Zacks: Analysts Expect Dana Inc (DAN) to Announce $0.65 Earnings Per Share

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Equities analysts predict that Dana Inc (NYSE:DAN) will post earnings of $0.65 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Dana’s earnings. The highest EPS estimate is $0.67 and the lowest is $0.63. Dana posted earnings per share of $0.62 in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.8%. The company is expected to report its next quarterly earnings report on Tuesday, February 12th.

On average, analysts expect that Dana will report full-year earnings of $2.93 per share for the current year, with EPS estimates ranging from $2.86 to $3.05. For the next year, analysts anticipate that the firm will report earnings of $3.16 per share, with EPS estimates ranging from $3.05 to $3.30. Zacks’ EPS calculations are an average based on a survey of research firms that follow Dana.

Dana (NYSE:DAN) last posted its quarterly earnings results on Monday, October 29th. The auto parts company reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.02. Dana had a return on equity of 34.30% and a net margin of 2.79%. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the company posted $0.59 EPS. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year.

Several research firms have weighed in on DAN. Zacks Investment Research downgraded Dana from a “hold” rating to a “sell” rating in a research note on Monday, October 22nd. Buckingham Research dropped their price target on Dana from $26.00 to $22.00 and set a “neutral” rating for the company in a research note on Thursday, July 26th. Stephens restated a “hold” rating and issued a $23.00 price target on shares of Dana in a research note on Wednesday, August 1st. TheStreet downgraded Dana from a “b-” rating to a “c” rating in a research note on Monday, October 29th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $21.00 price target on shares of Dana in a research note on Monday, October 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.80.

DAN stock traded down $0.65 during midday trading on Friday, hitting $14.26. The company’s stock had a trading volume of 2,702,706 shares, compared to its average volume of 2,376,551. Dana has a 12 month low of $13.76 and a 12 month high of $35.27. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.65 and a quick ratio of 1.04. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 5.66, a PEG ratio of 1.67 and a beta of 1.88.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 9th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.40 annualized dividend and a dividend yield of 2.81%. Dana’s dividend payout ratio (DPR) is 15.87%.

Several institutional investors and hedge funds have recently modified their holdings of DAN. Macquarie Group Ltd. raised its holdings in shares of Dana by 54.8% during the 2nd quarter. Macquarie Group Ltd. now owns 9,600 shares of the auto parts company’s stock worth $194,000 after acquiring an additional 3,400 shares in the last quarter. Global X Management Co LLC purchased a new stake in shares of Dana during the 2nd quarter worth approximately $220,000. Signition LP purchased a new stake in shares of Dana during the 3rd quarter worth approximately $227,000. Nomura Holdings Inc. purchased a new stake in shares of Dana during the 2nd quarter worth approximately $262,000. Finally, PEAK6 Investments L.P. raised its holdings in shares of Dana by 157.0% during the 2nd quarter. PEAK6 Investments L.P. now owns 13,866 shares of the auto parts company’s stock worth $280,000 after acquiring an additional 38,182 shares in the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.

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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