Dana Inc (NYSE:DAN) – Investment analysts at B. Riley decreased their FY2018 EPS estimates for Dana in a research note issued to investors on Tuesday, October 30th, Zacks Investment Research reports. B. Riley analyst C. Horn now anticipates that the auto parts company will earn $2.93 per share for the year, down from their prior estimate of $2.97. B. Riley also issued estimates for Dana’s Q1 2019 earnings at $0.80 EPS, Q3 2019 earnings at $0.83 EPS, Q4 2019 earnings at $0.71 EPS and FY2019 earnings at $3.15 EPS.
Dana (NYSE:DAN) last posted its earnings results on Monday, October 29th. The auto parts company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.94 billion. Dana had a net margin of 2.79% and a return on equity of 34.30%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 earnings per share.
A number of other research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Dana from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. Wolfe Research upgraded shares of Dana from a “market perform” rating to an “outperform” rating in a research report on Wednesday, October 31st. TheStreet downgraded shares of Dana from a “b-” rating to a “c” rating in a research report on Monday, October 29th. Royal Bank of Canada restated a “buy” rating and set a $21.00 target price on shares of Dana in a research report on Monday, October 29th. Finally, JPMorgan Chase & Co. upgraded shares of Dana from a “neutral” rating to an “overweight” rating and set a $24.00 target price for the company in a research report on Friday, October 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. Dana has an average rating of “Hold” and an average price target of $25.33.
NYSE DAN traded up $0.62 on Wednesday, reaching $14.46. 1,040,127 shares of the company’s stock traded hands, compared to its average volume of 2,517,301. The company has a market capitalization of $2.00 billion, a PE ratio of 5.74, a P/E/G ratio of 1.53 and a beta of 1.88. Dana has a fifty-two week low of $13.75 and a fifty-two week high of $35.27. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.65 and a quick ratio of 1.04.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 9th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.77%. Dana’s dividend payout ratio (DPR) is currently 15.87%.
Institutional investors have recently modified their holdings of the business. Honkamp Krueger Financial Services Inc. acquired a new position in shares of Dana in the third quarter worth about $131,000. Macquarie Group Ltd. raised its position in shares of Dana by 54.8% in the second quarter. Macquarie Group Ltd. now owns 9,600 shares of the auto parts company’s stock worth $194,000 after acquiring an additional 3,400 shares during the period. Global X Management Co LLC acquired a new position in shares of Dana in the second quarter worth about $220,000. Signition LP acquired a new position in shares of Dana in the third quarter worth about $227,000. Finally, Nomura Holdings Inc. acquired a new position in shares of Dana in the second quarter worth about $262,000. Institutional investors and hedge funds own 91.64% of the company’s stock.
Dana Company Profile
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 Driveline Technologies, and Power Technologies.
Featured Story: What is systematic risk?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Dana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dana and related companies with MarketBeat.com's FREE daily email newsletter.