Brokerages expect that Dana Inc (NYSE:DAN) will post $0.66 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Dana’s earnings, with the lowest EPS estimate coming in at $0.60 and the highest estimate coming in at $0.70. Dana reported earnings of $0.71 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 7%. The firm is scheduled to issue its next quarterly earnings report on Friday, February 21st.
According to Zacks, analysts expect that Dana will report full year earnings of $3.06 per share for the current fiscal year, with EPS estimates ranging from $3.00 to $3.10. For the next fiscal year, analysts forecast that the business will post earnings of $3.03 per share, with EPS estimates ranging from $2.90 to $3.20. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Dana.
Dana (NYSE:DAN) last announced its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.01. Dana had a return on equity of 26.97% and a net margin of 2.80%. The firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter in the prior year, the firm posted $0.77 earnings per share. Dana’s revenue for the quarter was up 9.4% compared to the same quarter last year.
Several equities analysts have recently commented on DAN shares. Zacks Investment Research lowered Dana from a “hold” rating to a “sell” rating in a report on Tuesday, October 8th. KeyCorp lowered their target price on Dana from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, September 12th. Barclays lowered their target price on Dana from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, September 12th. ValuEngine lowered Dana from a “sell” rating to a “strong sell” rating in a report on Saturday, October 19th. Finally, Bank of America raised Dana from a “neutral” rating to a “buy” rating in a report on Friday, September 13th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $20.56.
In related news, CFO Jonathan Mark Collins sold 10,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $17.62, for a total value of $176,200.00. Following the completion of the transaction, the chief financial officer now directly owns 7,015 shares of the company’s stock, valued at approximately $123,604.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert D. Pyle sold 32,851 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $17.42, for a total value of $572,264.42. Following the completion of the transaction, the insider now directly owns 72,048 shares of the company’s stock, valued at $1,255,076.16. The disclosure for this sale can be found here. Insiders sold a total of 122,421 shares of company stock valued at $1,965,648 over the last three months. Corporate insiders own 0.75% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund grew its holdings in Dana by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 58,343 shares of the auto parts company’s stock worth $1,163,000 after buying an additional 820 shares in the last quarter. World Asset Management Inc grew its holdings in Dana by 8.9% in the 3rd quarter. World Asset Management Inc now owns 12,039 shares of the auto parts company’s stock worth $174,000 after buying an additional 981 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in Dana by 4.4% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 31,220 shares of the auto parts company’s stock worth $623,000 after buying an additional 1,302 shares in the last quarter. US Bancorp DE grew its holdings in Dana by 11.3% in the 2nd quarter. US Bancorp DE now owns 13,161 shares of the auto parts company’s stock worth $262,000 after buying an additional 1,333 shares in the last quarter. Finally, Wealthsource Partners LLC grew its holdings in Dana by 11.0% in the 3rd quarter. Wealthsource Partners LLC now owns 13,865 shares of the auto parts company’s stock worth $200,000 after buying an additional 1,375 shares in the last quarter. 95.48% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:DAN traded down $0.10 during trading on Wednesday, hitting $16.56. 1,304,280 shares of the company traded hands, compared to its average volume of 1,721,850. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 5.58, a PEG ratio of 1.27 and a beta of 2.23. The business’s fifty day moving average is $16.69 and its 200-day moving average is $15.95. Dana has a one year low of $11.57 and a one year high of $20.96. The company has a quick ratio of 1.03, a current ratio of 1.64 and a debt-to-equity ratio of 1.32.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 8th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date was Thursday, November 7th. Dana’s dividend payout ratio (DPR) is 13.47%.
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 Drive and Motion Technologies, and Power Technologies.
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