Dana (DAN) Releases FY18 Earnings Guidance

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.

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

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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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.

Earnings History and Estimates for Dana (NYSE:DAN)

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