
Danaos (DAC) Stock Forecast & Price Target
Danaos (DAC) Analyst Ratings
Bulls say
Danaos Corporation exhibited robust free cash flow generation of $7.20 per share in the second quarter, translating to an impressive annualized yield exceeding 30%. The company has consistently maintained a quarterly dividend of $0.85 per share for four consecutive quarters, indicating stability and the potential for an increase based on historical patterns. Additionally, Danaos's strategic positioning within its operational markets reinforces its favorable outlook in the container shipping sector.
Bears say
Danaos Corp reported a slight earnings miss for the second quarter, with an adjusted EPS of $6.36, falling short of the consensus estimate of $6.66 and the internal forecast of $6.52. The adjusted EBITDA also disappointed at $176 million, compared to the consensus of $185 million and an internal estimate of $183 million, primarily attributed to higher vessel operating costs that reached $56.4 million, exceeding the previous estimate of $51.4 million. This combination of earnings and EBITDA misses, driven by increased operational expenses, raises concerns about the company's financial performance and profitability outlook in a competitive shipping sector.
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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