
Danaos (DAC) Stock Forecast & Price Target
Danaos (DAC) Analyst Ratings
Bulls say
Danaos Corp reported robust free cash flow generation of $7.20 per share during the second quarter, reflecting an annualized yield exceeding 30%. The company has consistently maintained its quarterly dividend at $0.85 per share for the fourth consecutive time, indicating potential for an increase in the third quarter based on historical patterns. Operating primarily in the container vessel sector, which generates the majority of its revenue, Danaos is in a strong financial position to capitalize on ongoing market demand in international shipping.
Bears say
Danaos Corp reported an adjusted earnings per share (EPS) of $6.36 for the second quarter, falling short of the consensus estimate of $6.66 and the analyst forecast of $6.52, which indicates potential challenges in profit generation. Additionally, the company recorded an adjusted EBITDA of $176 million, which was below both the consensus estimate of $185 million and the internal forecast of $183 million, reflecting pressures on operational efficiency. The issue of increased operating costs, reported at $7,556 per day and totaling $56.4 million, exceeded expectations and contributed to the earnings miss, raising concerns about the company's financial management in a competitive market.
This aggregate rating is based on analysts' research of Danaos and is not a guaranteed prediction by Public.com or investment advice.
Danaos (DAC) Analyst Forecast & Price Prediction
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