에 대한 최신 뉴스 Danaos (NYSE:DAC) 주식

Danaos

Danaos Corp is an international owner of containerships. It provides international seaborne transportation services by operating vessels in the containership sector of the shipping industry. The company's customers include, HMM, MSC, Yang Ming, Hapag Lloyd, ZIM, Maersk, COSCO, OOCL, ONE, PIL, Sealead, Niledutch, Samudera, OSC, and Arkas. Geographically, the company operates in Australia-Asia, Europe, and America, with maximum revenue from the Australia-Asia region. It has two reporting segments Container vessels and Drybulk vessels segment. It generates the majority of its revenue from Container vessels.

Cargo,Container,Ship,,Cargo,Vessel,Ship,Carrying,Container,And,Running

Global

Markets

ESEA

소매업체들이 미국 항구에서 파업 조치를 앞두고 재고를 보충하려고 함에 따라 미국으로 향하는 대서양 횡단 컨테이너 운송량이 다시 증가하고 있다.

美 항구 파업 가능성에 대서양 횡단 컨테이너 운송량 증가, 컨테이너 선사들 주가 상승

Danaos Corp

DAICEL CHEM INDUS LTD ORD by Daicel Chemical Industries Ltd.

Daicel Corp

Osaka Soda Co Ltd

Dacxi

DAC TECHS GROUP INTL INC by DAC Technologies Group International, Inc.

DAC Technologies Group International Inc

DACHAN FOOD ASIA LIMITED by DACHAN FOOD ASIA LIMITED

Dacian Gold Ltd

Dacotah Banks Inc

The Company has already executed on share repurchases of approximately $196 million out of the $200 million existing share repurchase program that is now being upsized to a total of $300 million.&nbsp;

News

Buybacks

Danaos Expands Share Buyback Program To $300M With $100M Boost After Repurchasing $196M

WIIM

BOAT

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Shares of shipping companies are trading higher. The Trump administration issued an executive order to create a maritime action plan.

In the current session, Danaos Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAC#NYSE">DAC</a>) is trading at $66.47, after a 3.58% drop. Over the past month, the stock fell by 17.30%, and in the past year, by 9.12%. With performance like this, long-term shareholders are more likely to start looking into the company's price-to-earnings ratio. 

<img src="https://www.benzinga.com/files/images/story/2025/1744146027_0_0.png" alt="Past Year Chart" />

<h3>A Look at Danaos P/E Relative to Its Competitors</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of the 16.17 in the Marine Transportation industry, Danaos Inc. has a lower P/E ratio of 2.65. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2025/1744146027_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Intraday Update

Price Over Earnings Overview: Danaos

Jefferies analyst Omar Nokta maintains Danaos (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAC#NYSE">DAC</a>) with a Buy and maintains $105 price target.

Price Target

Analyst Ratings

Jefferies Maintains Buy on Danaos, Maintains $105 Price Target

Danaos (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAC#NYSE">DAC</a>) reported quarterly earnings of $6.93 per share which beat the analyst consensus estimate of $6.64 by 4.37 percent. This is a 0.86 percent decrease over earnings of $6.99 per share from the same period last year. The company reported quarterly sales of $258.179 million which missed the analyst consensus estimate of $261.559 million by 1.29 percent. This is a 3.56 percent increase over sales of $249.315 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Danaos Q4 2024 Adj. EPS $6.93 Beats $6.64 Estimate, Sales $258.179M Miss $261.559M Estimate

