DANAOS CORPORATION

(DAC)
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Delayed Nyse  -  05/23 04:00:02 pm EDT
82.79 USD   +1.42%
05/17TRANSCRIPT : Danaos Corporation, Q1 2022 Earnings Call, May 17, 2022
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05/16DANAOS : Q1 Earnings Snapshot
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05/16Danaos Posts Higher Q1 Earnings, Revenue
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Danaos Corporation Announces $1 Billion in Incremental Contracted Revenues and Sale Proceeds Through New Charter Arrangements for 11 Vessels and the Agreement to Sell 2 Vessels

01/18/2022 | 07:31am EDT

Danaos Corporation announced that it has entered into new charter arrangements for 11 of its vessels ranging between 2,500 to 10,000 TEU with major liner companies, that significantly improve cash flow visibility and charter coverage. These charters, which have a revenue weighted average contract duration of 4.7 years commence on the expiration of the vessels’ existing charters between February 2022 and April 2023 and extend up to May 2028. The new charters increase the Company’s contracted revenue backlog by approximately $870 million, or by approximately $700 million in contracted EBITDA. Inclusive of these charters, total contracted operating revenue was $2.8 billion as of December 31, 2021, with a remaining average contracted charter duration of four years, weighted by aggregate contracted charter revenue. Additionally, contract coverage in terms of operating days is now 95% for 2022, 77% for 2023 and 57% for 2024.


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All news about DANAOS CORPORATION
05/17TRANSCRIPT : Danaos Corporation, Q1 2022 Earnings Call, May 17, 2022
CI
05/16DANAOS : Q1 Earnings Snapshot
AQ
05/16Danaos Posts Higher Q1 Earnings, Revenue
MT
05/16Earnings Flash (DAC) DANAOS CORPORATION Posts Q1 Revenue $229.9M, vs. Street Est of $19..
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05/16Earnings Flash (DAC) DANAOS CORPORATION Posts Q1 EPS $11.36, vs. Street Est of $6.11
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05/16Danaos Corporation Reports First Quarter Results for the Period Ended March 31, 2022
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05/16Danaos Corporation Declares Dividend for the First Quarter of 2022, Payable on June 8, ..
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05/16Danaos Corporation Reports Earnings Results for the First Quarter Ended March 31, 2022
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05/16EARNINGS REACTION HISTORY : Danaos Corporation, 66.7% Follow-Through Indicator, 6.4% Sensi..
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05/09Danaos Corporation Announces Date for the Release of First Quarter 2022 Results, Confer..
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Analyst Recommendations on DANAOS CORPORATION
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Financials (USD)
Sales 2022 874 M - -
Net income 2022 446 M - -
Net Debt 2022 689 M - -
P/E ratio 2022 3,87x
Yield 2022 3,62%
Capitalization 1 715 M 1 715 M -
EV / Sales 2022 2,75x
EV / Sales 2023 1,92x
Nbr of Employees 4
Free-Float 9,39%
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Mean consensus BUY
Number of Analysts 4
Last Close Price 82,79 $
Average target price 122,50 $
Spread / Average Target 48,0%
EPS Revisions
Managers and Directors
John Coustas Chairman, President & Chief Executive Officer
Evangelos Chatzis Chief Financial Officer & Secretary
Dimitris Vastarouchas Technical Director & Deputy COO
Iraklis Prokopakis COO, Treasurer, Director & Senior Vice President
Myles R. Itkin Independent Director
Sector and Competitors