Dana Incorporated (DAN) to Release Earnings on Wednesday
Dana Incorporated (NYSE:DAN) will release its earnings data before the market opens on Wednesday, October 18th. Analysts expect Dana to post earnings of $0.52 per share for the quarter. Dana has set its FY17 guidance at $2.20-2.40 EPS.
Dana (NYSE:DAN) last announced its quarterly earnings results on Monday, July 31st. The auto parts company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.17. The company had revenue of $18.40 million for the quarter, compared to analyst estimates of $1.67 billion. Dana had a net margin of 10.80% and a return on equity of 30.79%. The firm’s revenue was down 98.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 EPS. On average, analysts expect Dana to post $2.35 EPS for the current fiscal year and $2.53 EPS for the next fiscal year.
Shares of Dana Incorporated (DAN) opened at 28.35 on Monday. The company’s 50 day moving average is $26.45 and its 200 day moving average is $22.69. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of 6.01 and a beta of 1.56. Dana Incorporated has a one year low of $13.93 and a one year high of $29.16.
Several research firms recently weighed in on DAN. Royal Bank Of Canada restated a “buy” rating and issued a $27.00 price objective on shares of Dana in a research report on Thursday, October 5th. Barclays PLC cut shares of Dana from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $23.00 to $24.00 in a research report on Wednesday, July 19th. BidaskClub upgraded shares of Dana from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. UBS AG restated a “neutral” rating and issued a $24.00 price objective (up from $20.00) on shares of Dana in a research report on Tuesday, August 1st. Finally, Buckingham Research upped their price objective on shares of Dana from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Dana has an average rating of “Hold” and an average price target of $23.80.
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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