Danaos Corp (NYSE: DAC) has reported earnings for its second fiscal quarter (ending June 30) of $7.30 versus $7.32 for the same period a year ago — a decline of -0%. Relative to the consensus estimate of $7.04, this was a premium of $0.26. For the latest four quarters through June 30, E.P.S. were $29.54 compared to $25.34 a year ago — an increase of 17%.
Recent Price Action
Danaos Corp (NYSE: DAC) stock closed at $81.36 on 8/5/24 after a slight decline of -0.9%. Moreover, this decline was accompanied by unusually high trading volume at 181% of normal. The stock has declined -3.0% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, DAC is expected to continue to be a modest Value Builder.
Danaos has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Danaos has a very high Power Rating of 90 and a very high Appreciation Score of 97, producing 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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