Dana Inc (NYSE:DAN) Expected to Post Quarterly Sales of $1.79 Billion

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Brokerages predict that Dana Inc (NYSE:DAN) will announce $1.79 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Dana’s earnings. The highest sales estimate is $1.87 billion and the lowest is $1.70 billion. Dana reported sales of $2.16 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 17.1%. The firm is scheduled to report its next earnings report before the market opens on Wednesday, October 28th.

On average, analysts expect that Dana will report full year sales of $6.59 billion for the current fiscal year, with estimates ranging from $6.47 billion to $6.69 billion. For the next year, analysts anticipate that the business will post sales of $7.92 billion, with estimates ranging from $7.68 billion to $8.15 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Dana.

Dana (NYSE:DAN) last announced its quarterly earnings data on Thursday, July 30th. The auto parts company reported ($0.69) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.70) by $0.01. The firm had revenue of $1.08 billion during 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 firm’s revenue was down 53.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.87 earnings per share.

A number of equities research analysts recently commented on DAN shares. Barclays upgraded shares of Dana from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $13.00 to $17.00 in a research report on Thursday, August 20th. They noted that the move was a valuation call. ValuEngine upgraded shares of Dana from a “sell” rating to a “hold” rating in a research report on Wednesday, September 9th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Dana from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday. Cfra upgraded shares of Dana to a “buy” rating in a research report on Friday, July 17th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Dana from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, June 19th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Dana has an average rating of “Buy” and a consensus target price of $17.33.

NYSE:DAN traded up $0.24 during mid-day trading on Wednesday, reaching $14.96. The stock had a trading volume of 731,364 shares, compared to its average volume of 1,717,419. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.40 and a current ratio of 2.21. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 36.49, a PEG ratio of 64.36 and a beta of 2.65. Dana has a twelve month low of $4.22 and a twelve month high of $19.21. The business has a 50 day simple moving average of $13.71 and a 200 day simple moving average of $12.07.

In other news, CFO Jonathan Mark Collins sold 9,386 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $12.76, for a total transaction of $119,765.36. Following the completion of the transaction, the chief financial officer now directly owns 6,965 shares of the company’s stock, valued at approximately $88,873.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.80% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Cerebellum GP LLC purchased a new position in shares of Dana during the 2nd quarter worth approximately $76,000. American National Bank purchased a new stake in Dana in the 3rd quarter worth approximately $61,000. Private Advisor Group LLC purchased a new stake in Dana in the 2nd quarter worth approximately $71,000. Honkamp Krueger Financial Services Inc. purchased a new stake in Dana in the 2nd quarter worth approximately $122,000. Finally, Scotia Capital Inc. purchased a new stake in Dana in the 2nd quarter worth approximately $124,000. 93.90% of the stock is owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Dana (NYSE:DAN)

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