Dana Incorporated (NYSE:DAN) Expected to Announce Quarterly Sales of $1.88 Billion


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Equities research analysts expect Dana Incorporated (NYSE:DAN) to report $1.88 billion in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Dana’s earnings. The highest sales estimate is $1.93 billion and the lowest is $1.83 billion. Dana reported sales of $1.99 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 5.5%. The company is scheduled to announce its next quarterly earnings results on Thursday, February 11th.

On average, analysts expect that Dana will report full-year sales of $6.87 billion for the current year, with estimates ranging from $6.83 billion to $6.92 billion. For the next financial year, analysts forecast that the company will post sales of $8.19 billion, with estimates ranging from $7.98 billion to $8.40 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Dana.

Dana (NYSE:DAN) last issued its quarterly earnings results on Wednesday, October 28th. The auto parts company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.14. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.81 billion. Dana had a negative net margin of 0.09% and a positive return on equity of 6.48%.

Several equities research analysts recently commented on DAN shares. Bank of America downgraded shares of Dana from a “buy” rating to a “neutral” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft upped their price target on shares of Dana from $19.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. Zacks Investment Research upgraded shares of Dana from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Tuesday, December 29th. Royal Bank of Canada upgraded shares of Dana from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $13.00 to $18.00 in a research report on Thursday, October 8th. Finally, KeyCorp increased their target price on shares of Dana from $20.00 to $25.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 16th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Dana currently has a consensus rating of “Buy” and a consensus target price of $19.89.

In other news, insider Robert D. Pyle sold 33,535 shares of the firm’s stock in a transaction on Tuesday, December 1st. The shares were sold at an average price of $17.57, for a total transaction of $589,209.95. Following the transaction, the insider now owns 57,070 shares in the company, valued at approximately $1,002,719.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO James D. Kellett sold 1,800 shares of the firm’s stock in a transaction on Tuesday, November 24th. The shares were sold at an average price of $17.98, for a total transaction of $32,364.00. Following the transaction, the chief accounting officer now owns 2,755 shares in the company, valued at approximately $49,534.90. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC raised its holdings in shares of Dana by 1.9% during the 3rd quarter. Wedge Capital Management L L P NC now owns 5,784,711 shares of the auto parts company’s stock valued at $71,268,000 after purchasing an additional 105,462 shares in the last quarter. Pzena Investment Management LLC grew its stake in Dana by 7.6% in the 3rd quarter. Pzena Investment Management LLC now owns 3,444,296 shares of the auto parts company’s stock valued at $42,434,000 after buying an additional 244,432 shares during the last quarter. Wells Fargo & Company MN grew its stake in Dana by 3.1% in the 3rd quarter. Wells Fargo & Company MN now owns 2,945,292 shares of the auto parts company’s stock valued at $36,285,000 after buying an additional 88,863 shares during the last quarter. Gabelli Funds LLC grew its stake in Dana by 1.2% in the 3rd quarter. Gabelli Funds LLC now owns 2,337,832 shares of the auto parts company’s stock valued at $28,802,000 after buying an additional 27,000 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in Dana by 14.2% in the 3rd quarter. AQR Capital Management LLC now owns 2,288,840 shares of the auto parts company’s stock valued at $28,199,000 after buying an additional 284,640 shares during the last quarter. Institutional investors and hedge funds own 86.19% of the company’s stock.

Shares of NYSE:DAN opened at $21.48 on Thursday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.37 and a current ratio of 1.96. The company has a market cap of $3.10 billion, a PE ratio of -429.51, a price-to-earnings-growth ratio of 5.67 and a beta of 2.61. Dana has a 52 week low of $4.22 and a 52 week high of $22.69. The firm has a 50 day simple moving average of $19.52 and a 200 day simple moving average of $15.18.

Dana Company Profile

Dana Incorporated provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. It offers sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer. The company operates in four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.

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