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• Hain Celestial Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAIN#NASDAQ">HAIN</a>) is likely to report quarterly earnings at $0.12 per share on revenue of $431.01 million. 
• Monday.Com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDY#NASDAQ">MNDY</a>) is expected to report quarterly earnings at $0.79 per share on revenue of $261.34 million. 
• Tower Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSEM#NASDAQ">TSEM</a>) is expected to report quarterly earnings at $0.53 per share on revenue of $387.09 million. 
• Edgewell Personal Care (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPC#NYSE">EPC</a>) is projected to report quarterly earnings at $0.12 per share on revenue of $480.16 million. 
• McDonald's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) is estimated to report quarterly earnings at $2.86 per share on revenue of $6.48 billion. 
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• CSP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSPI#NASDAQ">CSPI</a>) is estimated to report earnings for its first quarter. 
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• Motorcar Parts of America (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPAA#NASDAQ">MPAA</a>) is projected to report quarterly earnings at $0.43 per share on revenue of $179.50 million. 
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• Insperity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSP#NYSE">NSP</a>) is estimated to report quarterly earnings at $0.02 per share on revenue of $1.60 billion. 
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• Rockwell Automation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROK#NYSE">ROK</a>) is likely to report quarterly earnings at $1.67 per share on revenue of $1.88 billion. 
• PowerFleet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIOT#NASDAQ">AIOT</a>) is estimated to report quarterly earnings at $0.05 per share on revenue of $99.43 million. 
• ON Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) is expected to report quarterly earnings at $0.98 per share on revenue of $1.76 billion. 
• Alexander's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALX#NYSE">ALX</a>) is estimated to report quarterly earnings at $3.71 per share on revenue of $55.20 million. 
• Loews (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/L#NYSE">L</a>) is expected to report earnings for its fourth quarter. 
• CNA Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNA#NYSE">CNA</a>) is expected to report quarterly earnings at $1.21 per share on revenue of $3.62 billion. 
• ORIX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IX#NYSE">IX</a>) is estimated to report earnings for its third quarter. 
<h3>Companies Reporting After The Bell</h3>
• Arch Capital Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACGL#NASDAQ">ACGL</a>) is expected to report quarterly earnings at $1.80 per share on revenue of $3.95 billion. 
• RCI Hospitality Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RICK#NASDAQ">RICK</a>) is projected to report quarterly earnings at $0.00 per share on revenue of $81.82 million. 
• Ark Restaurants (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARKR#NASDAQ">ARKR</a>) is expected to report earnings for its first quarter. 
• Compass Minerals Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMP#NYSE">CMP</a>) is projected to report earnings for its first quarter. 
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• Cresud SACIF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRESY#NASDAQ">CRESY</a>) is likely to report earnings for its second quarter. 
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For February 10, 2025

Danaos (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAC#NYSE">DAC</a>) reported quarterly earnings of $6.50 per share which missed the analyst consensus estimate of $6.77 by 3.99 percent. The company reported quarterly sales of $256.176 million which beat the analyst consensus estimate of $247.115 million by 3.67 percent. This is a 7.09 percent increase over sales of $239.215 million the same period last year.

Danaos Q3 2024 Adj. EPS $6.50 Misses $6.77 Estimate, Sales $256.176M Beat $247.115M Estimate

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Avadel Pharmaceuticals plc - American Depositary Shares each representing one Ordinary Share

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The Beachbody Company, Inc. Class A Common Stock

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Earnings Scheduled For November 12, 2024

Possible labor strikes at U.S. East and Gulf coast ports and Canadian railways may lead to volatility in <a href="https://www.benzinga.com/news/global/24/08/40451543/transatlantic-container-shipping-volumes-rise-as-possible-strike-at-u-s-ports-hovers">container freight rates</a> by causing supply-chain disruptions for the container industry and cargo owners, according to an industry expert.
&#8220;With the looming strikes at Canadian railways and U.S. ports, we may see an immediate uptick in freight rates as market participants brace for significant disruptions,&#8221; said Christian Roeloffs, CEO of German online container marketplace Container xChange.
Read Also: <a href="https://www.benzinga.com/top-stories/24/07/39964809/stock-of-the-day-reversal-for-sfl-corp-why-investors-are-concerned">Stock Of The Day: Reversal For SFL Corp? Why Investors Are Concerned</a>
&#8220;The possibility of simultaneous strikes at U.S. ports and Canadian railways present a perfect storm for North American trade.&#8221;
Canadian&nbsp;National&nbsp;Railway and&nbsp;Canadian&nbsp;Pacific Kansas City plan to lock out thousands of rail workers on Thursday if they cannot reach labor agreements with the Teamsters Canada Rail Conference, Reuters reported.
The Teamsters issued a 72-hour strike notice on Sunday to CPKC ahead of the company's lockout notice.
Meanwhile, the International Longshoreman Association, which represents 45,000 dockworkers at three dozen U.S. ports, plans to go on strike on Oct. 1 if it does not sign a new labor contract with the U.S. Maritime Alliance by that date.
Price Action: Container leasing and container liner stocks saw gains and losses on Wednesday.
<ul>
<li>Triton International Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRTN#NYSE">TRTN</a>) was down 0.53% to close at $26.18</li>
<li>Euroseas Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESEA#NASDAQ">ESEA</a>) declined 4.98% to $45.42.</li>
<li>Global Ship Lease, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSL#NYSE">GSL</a>) slipped 0.87% to $26.17</li>
<li>Matson, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>) picked up 2.09% to $133.73</li>
<li>Danaos Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAC#NYSE">DAC</a>) declined 0.90% to $82.36</li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/markets/asia/24/06/39323886/new-chinese-megaport-roils-us-trading-influence-with-south-america">New Chinese Megaport Roils US Trading Influence With South America</a></li>
</ul>
Photo: Shutterstock

