Dana Inc (NYSE:DAN) – Research analysts at B. Riley boosted their Q1 2018 earnings per share (EPS) estimates for shares of Dana in a research note issued to investors on Wednesday. B. Riley analyst C. Horn now expects that the auto parts company will post earnings of $0.68 per share for the quarter, up from their prior forecast of $0.66. B. Riley has a “Neutral” rating on the stock. B. Riley also issued estimates for Dana’s Q2 2018 earnings at $0.73 EPS, Q3 2018 earnings at $0.69 EPS, Q4 2018 earnings at $0.66 EPS, FY2018 earnings at $2.76 EPS, Q1 2019 earnings at $0.75 EPS, Q2 2019 earnings at $0.81 EPS, Q3 2019 earnings at $0.77 EPS, Q4 2019 earnings at $0.74 EPS and FY2019 earnings at $3.07 EPS.
A number of other brokerages have also commented on DAN. Guggenheim reissued a “buy” rating and set a $40.00 price objective on shares of Dana in a report on Wednesday, January 10th. Barclays reissued a “hold” rating and set a $32.00 price objective on shares of Dana in a report on Tuesday, January 9th. ValuEngine lowered Dana from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Deutsche Bank boosted their price objective on Dana from $24.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, November 17th. Finally, Zacks Investment Research raised Dana from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $29.55.
Dana (NYSE:DAN) last issued its earnings results on Tuesday, February 13th. The auto parts company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.09. Dana had a return on equity of 30.70% and a net margin of 1.54%. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the company posted $0.59 EPS. The firm’s revenue was up 27.0% compared to the same quarter last year.
Dana declared that its board has initiated a stock repurchase plan on Wednesday, January 17th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the auto parts company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
In other news, 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 transaction, the insider now directly owns 18,024 shares of the company’s stock, valued at $596,954.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark E. Wallace sold 40,339 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $33.42, for a total value of $1,348,129.38. Following the completion of the transaction, the executive vice president now directly owns 108,139 shares of the company’s stock, valued at $3,614,005.38. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 150,533 shares of company stock valued at $4,873,626. 1.60% of the stock is currently owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in DAN. Advisors Preferred LLC bought a new position in shares of Dana in the fourth quarter valued at approximately $120,000. Macquarie Group Ltd. bought a new position in shares of Dana in the fourth quarter valued at approximately $141,000. Boothbay Fund Management LLC bought a new position in shares of Dana in the third quarter valued at approximately $204,000. Advisory Services Network LLC bought a new position in shares of Dana in the fourth quarter valued at approximately $204,000. Finally, First Allied Advisory Services Inc. bought a new position in shares of Dana in the third quarter valued at approximately $206,000. 96.71% of the stock is owned by institutional investors.
COPYRIGHT VIOLATION WARNING: This article was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this article on another site, it was illegally stolen and reposted in violation of US and international copyright law. The original version of this article can be read at https://www.americanbankingnews.com/2018/02/15/b-riley-research-analysts-lift-earnings-estimates-for-dana-inc-dan.html.
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.
Receive News & Ratings for Dana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dana and related companies with MarketBeat.com's FREE daily email newsletter.