Dana (NYSE:DAN – Get Free Report) released its quarterly earnings data on Wednesday. The auto parts company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.13), Briefing.com reports. Dana had a positive return on equity of 4.98% and a negative net margin of 0.01%. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period in the prior year, the company posted $0.30 earnings per share. The company’s revenue was down 7.2% compared to the same quarter last year. Dana updated its FY 2024 guidance to 0.750-0.950 EPS and its FY24 guidance to $0.75-0.95 EPS.
Dana Stock Performance
Shares of NYSE DAN traded down $0.73 during midday trading on Thursday, reaching $7.66. 2,190,448 shares of the company were exchanged, compared to its average volume of 1,353,282. The stock has a market cap of $1.11 billion, a P/E ratio of -768.00, a PEG ratio of 0.62 and a beta of 2.28. Dana has a 1 year low of $7.63 and a 1 year high of $15.07. The stock has a fifty day simple moving average of $10.49 and a 200 day simple moving average of $11.76. The company has a current ratio of 1.48, a quick ratio of 0.90 and a debt-to-equity ratio of 1.55.
Dana Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, November 8th. This represents a $0.40 annualized dividend and a dividend yield of 5.22%. Dana’s dividend payout ratio (DPR) is -4,000.00%.
Analyst Upgrades and Downgrades
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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.
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