MATX

TRTN

Strikes At US Ports, Canada's Railways May Cause Container Freight Rate Volatility

Transatlantic container shipping volumes into the U.S. are <a href="https://www.benzinga.com/news/earnings/24/08/40439449/why-is-israel-based-cargo-shipping-company-zim-integrated-stock-surging-today">making a comeback </a>as U.S. retailers look to replenish inventories ahead of possible strike action at U.S. ports.
&#8220;There is some temptation by customers to bring in goods ahead of the labor contract expiry on Sept. 30,&#8221; Hapag-Lloyd CEO Rolf Habben Jansen said in an online news briefing, Reuters reported.
Hapag-Lloyd is the world&#8217;s fifth-largest container liner.
Freight sector analysts are closely following contract talks between cargo worker unions and port managers in case the September deadline is missed and a strike becomes imminent.
Retailers have also put in their orders sooner as they expect their goods to take longer trips around Africa to avoid Houthi-led attacks in the Red Sea, Hansen said.
Read Also: <a href="https://www.benzinga.com/government/24/03/37969025/baltimore-bridge-ship-collisions-not-uncommon-5-more-u-s-fatal-accidents">Baltimore Bridge: Ship Collisions Not Uncommon — 5 More Fatal Accidents In US</a>
This jump in ordering by U.S. retailers can be good news for several other liner operators that ship goods across the Atlantic basin to the U.S., such as Euroseas Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESEA#NASDAQ">ESEA</a>), Global Ship Lease Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSL#NYSE">GSL</a>) and Danaos Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAC#NYSE">DAC</a>).
This good news for container shipping comes as ZIM Integrated Shipping Services Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) posted very strong second-quarter earnings on Monday by capitalizing on transpacific trade into the U.S.
The company&#8217;s average freight rate for a 20-foot container came in at $1,674 for the second quarter, up from $1,193 for the same period last year. ZIM carried 952,000 20-foot containers in the quarter, up from 860,000 such containers a year ago.
ZIM posted earnings per share of $3.08 for the quarter, blowing away analyst EPS consensus of $1.79. Second-quarter revenue totaled $1.933 billion, up from $1.31 billion a year earlier.
Price Actions: Container shipping stocks trended upward on Monday.
<ul>
<li>ZIM jumped 16.74% to close at $22.25</li>
<li>Euroseas gained 6.36% to finish the day at $47.02</li>
<li>Global Ship Lease rose 1.26% to $27.24</li>
<li>Danaos picked up 2% to $84.23</li>
</ul>
Read Now: • <a href="https://www.benzinga.com/markets/equities/24/03/37961583/tesla-gm-ford-supply-chain-concerns-baltimore-port-closure-going-to-have-an-impact">Tesla, GM, Ford Supply Chain Concerns: Baltimore Port Closure &#8216;Going To Have An Impact&#8217;</a>
Photo: Shutterstock

Transatlantic Container Shipping Volumes Rise As Possible Strike At U.S. Ports Hovers

Danaos (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAC#NYSE">DAC</a>) reported quarterly earnings of $6.78 per share which missed the analyst consensus estimate of $7.28 by 6.87 percent. This is a 5.04 percent decrease over earnings of $7.14 per share from the same period last year. The company reported quarterly sales of $246.306 million which beat the analyst consensus estimate of $239.479 million by 2.85 percent. This is a 2.00 percent increase over sales of $241.479 million the same period last year.

