Dana (DAN) Scheduled to Post Earnings on Tuesday

Dana (NYSE:DAN) is scheduled to be announcing its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.12 per share for the quarter. Dana has set its FY 2024 guidance at 0.350-0.850 EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Dana (NYSE:DAN) last posted its quarterly earnings results on Tuesday, February 20th. The auto parts company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.06). Dana had a net margin of 0.36% and a return on equity of 7.37%. The firm had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.58 billion. During the same quarter in the previous year, the firm posted ($0.10) EPS. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. On average, analysts expect Dana to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Dana Trading Up 1.4 %

Dana stock opened at $12.32 on Tuesday. The stock has a 50-day moving average price of $12.42 and a 200 day moving average price of $13.02. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 47.38, a price-to-earnings-growth ratio of 0.35 and a beta of 2.49. Dana has a 52 week low of $11.10 and a 52 week high of $19.75. The company has a quick ratio of 0.93, a current ratio of 1.58 and a debt-to-equity ratio of 1.59.

Dana Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 1st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend was Thursday, February 29th. Dana’s dividend payout ratio is presently 153.85%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Wells Fargo & Company cut their price objective on shares of Dana from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 21st. JPMorgan Chase & Co. cut their price target on Dana from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, February 26th. Finally, Barclays decreased their price objective on Dana from $16.00 to $15.00 and set an “equal weight” rating for the company in a report on Wednesday, February 28th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $16.43.

Dana Company Profile

Dana Incorporated, together with its subsidiaries, provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. The company operates through four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.