Analysts expect Dana Inc (NYSE:DAN) to post $0.66 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Dana’s earnings, with the highest EPS estimate coming in at $0.70 and the lowest estimate coming in at $0.60. Dana posted earnings of $0.71 per share during the same quarter last year, which suggests a negative year over year growth rate of 7%. The business is scheduled to issue its next quarterly earnings results on Friday, February 21st.
On average, analysts expect that Dana will report full year earnings of $3.06 per share for the current year, with EPS estimates ranging from $3.00 to $3.10. For the next fiscal year, analysts expect that the business will post earnings of $3.03 per share, with EPS estimates ranging from $2.90 to $3.20. 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 released its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. Dana had a return on equity of 26.97% and a net margin of 2.80%. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the business posted $0.77 EPS. The business’s revenue for the quarter was up 9.4% on a year-over-year basis.
DAN has been the topic of a number of recent analyst reports. TheStreet upgraded Dana from a “c” rating to a “b-” rating in a report on Thursday, November 7th. KeyCorp dropped their price objective on Dana from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, September 12th. ValuEngine downgraded Dana from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 19th. Zacks Investment Research downgraded Dana from a “hold” rating to a “sell” rating in a research note on Tuesday, October 8th. Finally, Barclays dropped their price target on Dana from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, September 12th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. Dana currently has a consensus rating of “Buy” and an average price target of $20.56.
In other Dana news, insider Robert D. Pyle sold 32,851 shares of Dana stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $17.42, for a total value of $572,264.42. Following the transaction, the insider now directly owns 72,048 shares in the company, valued at approximately $1,255,076.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jonathan Mark Collins sold 10,000 shares of Dana stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $17.62, for a total value of $176,200.00. Following the completion of the transaction, the chief financial officer now owns 7,015 shares in the company, valued at $123,604.30. The disclosure for this sale can be found here. Insiders have sold a total of 122,421 shares of company stock worth $1,965,648 in the last 90 days. 0.75% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in DAN. First Trust Advisors LP grew its stake in shares of Dana by 54.6% in the 1st quarter. First Trust Advisors LP now owns 201,950 shares of the auto parts company’s stock valued at $3,583,000 after purchasing an additional 71,292 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its stake in shares of Dana by 5.8% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 160,972 shares of the auto parts company’s stock valued at $2,856,000 after purchasing an additional 8,801 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Dana by 4.4% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 31,220 shares of the auto parts company’s stock valued at $623,000 after purchasing an additional 1,302 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Dana by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 58,343 shares of the auto parts company’s stock valued at $1,163,000 after purchasing an additional 820 shares during the last quarter. Finally, New York State Teachers Retirement System grew its stake in shares of Dana by 11.6% in the 2nd quarter. New York State Teachers Retirement System now owns 80,789 shares of the auto parts company’s stock valued at $1,611,000 after purchasing an additional 8,400 shares during the last quarter. Institutional investors own 95.48% of the company’s stock.
Shares of DAN traded down $0.10 during mid-day trading on Wednesday, reaching $16.56. The company’s stock had a trading volume of 1,304,280 shares, compared to its average volume of 1,721,850. Dana has a 12-month low of $11.57 and a 12-month high of $20.96. The stock has a market cap of $2.44 billion, a PE ratio of 5.58, a price-to-earnings-growth ratio of 1.27 and a beta of 2.23. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.64 and a quick ratio of 1.03. The company’s 50 day moving average is $16.69 and its 200 day moving average is $15.95.
The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 8th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.40 dividend on an annualized basis and a yield of 2.42%. Dana’s dividend payout ratio is presently 13.47%.
Dana Company Profile
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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