipping stocks with the best value, fastest growth, and most momentum for Q1 2021.
- 12/14/2020
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Danaos' Spectacular Turnaround
- Box rates and ship leasing rates are exploding higher in a spectacular reversal of fortunes for the containership lines and the containership leasing companies like Danaos. High financial leverage which brought it close to bankruptcy in 2018 is now working in its favor for extremely high returns.
- 12/11/2020
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Danaos: Well Positioned For The Coming Year And Shares With More Room To Run
- Danaos' third quarter earnings were strong on the back of a larger fleet and higher charter rates. Shares have become significantly more expensive, but remain undervalued.
- 11/26/2020
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Danaos Corporation (DAC) CEO Dr. John Coustas on Q3 2020 Results - Earnings Call Transcript
- Danaos Corporation (DAC) CEO Dr. John Coustas on Q3 2020 Results - Earnings Call Transcript
- 11/06/2020
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Danaos Corporation Reports Third Quarter and Nine Months Results for the Period Ended September 30, 2020
- ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (“Danaos”) (NYSE: DAC), one of the world's largest independent owners of containerships, today reported unaudited results for the period ended September 30, 2020. Highlights for the Third Quarter and Nine Months Ended September 30, 2020: Adjusted net income1 of $47.3 million, or $1.91 per share, for the three months ended September 30, 2020 compared to $37.9 million, or $2.46 per share, for the three months ended September 30, 2019, an increas
- 11/05/2020
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5 Undervalued Stocks Trading Below the Peter Lynch Value
- According to the GuruFocus All-in-One Screener, a Premium feature, as of Oct. 27, the following companies are trading below their Peter Lynch fair value with wide margins of safety and have had positive performances over the past 12 months.
- 10/27/2020
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How COVID-19 Is Influencing Shipping's Long-Term Outlook
- Shipping's reality from 2009-18 was defined by historic bear markets. Mid-2018 signaled a turning point for many segments, and even shipping at large.
- 08/17/2020
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Danaos Remains Undervalued With An Expected Minimal Effect From COVID
- Danaos reported a strong second-quarter, despite the macro-economic backdrop. The company's ships scheduled for re-charter this year are not likely to be re-chartered at significantly lower levels.
- 08/13/2020
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Top Ranked Value Stocks to Buy for August 13th
- Top Ranked Value Stocks to Buy for August 13th
- 08/13/2020
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Top Ranked Value Stocks to Buy for August 12th
- Top Ranked Value Stocks to Buy for August 12th
- 08/12/2020
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What Type Of Shareholders Own The Most Number of Danaos Corporation (NYSE:DAC) Shares?
- A look at the shareholders of Danaos Corporation (NYSE:DAC) can tell us which group is most powerful. Large companies...
- 08/07/2020
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Danaos (DAC) Tops Q2 Earnings and Revenue Estimates
- Danaos (DAC) delivered earnings and revenue surprises of 20.42% and 9.74%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
- 08/03/2020
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Danaos Corporation Reports Second Quarter and Half Year Results for the Period Ended June 30, 2020
- Danaos Corporation ("Danaos") (NYSE: DAC), one of the world's largest independent owners of containerships, today reported unaudited results for the period ended June 30, 2020.
- 08/03/2020
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Analysts Estimate Danaos (DAC) to Report a Decline in Earnings: What to Look Out for
- Danaos (DAC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/27/2020
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Danaos Corporation Announces Date for the Release of Second Quarter 2020 Results, Conference Call and Webcast
- Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the second quarter ended June 30, 2020, after the close of the market in New York on Monday, August 3, 2020.
- 07/24/2020
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5 Undervalued Companies With High Piotroski F-Scores
- Stocks with strong business operations and are trading below intrinsic value Continue reading...
- 07/09/2020
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Hedge Funds Cautiously Watching Danaos Corporation (DAC)
- In this article we will take a look at whether hedge funds think Danaos Corporation (NYSE:DAC) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from […]
- 06/12/2020
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Analysts Have Been Trimming Their Danaos Corporation (NYSE:DAC) Price Target After Its Latest Report
- Shareholders of Danaos Corporation (NYSE:DAC) will be pleased this week, given that the stock price is up 11% to...
