Dana Holding Corp. (DAN) Set to Announce Quarterly Earnings on Thursday
Dana Holding Corp. (NYSE:DAN) is set to announce its Q316 earnings results on Thursday, October 20th. Analysts expect the company to announce earnings of $0.43 per share and revenue of $1.42 billion for the quarter.
Shares of Dana Holding Corp. (NYSE:DAN) opened at 14.29 on Wednesday. Dana Holding Corp. has a 12-month low of $9.80 and a 12-month high of $17.44. The firm has a market capitalization of $2.05 billion, a PE ratio of 16.04 and a beta of 1.88. The company’s 50-day moving average price is $14.95 and its 200 day moving average price is $13.15.
A number of brokerages recently commented on DAN. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $14.00 target price (up from $11.00) on shares of Dana Holding Corp. in a research report on Sunday, July 24th. FBR & Co reaffirmed a “buy” rating and issued a $17.00 target price on shares of Dana Holding Corp. in a research report on Friday, July 22nd. Zacks Investment Research raised Dana Holding Corp. from a “sell” rating to a “hold” rating in a research report on Monday, July 25th. Royal Bank Of Canada boosted their target price on Dana Holding Corp. from $11.00 to $14.00 and gave the company a “sector perform” rating in a research report on Friday, July 22nd. Finally, Barclays PLC raised Dana Holding Corp. from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $12.00 to $20.00 in a report on Friday, September 16th. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Dana Holding Corp. has an average rating of “Hold” and an average target price of $16.63.
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In other Dana Holding Corp. news, Director Mark A. Schulz sold 5,444 shares of the business’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $14.43, for a total value of $78,556.92. Following the sale, the director now owns 30,201 shares in the company, valued at approximately $435,800.43. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Schulz sold 10,201 shares of the business’s stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $14.60, for a total transaction of $148,934.60. Following the completion of the sale, the director now owns 20,000 shares in the company, valued at approximately $292,000. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company’s stock.
A number of hedge funds have recently made changes to their positions in DAN. Point72 Asset Management L.P. boosted its stake in shares of Dana Holding Corp. by 265.4% in the second quarter. Point72 Asset Management L.P. now owns 1,120,700 shares of the company’s stock valued at $11,835,000 after buying an additional 814,000 shares during the last quarter. Highbridge Capital Management LLC bought a new stake in shares of Dana Holding Corp. during the second quarter valued at approximately $294,000. Jane Street Group LLC bought a new stake in shares of Dana Holding Corp. during the second quarter valued at approximately $177,000. Cubist Systematic Strategies LLC boosted its stake in shares of Dana Holding Corp. by 377.7% in the second quarter. Cubist Systematic Strategies LLC now owns 55,616 shares of the company’s stock valued at $587,000 after buying an additional 43,973 shares during the last quarter. Finally, Lombard Odier Asset Management USA Corp bought a new stake in shares of Dana Holding Corp. during the second quarter valued at approximately $317,000. Institutional investors and hedge funds own 99.26% of the company’s stock.
Dana Holding Corp. Company Profile
Dana Inc, formerly Dana Holding Corporation, is a provider of high technology driveline, sealing and thermal-management products. The Company offers its products to vehicle manufacturers in the global light vehicle, medium/heavy vehicle and off-highway markets. The Company operates in four segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies.
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