Dana (NYSE:DAN) issued an update on its FY 2023 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $3.500-$3.500 for the period. The company issued revenue guidance of $10 B-.Dana also updated its FY 2021 guidance to $2.450-$2.450 EPS.
A number of brokerages have weighed in on DAN. Zacks Investment Research downgraded Dana from a hold rating to a strong sell rating in a report on Wednesday, October 6th. Deutsche Bank Aktiengesellschaft increased their price objective on Dana from $33.00 to $34.00 and gave the stock a buy rating in a report on Monday, August 2nd. Wells Fargo & Company decreased their target price on Dana from $31.00 to $30.00 and set an overweight rating on the stock in a research note on Tuesday, October 5th. TheStreet upgraded Dana from a c rating to a b- rating in a report on Friday, July 30th. Finally, Bank of America upgraded Dana from a neutral rating to a buy rating and lowered their target price for the company from $31.00 to $30.00 in a research note on Thursday, September 16th. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dana has an average rating of Buy and an average target price of $29.29.
NYSE DAN opened at $24.28 on Thursday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.66 and a quick ratio of 1.01. The stock’s fifty day moving average price is $23.09 and its 200 day moving average price is $24.41. Dana has a 1 year low of $13.78 and a 1 year high of $28.44. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 17.10 and a beta of 2.50.
The company also recently declared a quarterly dividend, which was paid on Friday, September 3rd. Stockholders of record on Friday, August 13th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, August 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.65%. Dana’s dividend payout ratio is currently 102.56%.
Dana Company Profile
Dana, Inc engages in the manufacture, distribution, and sale of technology drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products. It operates through the following segments: Light Vehicle, Commercial Vehicle, Off-Highway, and Power Technologies. The Light Vehicle segment includes drivetrain systems and components for passenger cars, crossovers, sport utility vehicles, vans, and light trucks.
Further Reading: Trading Strategy
Receive News & Ratings for Dana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dana and related companies with MarketBeat.com's FREE daily email newsletter.