Danaos (NYSE:DAC) Earning Positive News Coverage, Study Finds

News stories about Danaos (NYSE:DAC) have been trending positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Danaos earned a coverage optimism score of 0.26 on Accern’s scale. Accern also assigned press coverage about the shipping company an impact score of 46.3182859641967 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Danaos (DAC) remained flat at $$1.50 on Monday. 192,000 shares of the company’s stock traded hands, compared to its average volume of 57,133. The company has a market cap of $168.27, a PE ratio of -0.40 and a beta of 1.31. Danaos has a 12-month low of $1.25 and a 12-month high of $3.20.

Danaos (NYSE:DAC) last announced its quarterly earnings results on Monday, October 30th. The shipping company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. The business had revenue of $113.59 million for the quarter, compared to analysts’ expectations of $107.58 million. Danaos had a negative net margin of 85.72% and a positive return on equity of 21.68%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.21 EPS. research analysts forecast that Danaos will post 0.74 EPS for the current fiscal year.

Several equities analysts have recently issued reports on the stock. ValuEngine downgraded shares of Danaos from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research raised shares of Danaos from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Finally, Jefferies Group initiated coverage on shares of Danaos in a research report on Monday, December 18th. They set a “hold” rating and a $3.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus price target of $3.00.

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About Danaos

Danaos Corporation is a holding company and an international owner of containerships, chartering its vessels to a range of liner companies. The Company’s principal business is the acquisition and operation of vessels. The Company conducts its operations through the vessel owning companies, whose principal activity is the ownership and operation of containerships that are under the management of a related party of the company.

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