Equities research analysts predict that Dana Inc (NYSE:DAN) will post $0.54 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Dana’s earnings. The lowest EPS estimate is $0.49 and the highest is $0.65. Dana posted earnings per share of $0.59 in the same quarter last year, which would indicate a negative year-over-year growth rate of 8.5%. The business is expected to issue its next quarterly earnings report on Thursday, February 8th.

On average, analysts expect that Dana will report full year earnings of $2.45 per share for the current fiscal year, with EPS estimates ranging from $2.39 to $2.55. For the next financial year, analysts anticipate that the company will report earnings of $2.72 per share, with EPS estimates ranging from $2.50 to $2.95. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Dana.

Dana (NYSE:DAN) last issued its earnings results on Thursday, October 26th. The auto parts company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.03. Dana had a net margin of 10.27% and a return on equity of 29.34%. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the company earned $0.49 EPS. The firm’s revenue for the quarter was up 32.3% compared to the same quarter last year.

Several equities research analysts have recently commented on the stock. B. Riley restated a “neutral” rating on shares of Dana in a research note on Wednesday, November 1st. Royal Bank Of Canada restated a “buy” rating on shares of Dana in a research note on Friday, October 27th. Barclays boosted their target price on shares of Dana from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Friday, October 27th. Buckingham Research lifted their price target on Dana from $25.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Finally, Zacks Investment Research cut Dana from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Dana currently has an average rating of “Hold” and an average target price of $28.00.

Shares of Dana (NYSE:DAN) traded down $0.06 during trading hours on Tuesday, hitting $32.22. 1,515,098 shares of the stock traded hands, compared to its average volume of 1,480,009. Dana has a 52 week low of $17.40 and a 52 week high of $33.45. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.72 and a quick ratio of 1.17. The firm has a market cap of $4,732.94, a P/E ratio of 13.12 and a beta of 1.67.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 10th were issued a dividend of $0.06 per share. The ex-dividend date was Thursday, November 9th. This represents a $0.24 annualized dividend and a yield of 0.74%. Dana’s dividend payout ratio is currently 5.02%.

In other Dana news, Director Terrence J. Keating sold 2,321 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $29.62, for a total transaction of $68,748.02. Following the completion of the sale, the director now directly owns 52,140 shares of the company’s stock, valued at approximately $1,544,386.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James Kevin Kamsickas sold 57,003 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $31.01, for a total value of $1,767,663.03. Following the sale, the chief executive officer now directly owns 96,312 shares of the company’s stock, valued at $2,986,635.12. The disclosure for this sale can be found here. Insiders have sold a total of 116,762 shares of company stock valued at $3,541,413 over the last three months. Company insiders own 1.60% of the company’s stock.

Large investors have recently made changes to their positions in the business. Royal Bank of Canada grew its position in shares of Dana by 47.3% during the 2nd quarter. Royal Bank of Canada now owns 208,043 shares of the auto parts company’s stock worth $4,646,000 after buying an additional 66,827 shares during the period. Vanguard Group Inc. grew its position in shares of Dana by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 12,122,567 shares of the auto parts company’s stock worth $270,696,000 after buying an additional 391,487 shares during the period. SG Americas Securities LLC grew its position in shares of Dana by 51.0% during the 2nd quarter. SG Americas Securities LLC now owns 60,545 shares of the auto parts company’s stock worth $1,352,000 after buying an additional 20,451 shares during the period. Great West Life Assurance Co. Can grew its position in shares of Dana by 1.1% during the 2nd quarter. Great West Life Assurance Co. Can now owns 85,680 shares of the auto parts company’s stock worth $1,912,000 after buying an additional 942 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of Dana by 14.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 3,884,437 shares of the auto parts company’s stock worth $86,740,000 after buying an additional 481,611 shares during the period. 96.49% of the stock is owned by hedge funds and other institutional investors.

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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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Earnings History and Estimates for Dana (NYSE:DAN)

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