Dana Inc (DAN) Expected to Post Earnings of $0.53 Per Share

Equities analysts expect Dana Inc (NYSE:DAN) to report earnings per share (EPS) of $0.53 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Dana’s earnings, with the lowest EPS estimate coming in at $0.49 and the highest estimate coming in at $0.60. Dana reported earnings per share of $0.59 in the same quarter last year, which would indicate a negative year-over-year growth rate of 10.2%. The business is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, February 13th.

According to Zacks, analysts expect that Dana will report full year earnings of $2.44 per share for the current financial year, with EPS estimates ranging from $2.39 to $2.50. For the next fiscal year, analysts forecast that the company will post earnings of $2.76 per share, with EPS estimates ranging from $2.50 to $2.95. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Dana.

A number of research analysts recently issued reports on DAN shares. Zacks Investment Research lowered shares of Dana from a “buy” rating to a “hold” rating in a report on Monday, February 5th. ValuEngine downgraded shares of Dana from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Deutsche Bank increased their target price on shares of Dana from $24.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, November 17th. Buckingham Research increased their target price on shares of Dana from $25.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Finally, Barclays increased their target price on shares of Dana from $28.00 to $30.00 and gave the company an “equal weight” rating in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. Dana has a consensus rating of “Hold” and a consensus price target of $29.40.

Shares of Dana (NYSE DAN) traded up $0.08 during midday trading on Friday, reaching $29.33. 1,892,959 shares of the company were exchanged, compared to its average volume of 1,470,000. The company has a market cap of $4,250.00, a price-to-earnings ratio of 6.15 and a beta of 1.66. Dana has a 1-year low of $17.53 and a 1-year high of $35.27. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 1.36.

Dana announced that its board has authorized a share repurchase plan on Wednesday, January 17th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the auto parts company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

In other news, insider Aziz Aghili sold 12,624 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $33.12, for a total transaction of $418,106.88. Following the completion of the sale, the insider now owns 18,024 shares of the company’s stock, valued at approximately $596,954.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Dwayne Matthews sold 33,244 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $33.22, for a total transaction of $1,104,365.68. Following the sale, the insider now directly owns 65,267 shares of the company’s stock, valued at approximately $2,168,169.74. The disclosure for this sale can be found here. Insiders have sold a total of 150,533 shares of company stock valued at $4,873,626 in the last three months. Insiders own 1.60% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Suntrust Banks Inc. acquired a new stake in shares of Dana during the 4th quarter worth approximately $380,000. Arrowstreet Capital Limited Partnership grew its position in shares of Dana by 1,385.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 623,028 shares of the auto parts company’s stock worth $19,943,000 after buying an additional 581,092 shares during the period. Itau Unibanco Holding S.A. grew its position in shares of Dana by 29.6% during the 4th quarter. Itau Unibanco Holding S.A. now owns 17,791 shares of the auto parts company’s stock worth $569,000 after buying an additional 4,060 shares during the period. UBS Asset Management Americas Inc. grew its position in shares of Dana by 26.1% during the 4th quarter. UBS Asset Management Americas Inc. now owns 359,652 shares of the auto parts company’s stock worth $11,512,000 after buying an additional 74,456 shares during the period. Finally, BlackRock Inc. grew its position in shares of Dana by 4.2% during the 4th quarter. BlackRock Inc. now owns 15,675,484 shares of the auto parts company’s stock worth $501,773,000 after buying an additional 626,094 shares during the period. 97.58% of the stock is owned by 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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