DANAOS CORPORATION

(DAC)
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Delayed Nyse  -  05/19 04:00:02 pm EDT
78.68 USD   +5.61%
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 Enters into Agreement to Acquire Six 5,466 TEU Eco-Design Wide Beam Container Vessels

07/14/2021 | 08:03am EDT

Danaos Corporation announced that it has entered into an agreement to acquire six 5,466 TEU container vessels built at Hanjin Subic Bay shipyard en bloc for $260 million. The vessels, which have an average age of 6.8 years, are on time charter contracts to liner companies with a weighted average charter duration of approximately 2 years. The acquisition will increase the company's contracted revenue by approximately $71 million and the company's contracted EBITDA by approximately $39 million in total and will be funded by cash at hand, although the company is evaluating debt financing alternatives to finance part of the purchase price. The acquired vessels, which are expected to be gradually delivered to the company by the end of the third quarter of 2021, are eco-design wide beam vessels with improved fuel consumption and load efficiency characteristics when compared to conventional designs.


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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
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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 914 M - -
Net income 2022 444 M - -
Net Debt 2022 689 M - -
P/E ratio 2022 3,48x
Yield 2022 4,03%
Capitalization 1 543 M 1 543 M -
EV / Sales 2022 2,44x
EV / Sales 2023 1,74x
Nbr of Employees 4
Free-Float 9,39%
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Mean consensus BUY
Number of Analysts 4
Last Close Price 74,50 $
Average target price 122,50 $
Spread / Average Target 64,4%
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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
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