Danaos Q2 2024 Adj. EPS $6.78 Misses $7.28 Estimate, Sales $246.306M Beat $239.479M Estimate

Costamare (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cmre#NYSE">CMRE</a>) is scheduled to release second-quarter 2024 results on Jul 31, before market open.
The Zacks Consensus Estimate for the to-be-reported quarter&#39;s earnings and revenues is pegged at 72 cents per share and $380.41 million, respectively.
The earnings estimate for the to-be-reported quarter has declined 6.5% over the past 60 days. The bottom-line projection indicates year-over-year growth of 28.6%. The Zacks Consensus Estimate for quarterly revenues suggests a year-over-year increase of 3.5%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/83/72671.jpg?v=212180967" style="border-style:solid; border-width:1px; height:310px; width:600px" />
Image Source: Zacks Investment Research
CMRE has an impressive earnings surprise history, as reflected in the chart below.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/14/72672.jpg?v=323184082" style="border-style:solid; border-width:1px; height:310px; width:600px" />
Image Source: Zacks Investment Research 
Earnings Whispers for Q2
Our proven model does not conclusively predict an earnings beat for Costamare this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That&#39;s not the case here.
CMRE has an Earnings ESP of 0.00% and a Zacks Rank #3.
<h3>Factors Likely to Shape CMRE&#39;s Q2 Results</h3>
We expect CMRE&#39;s second-quarter bottom-line performance to have been affected by higher vessel operating expenses, mainly due to the increased average number of vessels in its fleet. High fuel costs are likely to have shot up total expenses.
With the normalization of economic activities, world trade has gathered pace, which is a positive for shipping stocks like Costamare. This is because the shipping industry is responsible for transporting a high proportion of goods involved in world trade.
Bullishness surrounding the containership market is a tailwind for Costamare. A ramp-up of manufacturing activities in Asia aids the containership market besides other factors. Favorable market conditions in the dry bulk sector are also likely to have aided CMRE&#39;s performance in the to-be-reported quarter. Factors like a build-up of iron ore inventories in China have resulted in higher capesize freight rates.
<h3>Price Performance &amp; Valuation</h3>
Costamare, one of the leading owners and providers of containerships and dry bulk vessels for charter across the globe, has gained in excess of 35% on a year-to-date basis, outperforming not only its industry but also other shipping companies like Danaos Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dac#NYSE">DAC</a>) and Frontline plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fro#NYSE">FRO</a>).
<h3>YTD Price Comparison</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/06/72674.jpg?v=1863324505" style="border-style:solid; border-width:1px; height:310px; width:600px" />
Image Source: Zacks Investment Research
From a valuation perspective, Costamare is trading at a discount compared to the industry going by its price/sales ratio. The reading is also below its median over the last five years. The company has a Value Score of A.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/bf/72675.jpg?v=260708522" style="border-style:solid; border-width:1px; height:310px; width:600px" />
Image Source: Zacks Investment Research
<h3>Investor Considerations</h3>
The company&#39;s dry bulk and containership fleets are being aided by the ongoing Red Sea tensions. Reduced container availability due to the Red Sea tensions has resulted in a rise in freight costs. Costamare has been benefiting from the surge in dry bulk rates. Lower capacity is expected to boost earnings. Rates are likely to remain high for quite some time, which should aid Costamare.
CMRE&#39;s focus on fleet modernization and leasing is also impressive. The significant amount of contract coverage generated by CMRE lowers its exposure to shipping market volatility. The fleet renewal strategy improves operational efficiency. Even though CMRE&#39;s future looks bright, one should be mindful of headwinds like high vessel operating costs and fuel expenses apart from the escalated debt load.
<h3>Final Thoughts</h3>
Given the abovementioned headwinds, we believe that investors should refrain from rushing to buy CMRE before Wednesday despite it being attractively valued and having a lot in its favor. Instead, they should monitor the developments pertaining to the stock closely for a more appropriate entry point, as an erroneous and hasty decision could affect portfolio gains. If an investor already holds CMRE stock in his/her portfolio, sit tight, as the upcoming earnings report is likely to confirm the company&#39;s strong performance.
<a href="https://www.zacks.com/stock/news/2311048/should-you-buy-costamare-cmre-stock-ahead-of-q2-earnings?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2311048">To read this article on Zacks.com click here.</a>

Small Cap

Trading Ideas

Should You Buy Costamare Stock Ahead of Q2 Earnings?

CTRM

SHIP

STNG

Shares of shipping and tanker stocks are trading lower amid reported hopes of an Israel-Hamas ceasefire, which could ease Red Sea uncertainty and pressure freight rates.

