
Danaos (DAC) Stock Forecast & Price Target
Danaos (DAC) Analyst Ratings
Bulls say
Danaos Corp has demonstrated strong financial performance, with a 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 four consecutive periods, indicating potential for an increase in the third quarter based on historical trends. Additionally, the company's strategic positioning within the container shipping sector and its diverse customer base across key global regions contribute to a positive outlook on its financial sustainability and growth.
Bears say
Danaos Corp reported a slight earnings miss for the second quarter, with adjusted EPS of $6.36 falling short of both consensus expectations and internal estimates. The company's adjusted EBITDA of $176 million also underperformed relative to the projected $185 million, attributed to higher vessel operating costs that amounted to $7,556 per day, totaling $56.4 million versus an estimated $51.4 million. Consequently, despite meeting revenue expectations, the increased operational expenses raise concerns about the company's financial performance and efficiency moving forward.
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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