Brokerages Expect Dana Inc (NYSE:DAN) Will Announce Earnings of $0.84 Per Share

Analysts predict that Dana Inc (NYSE:DAN) will post $0.84 earnings per share for the current quarter, according to Zacks. Four analysts have provided estimates for Dana’s earnings, with the lowest EPS estimate coming in at $0.77 and the highest estimate coming in at $0.89. Dana posted earnings per share of $0.77 during the same quarter last year, which indicates a positive year-over-year growth rate of 9.1%. The firm is expected to announce its next earnings results on Monday, November 4th.

According to Zacks, analysts expect that Dana will report full year earnings of $3.26 per share for the current financial year, with EPS estimates ranging from $3.15 to $3.35. For the next fiscal year, analysts expect that the firm will report earnings of $3.37 per share, with EPS estimates ranging from $3.15 to $3.48. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Dana.

Dana (NYSE:DAN) last announced its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.02). Dana had a net margin of 2.67% and a return on equity of 29.55%. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period last year, the company posted $0.74 earnings per share. Dana’s revenue for the quarter was up 12.0% on a year-over-year basis.

Several brokerages have weighed in on DAN. Zacks Investment Research lowered Dana from a “hold” rating to a “sell” rating in a report on Monday, August 5th. ValuEngine lowered Dana from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Wolfe Research lowered Dana from an “outperform” rating to a “peer perform” rating in a report on Thursday, April 18th. They noted that the move was a valuation call. Finally, Credit Suisse Group began coverage on Dana in a report on Wednesday, June 26th. They set an “outperform” rating and a $22.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $21.10.

In other Dana news, VP James D. Kellett sold 2,825 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $16.05, for a total transaction of $45,341.25. Following the sale, the vice president now owns 2,704 shares in the company, valued at $43,399.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.75% of the company’s stock.

Several large investors have recently bought and sold shares of DAN. Norges Bank purchased a new stake in shares of Dana during the fourth quarter worth $30,517,000. Prudential Financial Inc. raised its position in shares of Dana by 46.5% in the second quarter. Prudential Financial Inc. now owns 2,602,147 shares of the auto parts company’s stock worth $51,887,000 after buying an additional 825,433 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Dana by 373.8% in the first quarter. Assenagon Asset Management S.A. now owns 922,649 shares of the auto parts company’s stock worth $16,368,000 after buying an additional 727,918 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Dana by 33.6% in the second quarter. JPMorgan Chase & Co. now owns 1,300,446 shares of the auto parts company’s stock worth $25,229,000 after buying an additional 326,982 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Dana by 9.7% in the second quarter. Bank of New York Mellon Corp now owns 3,097,661 shares of the auto parts company’s stock worth $61,767,000 after buying an additional 273,385 shares in the last quarter. Hedge funds and other institutional investors own 94.25% of the company’s stock.

NYSE DAN traded down $0.44 on Monday, hitting $13.50. 1,482,400 shares of the stock traded hands, compared to its average volume of 1,841,716. The stock’s fifty day simple moving average is $17.82. Dana has a 12 month low of $12.65 and a 12 month high of $21.17. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 4.55, a price-to-earnings-growth ratio of 1.23 and a beta of 2.17. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.63 and a quick ratio of 1.01.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, August 15th. This represents a $0.40 annualized dividend and a dividend yield of 2.96%. Dana’s dividend payout ratio is currently 13.47%.

About Dana

Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Drive and Motion Technologies, and Power Technologies.

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