Dana (NYSE:DAN) Posts Earnings Results, Misses Expectations By $0.18 EPS

Dana (NYSE:DAN) announced its quarterly earnings data on Friday. The auto parts company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.18), Zacks reports. Dana had a negative return on equity of 3.06% and a net margin of 1.13%.The company had revenue of $1.87 billion for the quarter.

Dana Trading Down 4.1%

NYSE DAN traded down $1.42 during trading hours on Friday, hitting $33.15. 715,014 shares of the company were exchanged, compared to its average volume of 973,367. The stock has a market cap of $3.63 billion, a PE ratio of 58.17 and a beta of 1.97. The stock has a 50-day moving average price of $34.46 and a 200 day moving average price of $29.03. Dana has a 52 week low of $15.31 and a 52 week high of $39.56. The company has a quick ratio of 0.86, a current ratio of 1.17 and a debt-to-equity ratio of 2.85.

Dana Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 8th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, May 8th. Dana’s payout ratio is 84.21%.

Institutional Trading of Dana

A number of institutional investors have recently made changes to their positions in DAN. Tudor Investment Corp ET AL raised its stake in Dana by 28.4% in the 4th quarter. Tudor Investment Corp ET AL now owns 273,631 shares of the auto parts company’s stock worth $6,501,000 after acquiring an additional 60,487 shares during the last quarter. Loomis Sayles & Co. L P raised its position in shares of Dana by 61.2% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,591,768 shares of the auto parts company’s stock valued at $37,820,000 after buying an additional 604,246 shares during the period. Horizon Investments LLC purchased a new stake in Dana in the third quarter valued at approximately $553,000. Entropy Technologies LP raised its position in Dana by 266.2% in the third quarter. Entropy Technologies LP now owns 37,303 shares of the auto parts company’s stock valued at $748,000 after purchasing an additional 27,116 shares during the period. Finally, Russell Investments Group Ltd. increased its position in shares of Dana by 3.1% during the third quarter. Russell Investments Group Ltd. now owns 927,987 shares of the auto parts company’s stock worth $18,597,000 after acquiring an additional 27,712 shares during the period. Institutional investors and hedge funds own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

DAN has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on Dana from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Wall Street Zen cut shares of Dana from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. Barclays boosted their price objective on Dana from $32.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, March 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $36.00 price objective on shares of Dana in a report on Thursday, January 22nd. Finally, Weiss Ratings upgraded Dana from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, March 19th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.00.

Dana Company Profile

Dana Incorporated is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The company’s product portfolio includes axles, driveshafts, transmissions, e-Propulsion systems and thermal-management assemblies that help improve fuel efficiency, reduce emissions and enhance vehicle performance. Dana’s expertise spans internal combustion and electrified powertrains, positioning it to support both traditional and next-generation mobility solutions.

Founded in 1904 by Clarence W.