Jefferies analyst Omar Nokta maintains Danaos (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAC#NYSE">DAC</a>) with a Buy and raises the price target from $90 to $105.

Jefferies Maintains Buy on Danaos, Raises Price Target to $105

Danaos Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAC#NYSE">DAC</a>) shares are trading lower after it reported<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/b39035638/danaos-corporation-reports-first-quarter-results-for-period-ended-march-31-2024" rel="noreferrer noopener">&nbsp;first-quarter FY24 results</a>.
Operating revenues increased by 4.0% Y/Y to $253.4 million, missing the consensus of $256.0 million.
Vessel operating expenses increased by $2.5 million to $43.1 million in the quarter due to an increase in the average number of vessels in the fleet due to recent dry bulk&nbsp;vessels&nbsp;acquisitions.
Adjusted EBITDA declined to $177.2 million from $179.0 million a year ago. Adjusted EPS of $7.15 missed <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">the consensus of $7.74</a>.
In the quarter, Danaos had an average of 68.0 container vessels and 7.0 Capesize&nbsp;drybulk&nbsp;vessels.&nbsp;
As of March-end, the container&nbsp;vessels&nbsp;utilization stood at 97.3%,&nbsp;higher&nbsp;than 96.8% a year ago quarter, led by decreased days of scheduled dry-docking of the vessels.
In the quarter, the company secured multi-year chartering agreements for all of its 14&nbsp;newbuildings&nbsp;and added around $423 million to its contracted revenue backlog, which currently stands at $2.5 billion with an average charter duration of 2.9 years.
Dividend: Danaos declared a dividend per share of $0.80 for the first quarter of 2024, payable on June 20 to stockholders of record as of June 11.
Buyback: As&nbsp;of the date&nbsp;of this release, Danaos repurchased shares worth $104.4 million under its share repurchase program of up to $200&nbsp;million&nbsp;announced in June 2022, as amended on November 10, 2023.
The&nbsp;company&#8217;s&nbsp;contracted operating&nbsp;days&#8217;&nbsp;charter coverage for the containership fleet is&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">99% for 2024 and 69% for 2025</a>.
As of March-end,&nbsp;Danaos&#8217;s&nbsp;cash and equivalents were $324.3 million.
John Coustas, CEO, said,&nbsp;&#8220;The container market continued to strengthen in the first quarter of 2024, a trend that has continued into the second quarter. Both charter and box rates are gaining momentum, and we have completed all necessary rechartering activity&nbsp;in excess of&nbsp;our internal forecasts.&#8221;
&#8220;The renewed optimism in the market extends to the longer term view of the charterers, who are making charter commitments on newbuilding vessels with deliveries scheduled from 2025 through the end of 2027.&#8221;
Price Action:&nbsp;DAC shares&nbsp;are&nbsp;down 1.93% at $88.84&nbsp;at the last check Tuesday.

Equities

Danaos Navigates Rough Waters: Q1 Earnings Fall Short Despite Revenue Growth And Strategic Expansions

Danaos (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAC#NYSE">DAC</a>) reported quarterly earnings of $7.15 per share which missed the analyst consensus estimate of $7.74 by 7.62 percent. The company reported quarterly sales of $253.449 million which missed the analyst consensus estimate of $256.000 million by 1.00 percent. This is a 4.05 percent increase over sales of $243.574 million the same period last year.

Danaos Q1 2024 Adj EPS $7.15 Misses $7.74 Estimate, Sales $253.449M Miss $256.000M Estimate

