Analysts Anticipate Dana Inc (DAN) to Announce $0.74 EPS

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Brokerages expect that Dana Inc (NYSE:DAN) will report earnings per share of $0.74 for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Dana’s earnings, with the highest EPS estimate coming in at $0.77 and the lowest estimate coming in at $0.70. Dana reported earnings per share of $0.59 during the same quarter last year, which suggests a positive year-over-year growth rate of 25.4%. The company is expected to announce its next quarterly earnings results on Thursday, October 25th.

On average, analysts expect that Dana will report full-year earnings of $2.95 per share for the current fiscal year, with EPS estimates ranging from $2.86 to $3.05. For the next fiscal year, analysts anticipate that the business will post earnings of $3.14 per share, with EPS estimates ranging from $2.85 to $3.30. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Dana.

Dana (NYSE:DAN) last announced its quarterly earnings results on Wednesday, July 25th. The auto parts company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.04). Dana had a net margin of 2.51% and a return on equity of 32.56%. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same quarter in the prior year, the firm earned $0.68 EPS. The firm’s revenue for the quarter was up 11063.0% on a year-over-year basis.

A number of research analysts recently issued reports on DAN shares. Royal Bank of Canada restated a “buy” rating and set a $30.00 price target on shares of Dana in a report on Tuesday, July 17th. Zacks Investment Research upgraded Dana from a “sell” rating to a “hold” rating in a report on Tuesday, August 14th. Stephens restated a “hold” rating and set a $23.00 price target on shares of Dana in a report on Wednesday, August 1st. Buckingham Research reduced their price target on Dana from $26.00 to $22.00 and set a “neutral” rating on the stock in a report on Thursday, July 26th. Finally, Barclays upgraded Dana from an “equal weight” rating to an “overweight” rating and set a $30.00 price target on the stock in a report on Thursday, July 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. Dana has a consensus rating of “Hold” and a consensus target price of $27.67.

A number of institutional investors have recently bought and sold shares of DAN. OppenheimerFunds Inc. boosted its position in Dana by 27.3% during the 1st quarter. OppenheimerFunds Inc. now owns 81,349 shares of the auto parts company’s stock valued at $2,096,000 after acquiring an additional 17,455 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Dana by 7.4% in the 1st quarter. Principal Financial Group Inc. now owns 1,027,760 shares of the auto parts company’s stock worth $26,475,000 after purchasing an additional 70,655 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in shares of Dana by 56.6% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 29,718 shares of the auto parts company’s stock worth $766,000 after purchasing an additional 10,745 shares in the last quarter. A.R.T. Advisors LLC boosted its position in shares of Dana by 358.8% in the 1st quarter. A.R.T. Advisors LLC now owns 164,700 shares of the auto parts company’s stock worth $4,242,000 after purchasing an additional 128,800 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. bought a new stake in shares of Dana in the 1st quarter worth approximately $747,000. 93.88% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:DAN opened at $16.30 on Wednesday. Dana has a 1 year low of $15.89 and a 1 year high of $35.27. The stock has a market cap of $2.70 billion, a P/E ratio of 6.47, a price-to-earnings-growth ratio of 4.99 and a beta of 1.68. The company has a current ratio of 1.63, a quick ratio of 1.05 and a debt-to-equity ratio of 1.41.

Dana Company Profile

Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Driveline Technologies, and Power Technologies.

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