Dana Inc (DAN) Expected to Post Earnings of $0.70 Per Share

Equities analysts forecast that Dana Inc (NYSE:DAN) will report earnings of $0.70 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Dana’s earnings, with the lowest EPS estimate coming in at $0.65 and the highest estimate coming in at $0.73. Dana posted earnings per share of $0.75 during the same quarter last year, which would suggest a negative year-over-year growth rate of 6.7%. The company is expected to issue its next earnings results on Monday, April 29th.

On average, analysts expect that Dana will report full year earnings of $3.24 per share for the current fiscal year, with EPS estimates ranging from $3.06 to $3.35. For the next year, analysts anticipate that the business will report earnings of $3.51 per share, with EPS estimates ranging from $3.15 to $3.80. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Dana.

Get Dana alerts:

Dana (NYSE:DAN) last released its quarterly earnings results on Friday, February 15th. The auto parts company reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.05. Dana had a net margin of 5.24% and a return on equity of 33.01%. The company had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the prior year, the company earned $0.62 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year.

Several analysts have recently weighed in on DAN shares. TheStreet raised shares of Dana from a “c” rating to a “b” rating in a report on Wednesday, February 20th. KeyCorp set a $20.00 price objective on shares of Dana and gave the company a “buy” rating in a research note on Friday, January 18th. Zacks Investment Research raised shares of Dana from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Tuesday, January 15th. Barclays set a $23.00 price target on shares of Dana and gave the stock a “buy” rating in a research report on Friday, January 4th. Finally, UBS Group raised shares of Dana from a “neutral” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Friday, January 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. Dana has a consensus rating of “Hold” and an average target price of $21.91.

Shares of NYSE DAN traded down $0.34 during mid-day trading on Tuesday, hitting $20.18. The company had a trading volume of 1,903,211 shares, compared to its average volume of 1,951,727. Dana has a 12 month low of $12.65 and a 12 month high of $28.27. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.07 and a current ratio of 1.66. The stock has a market cap of $2.97 billion, a PE ratio of 6.79, a PEG ratio of 1.46 and a beta of 1.90.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 1st will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, February 28th. This represents a $0.40 annualized dividend and a dividend yield of 1.98%. Dana’s dividend payout ratio is presently 13.47%.

Several institutional investors have recently added to or reduced their stakes in the company. Amalgamated Bank increased its stake in shares of Dana by 109.5% during the 4th quarter. Amalgamated Bank now owns 22,742 shares of the auto parts company’s stock worth $310,000 after purchasing an additional 11,888 shares during the last quarter. Weber Alan W boosted its holdings in shares of Dana by 3.4% during the 4th quarter. Weber Alan W now owns 770,993 shares of the auto parts company’s stock worth $10,509,000 after buying an additional 25,000 shares during the period. Legal & General Group Plc boosted its holdings in shares of Dana by 4.5% during the 4th quarter. Legal & General Group Plc now owns 214,545 shares of the auto parts company’s stock worth $2,924,000 after buying an additional 9,185 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of Dana by 4.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 36,705 shares of the auto parts company’s stock worth $500,000 after buying an additional 1,614 shares during the period. Finally, Voloridge Investment Management LLC bought a new stake in shares of Dana during the 4th quarter worth about $1,404,000. Institutional investors own 93.62% of the company’s stock.

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.

Featured Article: Certificate of Deposit (CD) For Risk Adverse Investors?

Get a free copy of the Zacks research report on Dana (DAN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com