Dana (DAN) Set to Announce Quarterly Earnings on Wednesday

Dana (NYSE:DAN) will be issuing its quarterly earnings data before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Dana has set its FY24 guidance at $0.80-1.30 EPS and its FY 2024 guidance at 0.800-1.300 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Dana (NYSE:DAN) last issued its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.07. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.76 billion. Dana had a negative net margin of 0.01% and a positive return on equity of 4.98%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 earnings per share. On average, analysts expect Dana to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Dana Stock Down 2.0 %

Shares of NYSE:DAN opened at $10.31 on Wednesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.48 and a quick ratio of 0.90. The firm has a market capitalization of $1.49 billion, a PE ratio of 114.50, a price-to-earnings-growth ratio of 0.62 and a beta of 2.28. The firm’s 50-day moving average is $10.59 and its two-hundred day moving average is $11.87. Dana has a 1 year low of $9.16 and a 1 year high of $15.07.

Analysts Set New Price Targets

A number of brokerages have issued reports on DAN. JPMorgan Chase & Co. cut their price target on shares of Dana from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday. Barclays lowered their price objective on Dana from $16.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Wells Fargo & Company downgraded Dana from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $13.00 to $9.00 in a research report on Friday, September 20th. Wolfe Research began coverage on Dana in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. Finally, UBS Group lowered their price objective on Dana from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.50.

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.