Dana Inc (DAN) Expected to Post Earnings of $0.37 Per Share
Equities research analysts expect that Dana Inc (NYSE:DAN) will post $0.37 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have issued estimates for Dana’s earnings. The lowest EPS estimate is $0.35 and the highest is $0.39. Dana reported earnings per share of $0.34 in the same quarter last year, which would suggest a positive year over year growth rate of 8.8%. The company is scheduled to announce its next earnings report before the market opens on Tuesday, May 2nd.
On average, analysts expect that Dana will report full-year earnings of $1.75 per share for the current year, with EPS estimates ranging from $1.70 to $1.80. For the next financial year, analysts expect that the business will post earnings of $2.04 per share, with EPS estimates ranging from $1.90 to $2.22. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Dana.
Dana (NYSE:DAN) last posted its quarterly earnings data on Thursday, February 9th. The auto parts company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.19. Dana had a return on equity of 29.73% and a net margin of 10.98%. The company earned $1.45 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the business earned $0.34 EPS. Dana’s quarterly revenue was up 5.2% on a year-over-year basis.
This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/04/20/dana-inc-dan-expected-to-post-earnings-of-0-37-per-share.html
Several research analysts recently issued reports on the company. FBR & Co restated a “market perform” rating and set a $17.00 price objective on shares of Dana in a research report on Friday, February 10th. Zacks Investment Research downgraded Dana from a “hold” rating to a “sell” rating in a research report on Wednesday, March 1st. TheStreet upgraded Dana from a “c+” rating to a “b-” rating in a research report on Thursday, February 9th. Barclays PLC restated a “buy” rating and set a $22.00 price objective on shares of Dana in a research report on Wednesday, January 11th. Finally, Royal Bank of Canada restated a “buy” rating and set a $24.00 price objective on shares of Dana in a research report on Tuesday, January 3rd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $21.00.
WARNING: “Dana Inc (DAN) Expected to Post Earnings of $0.37 Per Share” was posted by American Banking News and is the property of of American Banking News. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright laws. The correct version of this article can be read at https://www.americanbankingnews.com/2017/04/20/dana-inc-dan-expected-to-post-earnings-of-0-37-per-share.html.
In other Dana news, EVP Mark E. Wallace sold 83,984 shares of Dana stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $19.60, for a total value of $1,646,086.40. Following the completion of the sale, the executive vice president now directly owns 190,817 shares of the company’s stock, valued at approximately $3,740,013.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.80% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new stake in Dana during the third quarter valued at approximately $104,000. Acrospire Investment Management LLC purchased a new stake in Dana during the third quarter valued at approximately $111,000. Tyers Asset Management LLC purchased a new stake in Dana during the fourth quarter valued at approximately $132,000. LS Investment Advisors LLC boosted its stake in Dana by 3.1% in the third quarter. LS Investment Advisors LLC now owns 9,375 shares of the auto parts company’s stock valued at $146,000 after buying an additional 283 shares during the last quarter. Finally, Flinton Capital Management LLC purchased a new stake in Dana during the fourth quarter valued at approximately $161,000. 95.23% of the stock is owned by hedge funds and other institutional investors.
Shares of Dana (NYSE:DAN) opened at 18.19 on Thursday. Dana has a 1-year low of $9.80 and a 1-year high of $20.62. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 4.17 and a beta of 1.49. The firm’s 50-day moving average price is $18.66 and its 200 day moving average price is $18.05.
The company also recently announced a quarterly dividend, which was paid on Friday, March 24th. Shareholders of record on Friday, March 3rd were paid a $0.06 dividend. The ex-dividend date was Wednesday, March 1st. This represents a $0.24 annualized dividend and a yield of 1.32%. Dana’s payout ratio is currently 5.47%.
Dana Incorporated, formerly Dana Holding Corporation, is a global provider of technology driveline, sealing and thermal-management products. 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Dana Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dana Inc and related companies with MarketBeat.com's FREE daily email newsletter.