As of May 28, 2024, five stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">FREYR Battery, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FREY#NYSE">FREY</a>)</h3>
<ul>
<li>On May 22, FREYR Battery announced that it completed its first production trial of unit cells using the full capabilities of the Casting and Unit Cell Assembly at the Customer Qualification Plant. The company's stock gained around 26% over the past five days and has a <a href="https://www.benzinga.com/quote/FREY">52-week high of $10.10</a>.</li>
<li>RSI Value: 70.13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>FREY Price Action: Shares of FREYR Battery rose 17.3% to close at $2.58 on Friday.</li>
<li><a href="https://pro.benzinga.com/dashboard">Benzinga Pro&#8217;s real-time newsfeed</a> alerted to latest FREYR news.</li>
</ul>
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/pro/"><img loading="lazy" decoding="async" width="1024" height="323" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/29080425/pro2-1024x323.png" alt="" class="wp-image-360732" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/29080425/pro2-1024x323.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/29080425/pro2-300x95.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/29080425/pro2-768x243.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/29080425/pro2-1536x485.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/29080425/pro2.png 1555w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
<h3 class="wp-block-heading">Redwire Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDW#NYSE">RDW</a>)</h3>
<ul>
<li>On May 8, Redwire reported better-than-expected first-quarter sales. &#8220;During the first quarter we executed on our 2024 growth strategy as planned, resulting in both record revenue of $87.8 million and positive Adjusted EBITDA,&#8221; stated Peter Cannito, Chairman and Chief Executive Officer of Redwire. &#8220;We&#8217;ve started the year strong with many large, transformative opportunities in the pipeline.&#8221; The company's stock gained around 32% over the past month and<a href="https://www.benzinga.com/quote/RDW"> has a 52-week </a>high of $5.11.</li>
<li>RSI Value: 70.07</li>
<li>RDW Price Action: Shares of Redwire rose 5.2% to close at $5.03 on Friday.</li>
<li><a href="https://pro.benzinga.com/dashboard">Benzinga Pro&#8217;s charting tool</a> helped identify the trend in Redwire&#8217;s stock.</li>
</ul>
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/pro/"><img loading="lazy" decoding="async" width="1024" height="580" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/29080441/pro3-1024x580.png" alt="" class="wp-image-360733" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/29080441/pro3-1024x580.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/29080441/pro3-300x170.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/29080441/pro3-768x435.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/29080441/pro3-1536x870.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/29080441/pro3.png 1548w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
<h3 class="wp-block-heading">Bloom Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>)</h3>
<ul>
<li>On May 24, Bloom Energy priced its upsized $350 million 3.00% green convertible senior notes offering due 2029. The company's stock gained around 30% over the past five days and has a <a href="https://www.benzinga.com/quote/BE">52-week high</a> of $18.76.</li>
<li>RSI Value: 71.98</li>
<li>BE Price Action: Shares of Bloom Energy gained 3.6% to close at $16.29 on Friday.</li>
<li><a href="https://pro.benzinga.com/dashboard">Benzinga Pro&#8217;s earnings calendar</a> was used to track Bloom Energy&#8217;s upcoming earnings report</li>
</ul>
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/pro/"><img loading="lazy" decoding="async" width="1024" height="354" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/29080532/pro4-1024x354.png" alt="" class="wp-image-360738" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/29080532/pro4-1024x354.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/29080532/pro4-300x104.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/29080532/pro4-768x266.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/29080532/pro4-1536x531.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/29080532/pro4.png 1547w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
<h3 class="wp-block-heading">Construction Partners, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROAD#NASDAQ">ROAD</a>)</h3>
<ul>
<li>On May 10, Construction Partners posted a narrower-than-expected quarterly loss. Fred J. (Jule) Smith, III, the Company&#8217;s President and Chief Executive Officer, said, &#8220;We are pleased to report a strong second quarter in the slowest winter quarter of our seasonal business, achieving year-over-year growth in revenue, gross profit and gross profit margin, Adjusted EBITDA and Adjusted EBITDA margin.&#8221; The company's stock jumped around 11% over the past five days and has a 52-week high is $61.45.</li>
<li>RSI Value: 72.14</li>
<li>ROAD Price Action: Shares of Construction Partners rose 5% to close at $61.44 on Friday.</li>
<li><a href="https://pro.benzinga.com/dashboard">Benzinga Pro&#8217;s signals</a> feature notified of a potential breakout in ROAD shares.</li>
</ul>
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/"><img loading="lazy" decoding="async" width="871" height="425" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/29080545/pro5-1.png" alt="" class="wp-image-360739" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/29080545/pro5-1.png 871w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/29080545/pro5-1-300x146.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/29080545/pro5-1-768x375.png 768w" sizes="(max-width: 871px) 100vw, 871px" /></a></figure>
<h3 class="wp-block-heading">Danaos Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAC#NYSE">DAC</a>)</h3>
<ul>
<li>Danaos is expected to release its results for the first quarter ended March 31, 2024, before the opening bell on Tuesday, May 28. The company's stock jumped around 18% over the past month and <a href="https://www.benzinga.com/quote/DAC">has a 52-week high</a> of $90.95.</li>
<li>RSI Value: 91.13</li>
<li>DAC Price Action: Shares of Danaos rose 2.7% to close at $90.59 on Friday.</li>
<li>Insider trades for Danaos were monitored <a href="https://pro.benzinga.com/dashboard">using Benzinga Pro.</a></li>
</ul>
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/pro/"><img loading="lazy" decoding="async" width="1024" height="447" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/29080558/pro6-1024x447.png" alt="" class="wp-image-360740" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/29080558/pro6-1024x447.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/29080558/pro6-300x131.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/29080558/pro6-768x335.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/29080558/pro6.png 1223w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read More: <a href="https://www.benzinga.com/news/earnings/24/05/39032629/gamestop-box-and-3-stocks-to-watch-heading-into-tuesday">GameStop, Box And 3 Stocks To Watch Heading Into Tuesday</a>

