$0.21 EPS Expected for Dana Inc (NYSE:DAN) This Quarter

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Equities analysts predict that Dana Inc (NYSE:DAN) will post $0.21 earnings per share for the current quarter, Zacks reports. Four analysts have made estimates for Dana’s earnings. The highest EPS estimate is $0.36 and the lowest is ($0.07). Dana posted earnings of $0.74 per share in the same quarter last year, which indicates a negative year over year growth rate of 71.6%. The business is scheduled to report its next quarterly earnings results before the market opens on Wednesday, October 28th.

According to Zacks, analysts expect that Dana will report full-year earnings of $0.28 per share for the current fiscal year, with EPS estimates ranging from ($0.23) to $0.45. For the next year, analysts forecast that the firm will report earnings of $1.80 per share, with EPS estimates ranging from $1.50 to $2.05. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Dana.

Dana (NYSE:DAN) last issued its quarterly earnings data on Thursday, July 30th. The auto parts company reported ($0.69) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.70) by $0.01. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.02 billion. Dana had a net margin of 0.84% and a return on equity of 9.37%. The company’s quarterly revenue was down 53.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.87 EPS.

DAN has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Dana from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Wednesday. Credit Suisse Group restated a “buy” rating and set a $18.00 target price on shares of Dana in a report on Monday, August 3rd. Barclays upgraded shares of Dana from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $13.00 to $17.00 in a report on Thursday, August 20th. They noted that the move was a valuation call. JPMorgan Chase & Co. boosted their target price on shares of Dana from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Friday, June 19th. Finally, ValuEngine upgraded shares of Dana from a “sell” rating to a “hold” rating in a report on Wednesday, September 9th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $17.33.

In related news, CFO Jonathan Mark Collins sold 9,386 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $12.76, for a total value of $119,765.36. Following the transaction, the chief financial officer now owns 6,965 shares in the company, valued at approximately $88,873.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.80% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Envestnet Asset Management Inc. raised its position in Dana by 16.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 58,200 shares of the auto parts company’s stock worth $717,000 after buying an additional 8,048 shares during the last quarter. Wedge Capital Management L L P NC raised its position in Dana by 1.9% in the 3rd quarter. Wedge Capital Management L L P NC now owns 5,784,711 shares of the auto parts company’s stock worth $71,268,000 after buying an additional 105,462 shares during the last quarter. American National Bank purchased a new position in Dana in the 3rd quarter worth about $61,000. Handelsbanken Fonder AB purchased a new position in Dana in the 2nd quarter worth about $324,000. Finally, Engineers Gate Manager LP purchased a new position in Dana in the 2nd quarter worth about $242,000. 93.90% of the stock is owned by institutional investors and hedge funds.

Shares of DAN stock traded up $0.24 during mid-day trading on Monday, reaching $14.96. 731,364 shares of the company’s stock traded hands, compared to its average volume of 1,717,419. Dana has a 12 month low of $4.22 and a 12 month high of $19.21. The company has a market cap of $2.16 billion, a P/E ratio of 36.49, a P/E/G ratio of 64.36 and a beta of 2.65. The company has a quick ratio of 1.40, a current ratio of 2.21 and a debt-to-equity ratio of 1.64. The company’s 50-day moving average price is $13.71 and its 200-day moving average price is $12.07.

About Dana

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 Drive and Motion Technologies, and Power Technologies.

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