Last $5.99 USD
Change Today +0.0734 / 1.24%
Volume 3.0K
DAC On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 11/25/14 All times are local (Market data is delayed by at least 15 minutes).

danaos corp (DAC) Snapshot

Open
$6.00
Previous Close
$5.92
Day High
$6.00
Day Low
$5.90
52 Week High
01/22/14 - $7.75
52 Week Low
10/14/14 - $3.96
Market Cap
656.9M
Average Volume 10 Days
8.0K
EPS TTM
$1.02
Shares Outstanding
109.7M
EX-Date
03/11/09
P/E TM
5.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for DANAOS CORP (DAC)

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danaos corp (DAC) Details

Danaos Corporation, together with its subsidiaries, is engaged in the ownership and operation of containerships, as well as chartering of its vessels to liner companies in Greece and internationally. It primarily offers seaborne transportation services. It has a fleet of 54 containerships aggregating 321,435 twenty foot equivalent units (TEU). The company was formerly known as Danaos Holdings Limited and changed its name to Danaos Corporation in October 2005. Danaos Corporation was founded in 1972 and is based in Piraeus, Greece.

danaos corp (DAC) Top Compensated Officers

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Executives, Board Directors

danaos corp (DAC) Key Developments

Danaos Corporation Presents at Capital Link's 4th Annual Shipping & Offshore CSR Forum, Nov-04-2014 10:35 AM

Danaos Corporation Presents at Capital Link's 4th Annual Shipping & Offshore CSR Forum, Nov-04-2014 10:35 AM. Venue: One Moorgate Place, London, United Kingdom. Speakers: Dimitris Vastarouchas, Technical Director and Deputy Chief Operating Officer.

Danaos Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Danaos Corporation reported unaudited consolidated earnings results third quarter and nine months ended September 30, 2014. For the quarter, the company reported operating revenues of $139,496,000 compared to $148,448,000 a year ago. Income from operations was $68,881,000 compared to $73,719,000 a year ago. Net income was $22,406,000 or $0.20 per basic and diluted share, compared to $8,788,000 or $0.08 per basic and diluted share a year ago. Adjusted net income was $18,020,000 or $0.16 per basic and diluted share, compared to $13,402,000 or $0.12 per basic and diluted share, a year ago. Adjusted EBITDA was $104,144,000 compared to $109,473,000 a year ago. The increase of 34.3%, or $4.6 million, in adjusted net income for the three months ended September 30, 2014 compared to the three months ended September 30, 2013, was attributed to a reduction of $4.1 million in total fleet operating costs and a $9.4 million reduction in net finance costs (mainly due to lower debt balances and interest rate swap expirations), which was partially offset by a $4.2 million reduction in operating revenues as a result of reduced rates for six 4,253 TEU vessels on charter to Zim following the Zim restructuring, as well as a $4.7 million net decrease in operating revenues mainly attributed to lower re-chartering rates for certain of vessels as a result of the continuing soft charter market and vessels sold that were generating revenue in the three months ended September 30, 2013 partially offset by vessels acquired subsequent to September 30, 2013 that were generating revenue in the three months ended September 30, 2014. Net cash provided by operating activities was $59,449,000 against $48,628,000 a year ago. Vessel additions and vessel acquisitions was $651,000 against $988,000 a year ago. For the nine months, the company reported operating revenues of $411,422,000 compared to $441,116,000 a year ago. Income from operations was $199,913,000 compared to $218,761,000 a year ago. Net income was $47,456,000 or $0.43 per basic and diluted share, compared to $41,759,000 or $0.38 per basic and diluted share, a year ago. Net cash flows provided by operating activities were $142,766,000 against $147,177,000 a year ago. Vessel additions and vessel acquisitions was $1,214,000 compared to $18,745,000 a year ago. Adjusted EBITDA was $299,511,000 compared to $325,459,000 a year ago. EBITDA decreased by $3.6 million, to $230.4 million, from $234.0 million a year ago.

Danaos Corporation to Report Q3, 2014 Results on Oct 29, 2014

Danaos Corporation announced that they will report Q3, 2014 results After-Market on Oct 29, 2014

 

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Industry Analysis

DAC

Industry Average

Valuation DAC Industry Range
Price/Earnings 15.0x
Price/Sales 1.2x
Price/Book 0.9x
Price/Cash Flow 3.6x
TEV/Sales NM Not Meaningful
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