Dana Inc (NYSE:DAN) – Stock analysts at KeyCorp reduced their FY2020 earnings per share (EPS) estimates for shares of Dana in a research report issued on Wednesday, January 15th. KeyCorp analyst J. Picariello now forecasts that the auto parts company will post earnings of $3.00 per share for the year, down from their previous forecast of $3.05.
Dana (NYSE:DAN) last issued its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. Dana had a return on equity of 26.97% and a net margin of 2.80%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the company earned $0.77 EPS.
Several other equities analysts have also recently issued reports on DAN. Royal Bank of Canada reiterated a “buy” rating and issued a $21.00 price objective on shares of Dana in a research note on Sunday, December 22nd. Zacks Investment Research raised Dana from a “sell” rating to a “hold” rating in a research report on Wednesday. UBS Group started coverage on Dana in a research report on Tuesday, November 19th. They set an “outperform” rating and a $20.00 price target on the stock. TheStreet raised Dana from a “c” rating to a “b-” rating in a research report on Thursday, November 7th. Finally, ValuEngine raised Dana from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. Dana has a consensus rating of “Buy” and an average target price of $20.88.
Dana stock traded down $0.09 during midday trading on Friday, reaching $16.74. 4,424 shares of the stock traded hands, compared to its average volume of 1,135,436. The company has a 50-day simple moving average of $17.68 and a two-hundred day simple moving average of $16.25. Dana has a 12-month low of $11.57 and a 12-month high of $20.96. The firm has a market cap of $2.43 billion, a PE ratio of 5.66, a price-to-earnings-growth ratio of 1.23 and a beta of 2.24. The company has a current ratio of 1.64, a quick ratio of 1.03 and a debt-to-equity ratio of 1.32.
In related 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 sale, the insider now directly owns 72,048 shares in the company, valued at $1,255,076.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Dwayne Matthews sold 35,000 shares of Dana stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $17.70, for a total value of $619,500.00. Following the completion of the sale, the insider now owns 105,564 shares in the company, valued at $1,868,482.80. The disclosure for this sale can be found here. In the last three months, insiders sold 77,851 shares of company stock worth $1,367,964. Corporate insiders own 0.75% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Sandy Spring Bank acquired a new position in Dana in the third quarter valued at $43,000. Allred Capital Management LLC purchased a new position in Dana in the third quarter valued at about $140,000. Virtu Financial LLC bought a new position in Dana during the 3rd quarter worth approximately $145,000. Sciencast Management LP bought a new position in Dana during the 3rd quarter worth approximately $156,000. Finally, World Asset Management Inc lifted its holdings in Dana by 8.9% during the 3rd quarter. World Asset Management Inc now owns 12,039 shares of the auto parts company’s stock worth $174,000 after buying an additional 981 shares during the last quarter. Hedge funds and other institutional investors own 95.49% of the company’s stock.
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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