Dana (DAN) Scheduled to Post Quarterly Earnings on Tuesday

Dana (NYSE:DAN) is scheduled to announce its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.12 per share for the quarter. Dana has set its FY 2024 guidance at 0.350-0.850 EPS.Investors interested in listening to the company’s conference call can do so using this link.

Dana (NYSE:DAN) last released its quarterly earnings results on Tuesday, February 20th. The auto parts company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.06). Dana had a net margin of 0.36% and a return on equity of 7.37%. The firm had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the prior year, the business posted ($0.10) earnings per share. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. On average, analysts expect Dana to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Dana Stock Up 2.0 %

NYSE:DAN opened at $12.48 on Friday. Dana has a fifty-two week low of $11.10 and a fifty-two week high of $19.75. The stock has a market capitalization of $1.81 billion, a P/E ratio of 48.00, a P/E/G ratio of 0.35 and a beta of 2.49. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.93 and a current ratio of 1.58. The company’s 50-day simple moving average is $12.34 and its 200-day simple moving average is $12.99.

Dana Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 10th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Thursday, May 9th. Dana’s dividend payout ratio is currently 153.85%.

Analyst Ratings Changes

A number of analysts have recently weighed in on DAN shares. Barclays lowered their price target on shares of Dana from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 28th. JPMorgan Chase & Co. decreased their price objective on shares of Dana from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, February 26th. Finally, Wells Fargo & Company decreased their price objective on shares of Dana from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 21st. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $16.43.

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.