
Danaos (DAC) Stock Forecast & Price Target
Danaos (DAC) Analyst Ratings
Bulls say
Danaos Corp demonstrated robust free cash flow generation of $7.20 per share during the second quarter, translating to an annualized yield exceeding 30%. The company has consistently maintained its quarterly dividend at $0.85 per share for four consecutive periods, indicating potential for an increase in the third quarter based on historical trends. Furthermore, Danaos emphasized its strong market position, which contributes to a favorable outlook for future financial performance.
Bears say
Danaos Corporation reported an adjusted second-quarter EPS of $6.36, slightly below the consensus estimate of $6.66, and an adjusted EBITDA of $176 million that also missed expectations of $185 million. The company's earnings miss was attributed to higher vessel operating costs, which averaged $7,556 per day, resulting in total costs of $56.4 million, exceeding the forecast of $51.4 million. Overall, while revenues met expectations, the increased operational expenses create a concerning outlook for the company’s financial performance.
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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