Zacks: Brokerages Anticipate Dana Inc (DAN) Will Announce Quarterly Sales of $1.75 Billion
Brokerages expect that Dana Inc (NYSE:DAN) will announce sales of $1.75 billion for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Dana’s earnings. The lowest sales estimate is $1.74 billion and the highest is $1.78 billion. Dana reported sales of $1.45 billion in the same quarter last year, which indicates a positive year over year growth rate of 20.7%. The business is expected to announce its next earnings results on Thursday, February 8th.
According to Zacks, analysts expect that Dana will report full-year sales of $1.75 billion for the current financial year, with estimates ranging from $7.09 billion to $7.15 billion. For the next financial year, analysts expect that the firm will report sales of $7.60 billion per share, with estimates ranging from $7.44 billion to $7.74 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Dana.
Dana (NYSE:DAN) last posted its earnings results on Thursday, October 26th. The auto parts company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. Dana had a return on equity of 29.34% and a net margin of 10.27%. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the business earned $0.49 earnings per share. Dana’s revenue was up 32.3% on a year-over-year basis.
Shares of Dana (NYSE DAN) opened at $31.80 on Thursday. Dana has a twelve month low of $17.53 and a twelve month high of $33.45. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $4,667.74, a price-to-earnings ratio of 12.94 and a beta of 1.67.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 10th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Thursday, November 9th. Dana’s dividend payout ratio (DPR) is presently 5.02%.
In other Dana news, SVP Rodney R. Filcek sold 3,292 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $30.18, for a total value of $99,352.56. Following the transaction, the senior vice president now directly owns 50,251 shares of the company’s stock, valued at approximately $1,516,575.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James Kevin Kamsickas sold 57,003 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $31.01, for a total transaction of $1,767,663.03. Following the completion of the transaction, the chief executive officer now directly owns 96,312 shares in the company, 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 worth $3,541,413 over the last 90 days. Insiders own 1.60% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Dana by 11.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,055 shares of the auto parts company’s stock valued at $113,000 after buying an additional 520 shares during the period. Boothbay Fund Management LLC purchased a new stake in shares of Dana during the 3rd quarter valued at approximately $204,000. ETRADE Capital Management LLC purchased a new stake in shares of Dana during the 2nd quarter valued at approximately $205,000. First Allied Advisory Services Inc. purchased a new stake in shares of Dana during the 3rd quarter valued at approximately $206,000. Finally, US Bancorp DE raised its position in shares of Dana by 1.4% during the 2nd quarter. US Bancorp DE now owns 9,605 shares of the auto parts company’s stock valued at $214,000 after buying an additional 129 shares during the period. 96.49% of the stock is currently owned by institutional investors and hedge funds.
Dana Company Profile
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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