Dana Inc to Post FY2018 Earnings of $2.75 Per Share, Gabelli Forecasts (DAN)

Dana Inc (NYSE:DAN) – Investment analysts at Gabelli lifted their FY2018 earnings estimates for Dana in a report released on Wednesday. Gabelli analyst B. Sponheimer now expects that the auto parts company will post earnings per share of $2.75 for the year, up from their previous forecast of $2.70. Gabelli currently has a “Buy” rating on the stock. Gabelli also issued estimates for Dana’s FY2020 earnings at $3.30 EPS and FY2022 earnings at $3.75 EPS.

Dana (NYSE:DAN) last announced its quarterly 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 company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the prior year, the business posted $0.59 EPS. Dana’s revenue was up 27.0% on a year-over-year basis.

DAN has been the subject of several other reports. Guggenheim set a $36.00 price objective on Dana and gave the company a “buy” rating in a research report on Wednesday. TheStreet downgraded Dana from a “b” rating to a “c” rating in a research report on Tuesday. FBR & Co reissued a “neutral” rating and issued a $25.00 price objective (up previously from $17.00) on shares of Dana in a report on Friday, October 27th. Royal Bank of Canada reissued a “buy” rating on shares of Dana in a report on Friday, October 27th. 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 analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. Dana has an average rating of “Hold” and a consensus price target of $29.55.

Shares of Dana (DAN) traded down $0.29 on Thursday, hitting $28.31. The company had a trading volume of 282,809 shares, compared to its average volume of 1,573,281. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.69 and a quick ratio of 1.17. Dana has a 1-year low of $17.53 and a 1-year high of $35.27. The firm has a market cap of $4,191.12, a price-to-earnings ratio of 40.93 and a beta of 1.66.

Dana announced that its board has approved a stock buyback 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 buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

In other news, CEO James Kevin Kamsickas sold 57,003 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $31.01, for a total transaction of $1,767,663.03. Following the completion of the transaction, the chief executive officer now directly owns 96,312 shares in the company, valued at $2,986,635.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Aziz Aghili sold 12,624 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $33.12, for a total value of $418,106.88. Following the transaction, 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 sold 150,533 shares of company stock worth $4,873,626 in the last 90 days. 1.60% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Ameritas Investment Partners Inc. increased its holdings in shares of Dana by 1.5% during the second quarter. Ameritas Investment Partners Inc. now owns 56,136 shares of the auto parts company’s stock valued at $1,254,000 after acquiring an additional 805 shares in the last quarter. Teachers Advisors LLC increased its holdings in shares of Dana by 0.9% during the fourth quarter. Teachers Advisors LLC now owns 265,343 shares of the auto parts company’s stock valued at $8,494,000 after acquiring an additional 2,270 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Dana by 48.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,502 shares of the auto parts company’s stock valued at $240,000 after acquiring an additional 2,447 shares in the last quarter. Tyers Asset Management LLC increased its holdings in shares of Dana by 23.1% during the fourth quarter. Tyers Asset Management LLC now owns 15,820 shares of the auto parts company’s stock valued at $506,000 after acquiring an additional 2,968 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Dana by 1.1% during the fourth quarter. Rhumbline Advisers now owns 309,003 shares of the auto parts company’s stock valued at $9,891,000 after acquiring an additional 3,218 shares in the last quarter. Institutional investors 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.

Earnings History and Estimates for Dana (NYSE:DAN)

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