Dana (NYSE:DAN) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $2.60-2.90 for the period, compared to the Thomson Reuters consensus estimate of $2.88. The company issued revenue guidance of $7.5-7.7 billion, compared to the consensus revenue estimate of $7.76 billion.
Shares of Dana (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 52 week low of $17.53 and a 52 week high of $35.27. The stock has a market capitalization of $4,249.07, a PE ratio of 11.78 and a beta of 1.66.
Dana (NYSE:DAN) last issued its quarterly earnings results on Tuesday, February 13th. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.09. Dana had a return on equity of 29.34% and a net margin of 10.27%. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the company posted $0.59 earnings per share. The company’s revenue was up 27.0% compared to the same quarter last year. sell-side analysts forecast that Dana will post 2.44 EPS for the current year.
A number of research firms have recently weighed in on DAN. Guggenheim reissued a buy rating and issued a $40.00 target price on shares of Dana in a research note on Wednesday, January 10th. Barclays reissued a hold rating and issued a $32.00 target price on shares of Dana in a research note on Tuesday, January 9th. ValuEngine lowered Dana from a strong-buy rating to a buy rating in a research note on Friday, December 1st. Deutsche Bank boosted their price target on Dana from $24.00 to $30.00 and gave the company a hold rating in a report on Friday, November 17th. Finally, B. Riley restated a neutral rating on shares of Dana in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $29.40.
In related news, Director Virginia A. Kamsky sold 7,323 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $32.14, for a total value of $235,361.22. Following the sale, the director now owns 35,448 shares in the company, valued at approximately $1,139,298.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Aziz Aghili sold 12,624 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was 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 in the company, valued at approximately $596,954.88. The disclosure for this sale can be found here. Insiders sold a total of 150,533 shares of company stock worth $4,873,626 in the last 90 days. 1.60% of the stock is currently owned by company insiders.
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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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