- 05/21/2020
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Container-Ship Owners In Crossfire As Liners Slash Service
- Container-ship lessors represent one of the most crowded segments in the U.S.-listed shipping arena – and one of the most highly leveraged to COVID-19.Such owners, known as "tonnage providers," lease vessels for varying lengths of time to liner companies, which use chartered ships to complement their owned fleets. If global consumer demand rebounds robustly, stocks of tonnage providers should surge. If there's an extended downturn, they face years of pain.Liners have heavily "blanked" (canceled) sailings to cut costs and prop up freight rates in the wake of lower consumer demand. The longer fleet capacity exceeds coronavirus-reduced demand, the more likely that liners will permanently reduce fleet size by letting expiring charters roll off without renewal, and possibly even seek to renegotiate rates on long-term charters.As IHS Markit (NYSE: INFO)Director of Transportation Consulting Paul Bingham recently told FreightWaves, "The whole reason carriers deliberately have a portfolio-management strategy [fleets partially owned, partially chartered] is that you don't want to get stuck with a 100% owned fleet at a time like this. You're paying a premium to charter some of your tonnage so you can put it off-hire when demand drops. There's no question the carriers are going to do that."Tonnage provider falloutU.S.-listed tonnage providers include Danaos Corporation (NYSE: DAC), Costamare (NYSE: CMRE) Global Ship Lease (NYSE: GSL), Seaspan (now a subsidiary of Atlas, NYSE: ATCO), Capital Product Partners (NASDAQ: CPLP), Navios Containers (NASDAQ: NMCI), Navios Partners (NYSE: NMM) and Euroseas (NASDAQ: ESEA).Danaos reported a net income of $29 million for the first quarter of 2020 compared to a net income of $33.4 million for the first quarter of 2019.Danaos CEO John Coustas (Photo: Chris Preovolos/Marine Money)During the conference call with analysts on Tuesday morning, Danaos CEO John Coustas disclosed, "Charter rates for the ships we are renewing are lower, depending upon the ship size, with average [reductions] of around 25%" and some reductions of as much as 40%.On a positive note, Danaos CFO Evangelos Chatzis asserted on the call that "we haven't been asked to amend any contracts and we expect them to hold up."Asked about liner blank sailings vis-à-vis overall demand for chartered tonnage, Coustas commented, "We hear bookings to Europe and the U.S. are picking up, but I don't expect the third quarter to see a full pickup in activity."I don't expect all of the blanked sailings in the second quarter will be reinstated in the third quarter," he said, noting that around 25% of capacity was blanked in the second quarter. He thinks the recovery in sailing capacity will come in stages.Global Ship Lease Chief Commercial Officer Tom Lister commented during a conference call on May 12, "Much of the idle capacity [due to blank sailings] is actually operator-owned tonnage, ships owned by the liner companies themselves, and it tends to be the much bigger ships deployed on the big east-west trades." In other words, carriers are not removing their chartered-in ships from service, at least not yet.Global Ship Lease CEO Georgios Giouroukos affirmed on the same call that no carrier customers had approached his company seeking to renegotiate terms on long-term charters.Charter-rate outlookIn its new monthly outlook released, U.K.-based Maritime Strategies International (MSI) said, "Container-ship time-charter rates have undergone a sharp correction over the course of the second quarter. With liner companies passing through what is likely to be the most severe period of container volume pressure, they are increasing vessel [re]deliveries where possible. Owing to limited visibility about the months ahead, there has also been an increase in fixtures with very short durations."MSI's time-charter index was down by 25% year-on-year in March and by 26% in April. The consultancy is forecasting that time-charter rates for 8,500 twenty-foot equivalent unit (TEU) container ships, which already dropped from $30,000 per day in January to $22,000 per day in April, will sink to $14,900 per day in July and rebound to only $15,900 per day by October.It expects rates for 6,500 TEU ships to fall from $18,600 per day in April to $11,900 in July and come back to $13,500 per day by October.Will this time be different?Container-ship lessors have faced enormous challenges over the decade since the