Dana (NYSE:DAN – Get Free Report) released its quarterly earnings data on Tuesday. The auto parts company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.08), Briefing.com reports. Dana had a net margin of 0.36% and a return on equity of 7.37%. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.69 billion. During the same period in the previous year, the business earned $0.25 earnings per share. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. Dana updated its FY24 guidance to $0.35-0.85 EPS and its FY 2024 guidance to 0.350-0.850 EPS.
Dana Trading Up 5.9 %
Shares of NYSE:DAN traded up $0.73 during midday trading on Wednesday, reaching $13.16. The company’s stock had a trading volume of 2,041,475 shares, compared to its average volume of 1,269,309. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 50.58, a price-to-earnings-growth ratio of 0.36 and a beta of 2.49. The company has a quick ratio of 0.93, a current ratio of 1.58 and a debt-to-equity ratio of 1.59. Dana has a 1 year low of $11.10 and a 1 year high of $19.75. The business has a 50 day moving average price of $12.32 and a 200 day moving average price of $12.98.
Dana Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 10th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Thursday, May 9th. Dana’s dividend payout ratio is currently 153.85%.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on DAN
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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