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.

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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.

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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%.

About Dana

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.

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