Equities Analysts Offer Predictions for Danaos Co.’s Q1 2019 Earnings (DAC)

Equities Analysts Offer Predictions for Danaos Co.’s Q1 2019 Earnings (DAC)

Danaos Co. (NYSE:DAC) – Equities researchers at Jefferies Financial Group issued their Q1 2019 earnings per share estimates for Danaos in a research report issued on Wednesday, February 20th. Jefferies Financial Group analyst R. Giveans anticipates that the shipping company will post earnings of $0.16 per share for the quarter. Jefferies Financial Group also issued estimates for Danaos’ Q2 2019 earnings at $0.15 EPS, Q3 2019 earnings at $0.14 EPS, Q4 2019 earnings at $0.12 EPS, FY2019 earnings at $0.57 EPS and FY2020 earnings at $0.59 EPS.

Several other research analysts also recently weighed in on the stock. ValuEngine raised shares of Danaos from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 1st. Zacks Investment Research raised shares of Danaos from a “hold” rating to a “buy” rating and set a $1.00 target price on the stock in a research report on Monday, January 28th.

Danaos stock opened at $0.89 on Friday. The company has a market capitalization of $181.20 million, a PE ratio of 1.02 and a beta of 1.61. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 1.73. Danaos has a fifty-two week low of $0.56 and a fifty-two week high of $2.50.

Danaos (NYSE:DAC) last announced its quarterly earnings data on Tuesday, February 19th. The shipping company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.05. The company had revenue of $115.63 million for the quarter. Danaos had a negative net margin of 7.18% and a positive return on equity of 19.47%.

Hedge funds have recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC acquired a new stake in shares of Danaos during the third quarter worth approximately $176,000. Renaissance Technologies LLC boosted its holdings in shares of Danaos by 209.5% during the third quarter. Renaissance Technologies LLC now owns 284,320 shares of the shipping company’s stock worth $341,000 after purchasing an additional 192,456 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Danaos during the third quarter worth approximately $112,000. Royal Bank of Scotland Group PLC acquired a new stake in shares of Danaos during the third quarter worth approximately $42,286,000. Finally, Greenwich Wealth Management LLC acquired a new stake in shares of Danaos during the fourth quarter worth approximately $393,000. Institutional investors and hedge funds own 17.85% of the company’s stock.

Danaos Company Profile

Danaos Corporation, together with its subsidiaries, owns and operates containerships in Australia, Asia, Europe, and the United States. The company offers seaborne transportation services, such as chartering its vessels to liner companies. As of February 28, 2018, it had a fleet of 55 containerships aggregating 327,616 twenty foot equivalent units.

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