global financial crisis, raising the question: How bad could it get this time?The troubled history of Danaos offers a case in point for why stocks of container-ship lessors have plunged in the wake of the coronavirus.Charter revenues began falling due to lower recharter rates in 2010-11, following the financial crisis. Starting in late 2011, Danaos began to lay up ships it was unable to recharter; three ships were laid up in 2012, rising to six in 2013, with two still laid up in 2014. The declining value of container ships (due to lower earnings power) left Danaos unable to maintain collateral ratios and covenant waivers were obtained from banks.Liner company ZIM restructured in 2014, with Danaos agreeing to lower rates on six long-term charters to the company in return for future repayment through notes. In 2016, Danaos agreed to reduce the charter rates on 13 ships chartered to Hyundai Merchant Marine; the same year, Hanjin Shipping went bankrupt, defaulting on eight charters to Danaos.Danaos concluded a comprehensive out-of-court restructuring of its debt in 2018, with certain lenders receiving 47.5% of the company's equity.Could that pattern repeat itself for the sector in light of coronavirus fallout?Leasing company executives speaking on recent quarterly calls emphasized how the liner industry dynamics have changed, implying that the tribulations of the past decade will not necessarily repeat themselves."The good thing about our customers is that they have managed, through the withdrawal of capacity, to keep box rates at the same level or even stronger levels during the pandemic," said Coustas. "The biggest problems from demand issues in the past came when there was also a catastrophic fall in box rates."According to Lister, "Unlike previous downturns, the lines have kept their discipline in terms of capacity management, and as a result, freight rates have remained high." Click for more FreightWaves/American Shipper articles by Greg Miller Photo by Tom Fisk from Pexels. See more from Benzinga * Airlines Add June Capacity As Bookings Return * Echo Global Logistics Adds TruckPark Parking Services * Quarterly Shipper Rate Report(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 05/19/2020
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Danaos (DAC) Tops Q1 Earnings and Revenue Estimates
- Danaos (DAC) delivered earnings and revenue surprises of 12.61% and 3.09%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
- 05/18/2020
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Danaos Q1 EPS $1.340 Beats $1.190 Estimate, Sales $106.960M Beat $103.010M Estimate
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Danaos Corporation Reports First Quarter Results for the Period Ended March 31, 2020
- Danaos Corporation ("Danaos") (NYSE: DAC), one of the world's largest independent owners of containerships, today reported unaudited results for the quarter ended March 31, 2020.
- 05/18/2020
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Danaos (DAC) Tops Q1 Earnings and Revenue Estimates
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Earnings Preview: Danaos (DAC) Q1 Earnings Expected to Decline
- Danaos (DAC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 05/11/2020
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Here's Why Expeditors (EXPD) Shares Gain 6% in the Past Month
- Expeditors' (EXPD) efforts to add shareholder value via dividend payouts and repurchases are appreciative.
- 05/11/2020
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Danaos (DAC) to Report Q1 Earnings: What's in the Offing?
- Coronavirus-triggered supply-chain disruptions are likely to have dampened Danaos' (DAC) Q1 performance.
- 05/11/2020
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Danaos Corporation Announces Date for the Release of First Quarter 2020 Results, Conference Call and Webcast
- Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the first quarter ended March 31, 2020, after the close of the market in New York on Monday, May 18, 2020.
- 05/06/2020
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Danaos Corporation Announces Date for the Release of First Quarter —…—… Results, ...
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Top Ranked Value Stocks to Buy for April 9th
- Top Ranked Value Stocks to Buy for April 9th
- 04/09/2020
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Top Ranked Value Stocks to Buy for April 9th
- Here are four stocks with buy rank and strong value characteristics for investors to consider today, April 9th.
