Dana Holding Corp. (DAN) Issues FY14 Earnings Guidance
Dana Holding Corp. (NYSE:DAN) updated its FY14 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.82-1.86 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.90, American Banking & Market News reports. The company issued revenue guidance of $6.8-6.9 billion, compared to the consensus revenue estimate of $6.93 billion.
A number of research firms have recently commented on DAN. Analysts at Goldman Sachs Group Inc. upgraded shares of Dana Holding Corp. from a neutral rating to a buy rating in a research note to investors on Thursday, January 9th. They now have a $25.00 price target on the stock, up previously from $22.00. On a related note, analysts at Morgan Stanley cut their price target on shares of Dana Holding Corp. from $23.00 to $21.00 in a research note to investors on Tuesday, December 17th. Finally, analysts at UBS AG downgraded shares of Dana Holding Corp. from a buy rating to a neutral rating in a research note to investors on Friday, December 6th. They now have a $20.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $22.31.
Dana Holding Corp. (NYSE:DAN) opened at 18.83 on Tuesday. Dana Holding Corp. has a 52-week low of $15.17 and a 52-week high of $23.46. The stock’s 50-day moving average is $19.33 and its 200-day moving average is $20.88. The company has a market cap of $2.766 billion and a P/E ratio of 95.58.
Dana Holding Corp. (NYSE:DAN) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.47 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.54 by $0.07. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter last year, the company posted $0.37 earnings per share. Dana Holding Corp.’s revenue was down 2.7% compared to the same quarter last year. Analysts expect that Dana Holding Corp. will post $1.72 EPS for the current fiscal year.
Dana Holding Corporation is global provider of technology driveline, sealing and thermal-management products for vehicle manufacturer in the on-highway and off-highway markets.
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