Oppenheimer Comments on Dana Incorporated’s Q1 2022 Earnings (NYSE:DAN)

Dana Incorporated (NYSE:DAN) – Research analysts at Oppenheimer issued their Q1 2022 earnings per share estimates for shares of Dana in a research report issued to clients and investors on Thursday, January 13th. Oppenheimer analyst N. Kaye expects that the auto parts company will post earnings per share of $0.45 for the quarter. Oppenheimer also issued estimates for Dana’s Q2 2022 earnings at $0.63 EPS, Q3 2022 earnings at $0.91 EPS and Q4 2022 earnings at $0.65 EPS.

Several other research firms have also issued reports on DAN. Zacks Investment Research lowered shares of Dana from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 6th. Royal Bank of Canada cut their price objective on shares of Dana from $28.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, October 27th. Wells Fargo & Company cut their price objective on shares of Dana from $31.00 to $30.00 and set an “overweight” rating for the company in a report on Tuesday, October 5th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Dana from $31.00 to $32.00 in a report on Thursday. Finally, Barclays cut their price objective on shares of Dana from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, October 28th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $29.43.

Dana stock opened at $25.35 on Friday. The firm has a 50 day moving average of $23.08 and a 200 day moving average of $23.18. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 17.60 and a beta of 2.39. Dana has a 12-month low of $18.84 and a 12-month high of $28.44. The company has a current ratio of 1.66, a quick ratio of 0.95 and a debt-to-equity ratio of 1.25.

Dana (NYSE:DAN) last released its earnings results on Tuesday, October 26th. The auto parts company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.05). The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Dana had a return on equity of 14.72% and a net margin of 2.41%. The company’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.37 earnings per share.

A number of institutional investors and hedge funds have recently modified their holdings of DAN. Patriot Financial Group Insurance Agency LLC lifted its position in Dana by 331.3% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 1,311 shares of the auto parts company’s stock worth $30,000 after buying an additional 1,007 shares during the last quarter. Berman Capital Advisors LLC lifted its position in Dana by 385.6% in the third quarter. Berman Capital Advisors LLC now owns 2,020 shares of the auto parts company’s stock worth $44,000 after buying an additional 1,604 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in Dana by 85.8% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,973 shares of the auto parts company’s stock worth $47,000 after purchasing an additional 911 shares during the period. US Bancorp DE increased its stake in Dana by 317.8% in the second quarter. US Bancorp DE now owns 2,231 shares of the auto parts company’s stock worth $53,000 after purchasing an additional 1,697 shares during the period. Finally, Ellevest Inc. increased its stake in Dana by 110.2% in the third quarter. Ellevest Inc. now owns 4,469 shares of the auto parts company’s stock worth $99,000 after purchasing an additional 2,343 shares during the period. Institutional investors own 93.85% of the company’s stock.

In other news, EVP Aziz Aghili sold 26,504 shares of the stock in a transaction that occurred on Friday, November 5th. The stock was sold at an average price of $23.56, for a total transaction of $624,434.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.75% of the stock is currently owned by corporate insiders.

The company also recently announced a quarterly dividend, which was paid on Friday, November 26th. Stockholders of record on Friday, November 5th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, November 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.58%. Dana’s dividend payout ratio is currently 27.78%.

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.

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