Dana Holding Co. (DAN) Releases FY14 Earnings Guidance
Dana Holding Co. (NYSE:DAN) updated its FY14 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $1.82-1.86 for the period, compared to the Thomson Reuters consensus estimate of $1.89, American Banking and Market News reports. The company issued revenue guidance of $6.8-6.9 billion, compared to the consensus revenue estimate of $6.90 billion.
Dana Holding Co. (NYSE:DAN) opened at 23.35 on Friday. Dana Holding Co. has a 1-year low of $16.48 and a 1-year high of $23.63. The stock has a 50-day moving average of $22.4 and a 200-day moving average of $20.73. The company’s market cap is $3.457 billion.
Dana Holding (NYSE:DAN) last announced its earnings results on Friday, April 25th. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.39 by $0.07. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. On average, analysts predict that Dana Holding Co. will post $1.91 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on DAN shares. Analysts at JPMorgan Chase & Co. reiterated a neutral rating on shares of Dana Holding in a research note on Tuesday. They now have a $25.00 price target on the stock. On a related note, analysts at RBC Capital raised their price target on shares of Dana Holding from $27.00 to $28.00 in a research note on Tuesday, April 15th. Finally, analysts at RBC Capital raised their price target on shares of Dana Holding from $25.00 to $27.00 in a research note on Friday, February 21st. They now have an outperform rating on the stock. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $23.38.
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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