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.
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.
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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