Dana Incorporated (DAN) to Release Earnings on Wednesday
Dana Incorporated (NYSE:DAN) is scheduled to post its quarterly earnings results before the market opens on Wednesday, October 18th. Analysts expect Dana to post earnings of $0.52 per share for the quarter. Dana has set its FY17 guidance at $2.20-2.40 EPS.
Dana (NYSE:DAN) last released its quarterly earnings data on Monday, July 31st. The auto parts company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.17. The firm had revenue of $18.40 million for the quarter, compared to analyst estimates of $1.67 billion. Dana had a net margin of 10.80% and a return on equity of 30.79%. The company’s revenue for the quarter was down 98.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 EPS. On average, analysts expect Dana to post $2.33 EPS for the current fiscal year and $2.53 EPS for the next fiscal year.
Dana Incorporated (DAN) opened at 28.44 on Wednesday. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of 6.03 and a beta of 1.56. The firm has a 50-day moving average of $25.87 and a 200 day moving average of $22.48. Dana Incorporated has a 1-year low of $13.93 and a 1-year high of $29.16.
A number of analysts have recently issued reports on DAN shares. Guggenheim started coverage on shares of Dana in a report on Wednesday, June 21st. They issued a “buy” rating and a $27.00 price objective on the stock. CLSA started coverage on shares of Dana in a report on Thursday, June 22nd. They issued a “buy” rating and a $27.00 price objective on the stock. Deutsche Bank AG downgraded shares of Dana from a “buy” rating to a “hold” rating and set a $20.00 price objective on the stock. in a report on Thursday, June 22nd. Zacks Investment Research downgraded shares of Dana from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, BidaskClub upgraded shares of Dana from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $23.80.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/10/11/dana-incorporated-dan-to-release-earnings-on-wednesday.html.
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.
Receive News & Ratings for Dana Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dana Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.