Wall Street analysts expect Dana Inc (NYSE:DAN) to announce $1.89 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Dana’s earnings, with the highest sales estimate coming in at $1.90 billion and the lowest estimate coming in at $1.88 billion. Dana reported sales of $1.84 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.7%. The company is scheduled to issue its next earnings results on Tuesday, February 12th.
On average, analysts expect that Dana will report full-year sales of $8.05 billion for the current financial year. For the next fiscal year, analysts anticipate that the company will post sales of $8.32 billion, with estimates ranging from $8.27 billion to $8.38 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Dana.
Dana (NYSE:DAN) last issued its earnings results on Monday, October 29th. The auto parts company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.02. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.94 billion. Dana had a return on equity of 34.30% and a net margin of 2.79%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the company posted $0.59 EPS.
Several research analysts recently weighed in on DAN shares. JPMorgan Chase & Co. raised Dana from a “neutral” rating to an “overweight” rating and set a $24.00 target price on the stock in a research report on Friday, October 19th. Bank of America downgraded Dana from a “buy” rating to a “neutral” rating and set a $21.00 price target for the company. in a report on Thursday, October 18th. Stephens reiterated a “hold” rating and issued a $23.00 price target on shares of Dana in a report on Wednesday, August 1st. Zacks Investment Research upgraded Dana from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. Finally, Wolfe Research upgraded Dana from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $25.80.
Shares of DAN traded down $0.65 during trading hours on Monday, hitting $14.26. The stock had a trading volume of 2,702,706 shares, compared to its average volume of 2,376,551. The company has a current ratio of 1.65, a quick ratio of 1.04 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $2.21 billion, a P/E ratio of 5.66, a price-to-earnings-growth ratio of 1.67 and a beta of 1.88. Dana has a 12-month low of $13.76 and a 12-month high of $35.27.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 9th will be issued a $0.10 dividend. The ex-dividend date is Thursday, November 8th. This represents a $0.40 annualized dividend and a yield of 2.81%. Dana’s dividend payout ratio is currently 15.87%.
Institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. grew its stake in shares of Dana by 54.8% during the second quarter. Macquarie Group Ltd. now owns 9,600 shares of the auto parts company’s stock valued at $194,000 after acquiring an additional 3,400 shares in the last quarter. Global X Management Co LLC acquired a new stake in shares of Dana during the second quarter valued at about $220,000. Signition LP acquired a new stake in shares of Dana during the third quarter valued at about $227,000. Nomura Holdings Inc. acquired a new stake in shares of Dana during the second quarter valued at about $262,000. Finally, PEAK6 Investments L.P. grew its stake in shares of Dana by 157.0% during the second quarter. PEAK6 Investments L.P. now owns 13,866 shares of the auto parts company’s stock valued at $280,000 after acquiring an additional 38,182 shares in the last quarter. Institutional investors own 93.11% of the company’s stock.
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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