Danaos Corporation Upsizes Share Repurchase Program by $100 Million

The latest announcement is out from Danaos ( (DAC) ).

On April 14, 2025, Danaos Corporation announced an increase in its common stock repurchase program by an additional $100 million, bringing the total to $300 million. This decision reflects the company’s strategic initiative to enhance shareholder value, having already repurchased approximately $196 million of the previous $200 million program. The repurchase program allows for flexibility in purchasing shares in the open market or through private transactions and can be adjusted or halted as deemed necessary by the company.

Spark’s Take on DAC Stock

According to Spark, TipRanks’ AI Analyst, DAC is a Outperform.

Danaos Corporation demonstrates strong financial performance with impressive profitability and a stable balance sheet, though facing challenges in net income and cash flow. Technical analysis suggests cautious optimism, while valuation indicates potential upside with a low P/E ratio and attractive dividend yield. The earnings call further supports a positive outlook with a strong revenue backlog and strategic initiatives, despite some operational challenges. Overall, the company is well-positioned for future growth, maintaining resilience in a volatile market environment.

To see Spark’s full report on DAC stock, click here.

More about Danaos

Danaos Corporation is a leading independent owner of modern, large-size containerships, with a fleet of 74 containerships totaling 471,477 TEUs and 15 under construction totaling 128,220 TEUs. The company is also involved in the dry bulk sector with 10 capesize bulk carriers. Danaos charters its fleet to major liner companies on fixed-rate contracts and is known for its operational efficiency and environmental standards. Its shares are traded on the New York Stock Exchange under the symbol ‘DAC’.

YTD Price Performance: -7.34%

Average Trading Volume: 105,856

Technical Sentiment Signal: Hold

Current Market Cap: $1.37B

For a thorough assessment of DAC stock, go to TipRanks’ Stock Analysis page.