Dahlman Rose: Danaos' 4Q11 Results In-Line with Consensus

According to a research report released today by Dahlman Rose, Danaos Corporation DAC reported 4Q11 earnings in-line with the $0.14 consensus estimate. “Danaos reported 4Q11 EPS, net of non-recurring items, of $0.15, in line with the $0.14 consensus expectation. Reported net revenues of $96.7MM were ahead of our $91.4MM projection due to higher fleet operating days,” Dahlman Rose said in the report. Dahlman Rose maintains its Hold rating on Danaos, which closed yesterday at $4.07.