- 04/09/2020
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Top Ranked Value Stocks to Buy for April 9th
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Global Shipping: Tankers Winning As Uncertainty Abounds
- COVID-19 is delivering a devastating impact to global markets, with oil routing the hardest due to a double-punch from the Saudi/Russia oil price war. Crude tan
- 04/02/2020
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Top Ranked Value Stocks to Buy for April 1st
- Top Ranked Value Stocks to Buy for April 1st
- 04/01/2020
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Top Ranked Value Stocks to Buy for April 1st
- Here are four stocks with buy rank and strong value characteristics for investors to consider today, April 1st
- 04/01/2020
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Tsakos Energy (TNP) Soars: Stock Adds 9.2% in Session
- Tsakos Energy (TNP) saw a big move last session, as its shares jumped nearly 9% on the day, amid huge volumes.
- 03/30/2020
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Frontline (FRO) Catches Eye: Stock Jumps 8.3%
- Frontline (FRO) saw a big move last session, as its shares jumped more than 8% on the day, amid huge volumes.
- 03/30/2020
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Tsakos Energy (TNP) Soars: Stock Adds 9.2% in Session
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A Close Look At Danaos Corporation’s (NYSE:DAC) 8.2% ROCE
- Today we are going to look at Danaos Corporation (NYSE:DAC) to see whether it might be an attractive investment...
- 03/29/2020
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New Strong Buy Stocks for March 24th
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- 03/24/2020
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New Strong Buy Stocks for March 24th
- Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:
- 03/24/2020
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Danaos Corp Files Prospectus Relates To Resale Of 4.8M Shares Of Common Stock Of Co. Offered By Selling Stockholders
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Top Ranked Value Stocks to Buy for March 18th
- Top Ranked Value Stocks to Buy for March 18th
- 03/18/2020
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Top Ranked Value Stocks to Buy for March 18th
- Here are three stocks with buy rank and strong value characteristics for investors to consider today, March 18th
- 03/18/2020
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New Strong Buy Stocks for March 16th
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- 03/16/2020
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New Strong Buy Stocks for March 16th
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- 03/16/2020
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Employee Engagement and Feedback Software Market —…–9-—…—7 / Size, Share, Growth, ...
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Danaos Corporation Announces Availability of its Annual Report on Form 20-F for the Year Ended December 31, 2019
- Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that its Annual Report on Form 20-F for the year ended December 31, 2019 has been filed with the Securities and Exchange Commission and can be accessed on the Company's website, www.danaos.com.
- 03/02/2020
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Danaos Corporation Announces Availability of its Annual Report on Form —…-F for the Year ...
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Top Ranked Value Stocks to Buy for February 28th
- Top Ranked Value Stocks to Buy for February 28th
- 02/28/2020
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Top Ranked Value Stocks to Buy for February 28th
- Here are four stocks with buy rank and strong value characteristics for investors to consider today, February 28th
- 02/28/2020
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Top Ranked Value Stocks to Buy for February 28th
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Top Ranked Value Stocks to Buy for February 24th
- Top Ranked Value Stocks to Buy for February 24th
- 02/24/2020
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Top Ranked Value Stocks to Buy for February 24th
- Here are three stocks with buy rank and strong value characteristics for investors to consider today, February 24th
- 02/24/2020
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Danaos Corporation Sees Hammer Chart Pattern: Time to Buy?
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Edited Transcript of DAC earnings conference call or presentation 11-Feb-20 2:00pm GMT
- Q4 2019 Danaos Corp Earnings Call
- 02/17/2020
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RBF Capital, LLC Buys Danaos Corp, Apple Inc, Acuity Brands Inc, Sells PG&E Corp, Capital ...
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Earnings Update: Here's Why Analysts Just Lifted Their Danaos Corporation Price Target To US$9.00
- Shareholders will be ecstatic, with their stake up 20% over the past week following Danaos Corporation's (NYSE:DAC...
- 02/13/2020
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Public Shipping Execs Face More Coronavirus Questions
- A "black swan" event shuts down your most important demand driver, China, and rattles your investors' confidence. Your stock plunges, and then, just when everything is really...
- 02/12/2020
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94 Biggest Movers From Yesterday
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Rexahn Pharmaceuticals, Inc. (NASDAQ: REXN) shares gained 78.5% to close at $3.66 after the company announced a license agreement with Zhejiang HaiChang Biotechnology....
