<div id="readability-page-1"><p>Danaos (NYSE:DAC - Get Free Report) announced its quarterly earnings data on Monday. The shipping company reported $6.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $7.17 by ($0.42), Zacks reports. Danaos had a net margin of 44.62% and a return on equity of 13.88%.</p><h2>Danaos Trading Up 1.0%</h2><ul><li>Spotlight on ZIM: Take Advantage of Shipping Stock Upside</li></ul><p>Shares of NYSE:DAC traded up $0.91 on Monday, hitting $95.52. The company had a trading volume of 71,865 shares, compared to its average volume of 86,342. Danaos has a 1 year low of $65.40 and a 1 year high of $96.47. The company has a quick ratio of 5.21, a current ratio of 5.36 and a debt-to-equity ratio of 0.20. The firm's 50-day simple moving average is $90.56 and its two-hundred day simple moving average is $89.33. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 3.94 and a beta of 1.49. </p><h2>Institutional Inflows and Outflows</h2><p>Several institutional investors have recently made changes to their positions in DAC. Qube Research &amp; Technologies Ltd purchased a new position in shares of  Danaos in the 3rd quarter valued at approximately $1,329,000.  Public Employees Retirement System of Ohio raised its holdings in  Danaos by 557.2% in the third quarter. Public Employees Retirement System of Ohio now owns 2,149 shares of the shipping company's stock worth $193,000 after purchasing an additional 1,822 shares in the last quarter.  Millennium Management LLC lifted its position in  Danaos by 161.8% during the third quarter. Millennium Management LLC now owns 133,401 shares of the shipping company's stock valued at $11,981,000 after buying an additional 82,450 shares during the period.  Bank of America Corp DE boosted its holdings in shares of  Danaos by 20.3% during the 3rd quarter. Bank of America Corp DE now owns 69,270 shares of the shipping company's stock valued at $6,221,000 after buying an additional 11,672 shares in the last quarter.  Finally, Aquatic Capital Management LLC boosted its holdings in shares of  Danaos by 18.4% during the 3rd quarter. Aquatic Capital Management LLC now owns 5,390 shares of the shipping company's stock valued at $484,000 after buying an additional 837 shares in the last quarter. Institutional investors own  19.01% of the company's stock. </p><h2>Analyst Upgrades and Downgrades</h2><ul><li>Danaos Benefits from Increasing Demand in Container Shipping</li></ul><p>DAC has been the subject of a number of analyst reports. Jefferies Financial Group  reissued a &#34;buy&#34; rating and set a $105.00 price objective on shares of Danaos in a research note on Tuesday, August 5th. Weiss Ratings  reissued a &#34;buy (b)&#34; rating on shares of Danaos in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating,  According to MarketBeat.com, the stock presently has a consensus rating of &#34;Buy&#34; and an average price target of $105.00.</p><p><b>Get Our Latest Stock Analysis on Danaos</b></p><h2>About Danaos</h2> (Get Free Report)<ul><li>  ZIM Shipping  Stock Forecast,  Earnings Triggers a Buy</li></ul><p>Danaos Corporation, together with its subsidiaries, provides container and drybulk vessels services in Australia, Asia, and Europe. The company offers seaborne transportation services by operating vessels in the containership and drybulk sectors of the shipping industry. As of April 03, 2024, it had a fleet of 68 containerships aggregating 421,293 twenty-foot equivalent units in capacity.</p><h2>See Also</h2><ul><li>Five stocks we like better than Danaos</li><li>What is a Low P/E Ratio and What Does it Tell Investors?</li><li>How Does D-Wave Stack Up to Quantum Rivals After Earnings Season?</li><li>How to find penny stocks to invest and trade </li><li>Buffett Trims Apple, Bets Big on Alphabet Ahead of Retirement</li><li>Utilities Stocks Explained – How and Why to Invest in Utilities</li><li>3 Energy Giants Amp Up Dividends—Here’s What It Means for Investors</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPURBQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPURBQw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Danaos Right Now?</h2><p>Before you consider Danaos, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Danaos wasn't on the list.</p><p>While Danaos currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Danaos Corporation reported quarterly earnings of $6.75 per share, missing analysts' expectations of $7.17. The company achieved a net margin of 44.62% and a return on equity of 13.88%. Despite the earnings miss, shares rose 1.0% to $95.52. Analysts maintain a 'Buy' rating with a price target of $105.00. Institutional investors have increased their holdings in Danaos, which operates 68 containerships globally.</p>

Danaos (NYSE:DAC) Issues Quarterly Earnings Results