Dana (NYSE:DAN) Posts Quarterly Earnings Results, Beats Estimates By $0.15 EPS

Dana (NYSE:DAN) posted its quarterly earnings data on Thursday. The auto parts company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.10 by $0.15, Zacks reports. Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%.

Dana Trading Down 0.2 %

Shares of Dana stock traded down $0.03 on Thursday, reaching $16.38. The company had a trading volume of 303,276 shares, compared to its average volume of 1,609,373. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of -146.70, a P/E/G ratio of 0.75 and a beta of 2.33. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.49 and a quick ratio of 0.86. The firm’s 50-day moving average price is $13.57 and its two-hundred day moving average price is $11.40. Dana has a 1 year low of $7.58 and a 1 year high of $16.90.

Dana Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 28th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Friday, February 28th. Dana’s dividend payout ratio (DPR) is -363.60%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DAN. Deutsche Bank Aktiengesellschaft upgraded Dana from a “hold” rating to a “buy” rating and increased their target price for the stock from $9.00 to $19.00 in a research report on Monday, December 9th. UBS Group increased their target price on Dana from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Barclays raised their price target on Dana from $18.00 to $23.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. BNP Paribas upgraded Dana from a “neutral” rating to an “outperform” rating and raised their price target for the company from $9.00 to $16.00 in a report on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. raised their price target on Dana from $14.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Dana has an average rating of “Moderate Buy” and an average target price of $18.86.

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.