$1.77 Billion in Sales Expected for Dana Inc (DAN) This Quarter

Analysts predict that Dana Inc (NYSE:DAN) will post sales of $1.77 billion for the current quarter, according to Zacks. Three analysts have issued estimates for Dana’s earnings, with estimates ranging from $1.74 billion to $1.82 billion. Dana reported sales of $1.45 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 22.1%. The company is expected to announce its next earnings results before the market opens on Tuesday, February 13th.

According to Zacks, analysts expect that Dana will report full-year sales of $1.77 billion for the current year. For the next fiscal year, analysts anticipate that the company will report sales of $7.63 billion per share. Zacks’ sales calculations are an average based on a survey of analysts that follow Dana.

Several research firms have weighed in on DAN. Zacks Investment Research upgraded Dana from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Tuesday, February 6th. Guggenheim restated a “buy” rating and set a $40.00 target price on shares of Dana in a research note on Wednesday, January 10th. Barclays restated a “hold” rating and set a $32.00 target price on shares of Dana in a research note on Tuesday, January 9th. ValuEngine downgraded shares of Dana from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Finally, Deutsche Bank upped their price target on shares of Dana from $24.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, November 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $29.40.

Shares of Dana (NYSE DAN) opened at $30.24 on Tuesday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.17 and a current ratio of 1.72. Dana has a 12 month low of $17.53 and a 12 month high of $35.27. The firm has a market capitalization of $4,249.07, a price-to-earnings ratio of 6.33 and a beta of 1.66.

Dana declared that its Board of Directors has initiated a stock repurchase program on Wednesday, January 17th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the auto parts company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

In related news, CEO James Kevin Kamsickas sold 57,003 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 96,312 shares in the company, valued at $2,986,635.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Aziz Aghili sold 12,624 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $33.12, for a total value of $418,106.88. Following the completion of the sale, the insider now owns 18,024 shares of the company’s stock, valued at $596,954.88. The disclosure for this sale can be found here. Insiders have sold 150,533 shares of company stock valued at $4,873,626 over the last quarter. Company insiders own 1.60% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its holdings in Dana by 47.3% in the second quarter. Royal Bank of Canada now owns 208,043 shares of the auto parts company’s stock valued at $4,646,000 after purchasing an additional 66,827 shares during the period. Mackenzie Financial Corp increased its holdings in Dana by 458.2% in the third quarter. Mackenzie Financial Corp now owns 350,010 shares of the auto parts company’s stock valued at $9,786,000 after purchasing an additional 287,310 shares during the period. JPMorgan Chase & Co. increased its holdings in Dana by 8.4% in the third quarter. JPMorgan Chase & Co. now owns 1,506,002 shares of the auto parts company’s stock valued at $42,198,000 after purchasing an additional 117,044 shares during the period. Blue Rock Advisors LLC acquired a new stake in Dana in the third quarter valued at $983,000. Finally, Legal & General Group Plc increased its holdings in Dana by 6.9% in the third quarter. Legal & General Group Plc now owns 250,426 shares of the auto parts company’s stock valued at $7,001,000 after purchasing an additional 16,060 shares during the period. Institutional investors and hedge funds own 96.71% of the company’s stock.

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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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