- 02/12/2020
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71 Stocks Moving In Tuesday's Mid-Day Session
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Danaos Q4 Adj. EPS $2.01 Beats $1.67 Estimate, Sales $110.204M Beat $103.19M Estimate
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Danaos Corporation Reports Results for the Fourth Quarter and Year Ended December 31, 2019
- Danaos Corporation ("Danaos") (NYSE: DAC), one of the world's largest independent owners of containerships, today reported unaudited results for the fourth quarter and the year ended December 31, 2019.
- 02/10/2020
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Easy Come, Easy Go: How Danaos (NYSE:DAC) Shareholders Got Unlucky And Saw 93% Of Their Cash Evaporate
- We're definitely into long term investing, but some companies are simply bad investments over any time frame. It hits...
- 02/10/2020
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Danaos Corporation Announces Date for the Release of Fourth Quarter 2019 Results, Conference Call and Webcast
- Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the fourth quarter ended December 31, 2019, after the close of the market in New York on Monday, February 10, 2020.
- 02/06/2020
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IMO 2020 Impacts To Shipping
- Shipping investors, and particularly tanker investors, were very bullish in mid-2019 ahead of the biggest regulatory shift in modern history: IMO 2020. Tanker s
- 02/06/2020
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Danaos Corporation Announces Date for the Release of Fourth Quarter —…–9 Results, ...
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70 Biggest Movers From Yesterday
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50 Stocks Moving In Thursday's Mid-Day Session
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IMO 2020 And Shipping - Our Forecasts Vs. Reality
- IMO 2020 is now in effect, marking a massive shift in the industry. Prior to implementation, theories of astronomical bunker prices, mass scrapping, and slow st
- 01/29/2020
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12 Marine Shipping Stocks Moving In Monday's Session
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Marketplace Authors' Picks For 2020
- For the final note of our year-end Marketplace Roundtable series, we compile all of our authors' named favorite ideas. The authors' focuses range from macro to
- 01/06/2020
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Can Value Investors Consider Danaos Corporation (DAC) Stock?
- Danaos Corporation (DAC) stock may be a good choice for value-oriented investors right now from multiple angles.
- 12/17/2019
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Can Value Investors Consider Danaos Corporation (DAC) Stock?
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70 Biggest Movers From Yesterday
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MDB, GNW, SFIX and CASY among after hour movers
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Zacks.com featured highlights include: Changyou.com, Danaos and Sony
- Zacks.com featured highlights include: Changyou.com, Danaos and Sony
- 12/05/2019
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Top Ranked Value Stocks to Buy for December 4th
- Top Ranked Value Stocks to Buy for December 4th
- 12/04/2019
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Benzinga's Top Upgrades, Downgrades For December 3, 2019
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52 Biggest Movers From Friday
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8 Industrials Stocks Moving In Monday's Pre-Market Session
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US Stock Market Weekly Update November 18-November 22, 2019
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Mid-Afternoon Market Update: Dow Rises Over 100 Points; EyeGate Pharmaceuticals Shares Spike Higher
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Frontline (FRO) to Report Q3 Earnings: What's in the Offing?
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Is The Rebirth Of Shipping Share Offerings Finally Nigh?
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Top Ranked Value Stocks to Buy for November 19th
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Danaos Announces $55M Common Stock Offering
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Top Ranked Value Stocks to Buy for November 15th
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Is Danaos (DAC) a Great Value Stock Right Now?
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Is Danaos (DAC) Stock Outpacing Its Transportation Peers This Year?
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Danaos Corporation (DAC) CEO John Coustas on Q3 2019 Results - Earnings Call Transcript
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Danaos Reports Lower Profit But Is Upbeat About 2020
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Danaos Q3 EPS $2.46 Beats $2.14 Estimate, Sales $111.8M Beat $108.82M Estimate
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Danaos (DAC) to Report Q3 Earnings: What's in the Offing?
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Royal Bank Of Scotland Group Plc Buys Danaos Corp, eBay Inc, Fidelity National Information ...
