$0.54 Earnings Per Share Expected for Dana Inc (DAN) This Quarter
Wall Street analysts forecast that Dana Inc (NYSE:DAN) will report earnings per share (EPS) of $0.54 for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Dana’s earnings, with estimates ranging from $0.49 to $0.65. Dana posted earnings per share of $0.59 in the same quarter last year, which indicates a negative year-over-year growth rate of 8.5%. The business is expected to report its next earnings results on Thursday, February 8th.
On average, analysts expect that Dana will report full year earnings of $2.45 per share for the current fiscal year, with EPS estimates ranging from $2.39 to $2.55. For the next financial year, analysts expect that the company will report earnings of $2.75 per share, with EPS estimates ranging from $2.50 to $2.95. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Dana.
Dana (NYSE:DAN) last issued its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.03. Dana had a return on equity of 29.34% and a net margin of 10.27%. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the firm earned $0.49 earnings per share. Dana’s revenue was up 32.3% on a year-over-year basis.
Several research analysts have recently commented on DAN shares. ValuEngine lowered Dana from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Deutsche Bank boosted their price objective on Dana from $24.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, November 17th. Royal Bank of Canada reissued a “buy” rating and set a $27.00 price objective on shares of Dana in a report on Thursday, October 5th. Zacks Investment Research lowered Dana from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, Buckingham Research boosted their price objective on Dana from $25.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $28.00.
In related news, Director Virginia A. Kamsky sold 7,323 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $32.14, for a total value of $235,361.22. Following the completion of the sale, the director now owns 35,448 shares in the company, valued at approximately $1,139,298.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Rodney R. Filcek sold 3,292 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $30.18, for a total value of $99,352.56. Following the completion of the sale, the senior vice president now owns 50,251 shares of the company’s stock, valued at approximately $1,516,575.18. The disclosure for this sale can be found here. Insiders sold a total of 124,085 shares of company stock valued at $3,776,775 in the last 90 days. 1.60% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Dana by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,097 shares of the auto parts company’s stock valued at $471,000 after purchasing an additional 60 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in Dana by 0.4% in the second quarter. Mutual of America Capital Management LLC now owns 115,927 shares of the auto parts company’s stock valued at $2,589,000 after purchasing an additional 436 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Dana by 11.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,055 shares of the auto parts company’s stock valued at $113,000 after purchasing an additional 520 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its position in Dana by 2.9% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 25,532 shares of the auto parts company’s stock valued at $270,000 after purchasing an additional 713 shares during the last quarter. Finally, Ameritas Investment Partners Inc. lifted its position in Dana by 1.5% in the second quarter. Ameritas Investment Partners Inc. now owns 56,136 shares of the auto parts company’s stock valued at $1,254,000 after purchasing an additional 805 shares during the last quarter. Hedge funds and other institutional investors own 96.46% of the company’s stock.
Shares of Dana (NYSE:DAN) traded down $0.18 during midday trading on Monday, hitting $34.18. The stock had a trading volume of 1,358,838 shares, compared to its average volume of 1,802,960. Dana has a 52 week low of $17.53 and a 52 week high of $34.77. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $4,950.00, a price-to-earnings ratio of 7.17 and a beta of 1.67.
Dana Incorporated, formerly Dana Holding Corporation, is a global provider of technology driveline, sealing and thermal-management products. The Company operates in four segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies.
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