Short Ideas

Pre-Market Outlook

FREY

ROAD

Top 5 Industrials Stocks That Could Sink Your Portfolio In Q2

As of April 29, 2024, four stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.  
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Danaos Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAC#NYSE">DAC</a>)</h3>
<ul>
<li>On Feb. 13, Danaos posted downbeat quarterly results. The company's stock gained around 3% over the past five days and has a <a href="https://www.benzinga.com/quote/DAC">52-week high of $80.39</a>.</li>
<li>RSI Value: 70.03&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>DAC Price Action: Shares of Danaos gained 1.7% to close at $75.21 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Westinghouse Air Brake Technologies Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>)</h3>
<ul>
<li>On April 24, Wabtec reported better-than-expected first-quarter financial results and raised its 2024 guidance. "Looking ahead, we continue to see underlying customer demand for our products and solutions. Our orders pipeline and 12-month backlog continue to be strong, which provides visibility for profitable growth ahead. Our team is focused on product innovation, disciplined cost management, and relentless execution for our customers. These factors, coupled with our strong Q1 results, give us confidence to raise our full-year 2024 guidance," commented Rafael Santana, Wabtec's President and CEO. The company's stock gained around 14% over the past five days and <a href="https://www.benzinga.com/quote/WAB">has a 52-week high</a> of $167.49.</li>
<li>RSI Value: 82.14</li>
<li>WAB Price Action: Shares of Westinghouse Air Brake Technologies gained 0.7% to close at $164.36 on Friday.</li>
</ul>
<h3 class="wp-block-heading">JanOne Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAN#NASDAQ">JAN</a>)</h3>
<ul>
<li>On March 15, JanOne regained compliance with Nasdaq&#8217;s listing requirements. The company's stock gained around 98% over the past month and has a <a href="https://www.benzinga.com/quote/JAN">52-week high </a> of $5.11.</li>
<li>RSI Value: 77.93</li>
<li>JAN Price Action: Shares of JanOne gained 8.3% to close at $5.10 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Tutor Perini Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPC#NYSE">TPC</a>)</h3>
<ul>
<li>On April 25, Tutor Perini reported better-than-expected first-quarter financial results and issued FY24 EPS guidance. The company's stock jumped around 34% over the past five days and has a 52-week high is $17.95.</li>
<li>RSI Value: 78.91</li>
<li>TPC Price Action: Shares of Tutor Perini gained 28% to close at $17.78 on Friday.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/04/38482020/investor-optimism-improves-following-earnings-reports-us-stocks-notch-weekly-gains">Investor Optimism Improves Following Earnings Reports; US Stocks Notch Weekly Gains</a>

Top 4 Industrials Stocks That May Collapse This Quarter

Monday marks the last chance for investors to receive the next dividend payout from Danaos (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAC#NYSE">DAC</a>). 
<h3>What's Happening</h3>
The company announced on Tuesday that it would pay shareholders a quarterly dividend of 80 cents per share. On Tuesday, Danaos will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 80 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own DAC as of the end of Monday's session are eligible to receive the 80 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on March 14, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/quote/DAC">See current stock movements Danaos on Benzinga.</a>

Dividends

Monday Is Your Last Chance To Buy Danaos Before The Dividend Payout

Press Releases

Danaos Corporation Reports Second Quarter and Half Year Results for the Period Ended June 30, 2024

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Danaos

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