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.

ILLEGAL ACTIVITY NOTICE: This article was published by Watch List News and is the property of of Watch List News. If you are reading this article on another website, it was illegally stolen and republished in violation of international copyright and trademark laws. The legal version of this article can be read at https://www.watchlistnews.com/0-54-earnings-per-share-expected-for-dana-inc-dan-this-quarter/1798865.html.

About Dana

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.

Get a free copy of the Zacks research report on Dana (DAN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Dana (NYSE:DAN)

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 Analyst Ratings Network's FREE daily email newsletter.