Dana Incorporated (DAN) Forecasted to Earn FY2017 Earnings of $2.30 Per Share
Dana Incorporated (NYSE:DAN) – Equities research analysts at Gabelli upped their FY2017 earnings estimates for shares of Dana in a note issued to investors on Tuesday. Gabelli analyst B. Sponheimer now expects that the auto parts company will earn $2.30 per share for the year, up from their previous forecast of $1.95. Gabelli also issued estimates for Dana’s FY2018 earnings at $2.55 EPS, FY2019 earnings at $2.80 EPS, FY2020 earnings at $2.95 EPS and FY2021 earnings at $3.20 EPS.
DAN has been the topic of a number of other reports. Buckingham Research increased their price target on shares of Dana from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday. BidaskClub raised shares of Dana from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. CLSA assumed coverage on shares of Dana in a report on Thursday, June 22nd. They issued a “buy” rating and a $27.00 price target on the stock. Susquehanna Bancshares Inc downgraded shares of Dana from a “neutral” rating to a “negative” rating and set a $19.00 price target on the stock. in a report on Thursday, July 13th. Finally, Zacks Investment Research upgraded shares of Dana from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. Dana has an average rating of “Hold” and an average price target of $23.50.
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Dana (NYSE:DAN) opened at 24.25 on Friday. The firm has a 50-day moving average of $22.79 and a 200 day moving average of $20.41. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 5.14 and a beta of 1.49. Dana has a 12-month low of $12.79 and a 12-month high of $25.10.
Dana (NYSE:DAN) last released its earnings results on Monday, July 31st. The auto parts company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.51 by $0.17. Dana had a net margin of 10.80% and a return on equity of 30.79%. The firm had revenue of $18.40 million for the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the firm earned $0.53 EPS. The business’s quarterly revenue was down 98.8% compared to the same quarter last year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Frontier Capital Management Co. LLC boosted its position in shares of Dana by 163.7% in the second quarter. Frontier Capital Management Co. LLC now owns 2,875,693 shares of the auto parts company’s stock valued at $64,214,000 after buying an additional 1,784,986 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Dana by 51.0% in the second quarter. SG Americas Securities LLC now owns 60,545 shares of the auto parts company’s stock valued at $1,352,000 after buying an additional 20,451 shares in the last quarter. Rational Advisors LLC purchased a new position in shares of Dana during the second quarter valued at about $313,000. Teacher Retirement System of Texas boosted its position in shares of Dana by 1.3% in the second quarter. Teacher Retirement System of Texas now owns 11,550 shares of the auto parts company’s stock valued at $258,000 after buying an additional 143 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Dana by 335.2% in the second quarter. First Trust Advisors LP now owns 193,498 shares of the auto parts company’s stock valued at $4,321,000 after buying an additional 149,034 shares in the last quarter. Hedge funds and other institutional investors own 97.36% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Wednesday, August 9th. Dana’s payout ratio is currently 5.10%.
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.
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