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55 Biggest Movers From Yesterday
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58 Biggest Movers From Yesterday
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Top Ranked Momentum Stocks to Buy for September 30th
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Top Ranked Value Stocks to Buy for September 27th
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Top Ranked Value Stocks to Buy for September 25th
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Top Ranked Value Stocks to Buy for September 11th
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Top Ranked Value Stocks to Buy for August 29th
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Danaos Corporation (DAC) CEO John Coustas on Q2 2019 Results - Earnings Call Transcript
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More on Danaos Q2 results
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Danaos Q2 EPS $2.24 Down From $3.72 YoY
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Liner Companies Face Rising Cost To Charter Container Ships
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Ocean Rate Report: Philly Fire Sparks Product Tanker Earnings
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Is Container Shipping Market Less Turbulent Than Headlines Imply?
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Danaos Corporation Regains Full Compliance With NYSE Minimum Average Share Price Listing Standard
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Charter Rates For Larger Box Ships Outpace Smaller Classes
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Danaos Sees Little Tariff Fallout For Box-Ship Chartering
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Danaos Q1 EPS $0.18 Beats $0.16 Estimate, Sales $112.891M Beat $108.03M Estimate
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Danaos (DAC) Gains As Market Dips: What You Should Know
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Danaos (DAC) Gains As Market Dips: What You Should Know
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Danaos Announces a 1-for-14 Reverse Split
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Teekay Tankers (TNK) Jumps: Stock Rises 6.9%
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Danaos (DAC) Moves to Strong Buy: Rationale Behind the Upgrade
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Shipping stocks in rally mode
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Danaos Corp. Filing Shows Registration For $300M Mixed Securities Offering
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Danaos Corporation (DAC) CEO John Coustas on Q4 2018 Results - Earnings Call Transcript
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Danaos Q4 EPS $0.18 Beats $0.12 Estimate, Sales $115.631M Beat $105.34M Estimate
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Week In Review: How Trump's Policies Moved Stocks - Jan. 20
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Danaos Receives Notice From NYSE Regarding Continued Listing Standard
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Danaos +3.7% post Q3 results
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Danaos Corporation Q3 EPS $0.23 Down From $0.27 YoY, Sales $117.78M Beat $107.19M Estimate
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Stocks Which Set New 52-Week Low Yesterday, October 29th
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Investors bid up shipping stocks
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Danaos Corporation's (DAC) CEO, Dr. John Coustas on Q2 2018 Results - Earnings Call Transcript
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Danaos Q2 Adj. EPS $0.27 Beats $0.23 Estimate, Sales $113.47M Beat $107.24M Estimate
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Frontline (FRO) Looks Good: Stock Adds 11.3% in Session
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Danaos Sees Hammer Chart Pattern: Time to Buy?
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40 Biggest Movers From Yesterday
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38 Biggest Movers From Friday
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32 Stocks Moving In Tuesday's Mid-Day Session
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Danaos Corporation F-1 Shows Filing For Resale Of ~99.3M Shares By Selling Shareholders
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Can The Uptrend Continue for Danaos (DAC)?
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New Details De-Risk Danaos' Debt Refinancing Story
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8 Stocks To Watch For June 27, 2018
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5 Stocks Moving In Tuesday's After-Hours Session
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Danaos Corp Shares Up 12.0% After Co. Earlier Announced Debt Refinancing Program That Will Reduce $2.2B Debt By $551M
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Danaos Corporation's (DAC) CEO, Dr. John Coustas on Q4 2017 Results - Earnings Call Transcript
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Danaos Corp Shares Up 26.9% After Hours As Co. Reported Better-Than-Expected Q4 Results
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Jefferies Assumes Danaos at Hold, Announces price target $3.00
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Danaos Corp. Reports Q3 Adj. EPS $0.27 vs $0.23 Est., Operating Sales $113.6M vs $107.6M Est.
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Danaos Reports Q2 Adj. EPS $0.26 vs $0.23 Est., Sales $113.9M vs $108M Est.
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15 Biggest Mid-Day Losers For Friday
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Top Ranked Value Stocks to Buy for June 28th
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A Peek Into The Markets: U.S. Stock Futures Up Ahead Of Beige Book
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Earnings Scheduled For May 30, 2017
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