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Danaos Corporation - DAC STOCK NEWS

Welcome to our dedicated news page for Danaos Corporation (Ticker: DAC), a resource for investors and traders seeking the latest updates and insights on Danaos Corporation.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Danaos Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Danaos Corporation's position in the market.

News
Danaos Corporation Announces Availability of its Annual Report on Form 20-F for the Year Ended December 31, 2023
Rhea-AI Summary
Danaos Corporation (DAC) files Annual Report on Form 20-F for the year ended December 31, 2023, providing shareholders access to audited financial statements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.74%
Tags
none
-
News
Danaos Corporation Reports Results for the Fourth Quarter and Year Ended December 31, 2023
Rhea-AI Summary
Danaos Corporation (DAC) reported unaudited financial results for Q4 and the year ended Dec 31, 2023. Operating revenues decreased slightly, net income was $149.9 million for Q4 2023. The company completed the acquisition of a 7th Capesize bulk carrier, with plans for more acquisitions and newbuildings. Danaos repurchased shares and declared a dividend of $0.80 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.82%
Tags
earnings
-
News
Danaos Corporation Announces Date for the Release of Fourth Quarter 2023 Results, Conference Call and Webcast
Rhea-AI Summary
Danaos Corporation (NYSE: DAC) will release its Q4 2023 results on February 13, 2024, followed by a conference call on February 14, 2024. The company is one of the largest independent owners of containerships. Participants can join the conference call using the provided dial-in numbers, and a replay will be available until February 21, 2024. A live audio webcast will also be accessible through the Danaos Corporation website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.58%
Tags
earnings
News
Danaos Corporation Reports Third Quarter and Nine Months Ended September 30, 2023
Rhea-AI Summary
Danaos Corporation (NYSE: DAC) Reports Unaudited Financial Results for Q3 2023, Including Adjusted Net Income of $143.0M, and Declares a Dividend of $0.80 per Share. The company also reached an agreement to acquire 2 Capesize bulk carriers and has a total contracted revenue backlog of $2.5B as of September 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.47%
Tags
none
-
News
Danaos Corporation Announces Date for the Release of Third Quarter 2023 Results, Conference Call and Webcast
Rhea-AI Summary
Danaos Corporation will release its Q3 2023 results on November 13 and host a conference call on November 14 to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.08%
Tags
earnings
-
News
Danaos Corporation Reports Second Quarter and Half Year Results for the Period Ended June 30, 2023
Rhea-AI Summary
Danaos Corporation reported unaudited results for Q2 and H1 2023. Adjusted net income for Q2 2023 was $143.4 million, a decrease of $13.7 million compared to Q2 2022. Net income for Q2 2023 was $147.0 million, an increase of $138.8 million compared to Q2 2022. Adjusted EBITDA for Q2 2023 was $177.3 million, a decrease of $14.8 million compared to Q2 2022. Cash and cash equivalents were $293.3 million as of June 30, 2023. Danaos has repurchased 1,080,547 shares of its common stock. Danaos entered into contracts for the construction of two containerships. Danaos reached an agreement to acquire 5 Capesize bulk carriers. Contracted revenue backlog increased to $2.5 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.06%
Tags
none
News
Danaos Corporation Announces Date for the Release of Second Quarter 2023 Results, Conference Call and Webcast
Rhea-AI Summary
Danaos Corporation will release its Q2 2023 results on August 7, 2023. A conference call will be held to discuss the results at 9:00 A.M. ET. A telephonic replay and an archived version of the audio webcast will be available.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.48%
Tags
earnings
-
News
Danaos Corporation Delivers Letter to Eagle Bulk Shipping Board of Directors
Rhea-AI Summary
Danaos Corporation, the largest shareholder of Eagle Bulk Shipping, has expressed serious concerns about the company's recent decisions. They believe that the debt-financed share repurchase and adoption of a poison pill expose shareholders to unnecessary risks. Danaos questions the benefits of the share repurchase and preferential treatment given to Oaktree Capital, as well as the fairness of the price offered. They also raise doubts about the true rationale behind the adoption of the poison pill and its impact on shareholders. Danaos is committed to working with the board to enhance shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.09%
Tags
management
-
News
Danaos Corporation Announces Retirement of Mr. Iraklis Prokopakis, Senior Vice President and Chief Operating Officer of Danaos Corporation
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.58%
Tags
none
News
Danaos Corporation Reports First Quarter Results for the Period Ended March 31, 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.58%
Tags
earnings
Stock DAC logo
Danaos Corporation

NYSE:DAC

DAC Rankings

#2118 Ranked by Market Cap
#1041 Ranked by Stock Gains
#794 Ranked by Dividends

DAC Stock Data

1.48B
9.96M
48.72%
20.64%
2.68%
Deep Sea Freight Transportation
Transportation and Warehousing
Link
United States of America
Peiraias

About DAC

danaos corporation, together with its subsidiaries, owns and operates containerships in australia, asia, europe, and the united states. the company offers seaborne transportation services, such as chartering its vessels to liner companies. as of october 12, 2020, it had a fleet of 63 containerships aggregating 385,769 twenty foot equivalent units in capacity. the company was formerly known as danaos holdings limited and changed its name to danaos corporation in october 2005. danaos corporation was founded in 1972 and is based in piraeus, greece.