Equities research analysts predict that Dana Inc (NYSE:DAN) will announce earnings of $0.73 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Dana’s earnings. The lowest EPS estimate is $0.65 and the highest is $0.87. Dana reported earnings per share of $0.75 in the same quarter last year, which suggests a negative year-over-year growth rate of 2.7%. The business is expected to announce its next quarterly earnings report on Monday, April 29th.
On average, analysts expect that Dana will report full year earnings of $3.28 per share for the current year, with EPS estimates ranging from $3.25 to $3.35. For the next financial year, analysts anticipate that the firm will post earnings of $3.49 per share, with EPS estimates ranging from $3.15 to $3.72. 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 issued its quarterly earnings data on Friday, February 15th. The auto parts company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.05. The firm had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.95 billion. Dana had a net margin of 5.24% and a return on equity of 33.01%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.62 earnings per share.
DAN has been the topic of several recent research reports. TheStreet raised shares of Dana from a “c” rating to a “b” rating in a research report on Wednesday, February 20th. Zacks Investment Research raised shares of Dana from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Tuesday, March 19th. Barclays reaffirmed a “buy” rating and set a $24.00 price objective on shares of Dana in a research report on Wednesday, March 13th. UBS Group raised shares of Dana from a “neutral” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Friday, January 4th. Finally, KeyCorp set a $20.00 price objective on shares of Dana and gave the company a “buy” rating in a research report on Friday, January 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $21.60.
DAN traded down $0.25 during midday trading on Friday, hitting $20.49. 1,334,491 shares of the company’s stock traded hands, compared to its average volume of 1,831,712. The firm has a market cap of $2.98 billion, a PE ratio of 6.90, a PEG ratio of 1.41 and a beta of 1.86. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.07 and a current ratio of 1.66. Dana has a one year low of $12.65 and a one year high of $26.64.
The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 1st were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, February 28th. This represents a $0.40 annualized dividend and a yield of 1.95%. Dana’s dividend payout ratio (DPR) is presently 13.47%.
A number of hedge funds have recently made changes to their positions in DAN. JOYN Advisors Inc. grew its holdings in Dana by 683.1% during the fourth quarter. JOYN Advisors Inc. now owns 2,459 shares of the auto parts company’s stock valued at $34,000 after purchasing an additional 2,145 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Dana by 1,263.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 784,038 shares of the auto parts company’s stock valued at $58,000 after purchasing an additional 726,515 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in Dana by 9.0% during the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 11,313 shares of the auto parts company’s stock valued at $154,000 after purchasing an additional 938 shares during the last quarter. Quantamental Technologies LLC acquired a new stake in shares of Dana in the fourth quarter worth $158,000. Finally, Magnus Financial Group LLC acquired a new stake in shares of Dana in the fourth quarter worth $165,000. Institutional investors own 95.72% 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 Drive and Motion Technologies, and Power Technologies.
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