For its third fiscal quarter (ending September 30), Danaos Corp (NYSE: DAC) has reported a 105% increase in E.P.S. from $3.29 a year ago to $6.76 in the current quarter. However, this result fell short of the consensus estimate of $7.36 by $-0.60. For the latest four quarters through September 30, E.P.S. were $28.82 versus $27.92 for the same period a year ago — an increase of 3%.
Recent Price Action
Danaos Corp (NYSE: DAC) stock declined slightly by -0.09% on 11/13/23. The stock closed at $63.34. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -4.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, DAC is expected to continue to be an important Value Builder.
Danaos has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Danaos has a very high Power Rating of 90 and a very high Appreciation Score of 98, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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