
Danaos (DAC) Stock Forecast & Price Target
Danaos (DAC) Analyst Ratings
Bulls say
Danaos Corp demonstrated strong financial performance in the second quarter with a robust free cash flow generation of $7.20 per share, translating to an annualized yield exceeding 30%. The company has consistently maintained its quarterly dividend at $0.85 per share for four consecutive quarters, indicating a solid commitment to returning value to shareholders and potentially higher distributions in the future. Additionally, Danaos's diverse customer base in the container shipping sector and prominent geographical presence, particularly in the Australia-Asia region, further enhances its revenue-generating potential and overall market position.
Bears say
Danaos Corp reported adjusted earnings per share (EPS) of $6.36 for the second quarter, which fell short of both consensus and internal estimates, reflecting a trend of earnings misses attributed to increasing operational expenses. Adjusted EBITDA was recorded at $176 million, which was also below the consensus forecast of $185 million and internally expected figures, indicating challenges in maintaining profitability amidst rising costs. The company's operational costs have escalated to $7,556 per day, totaling $56.4 million, surpassing prior estimates and contributing to the overall negative outlook on its financial health.
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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