Dana Incorporated (DAN) Expected to Post Quarterly Sales of $1.73 Billion
Wall Street analysts expect Dana Incorporated (NYSE:DAN) to report $1.73 billion in sales for the current quarter, according to Zacks. Four analysts have made estimates for Dana’s earnings, with the lowest sales estimate coming in at $1.64 billion and the highest estimate coming in at $1.78 billion. Dana posted sales of $1.45 billion in the same quarter last year, which would indicate a positive year over year growth rate of 19.3%. The business is expected to announce its next earnings report on Thursday, February 8th.
According to Zacks, analysts expect that Dana will report full year sales of $1.73 billion for the current fiscal year, with estimates ranging from $6.93 billion to $7.15 billion. For the next year, analysts anticipate that the firm will report sales of $7.54 billion per share, with estimates ranging from $7.42 billion to $7.70 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Dana.
Dana (NYSE:DAN) last posted its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.03. Dana had a return on equity of 29.34% and a net margin of 10.27%. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the firm earned $0.49 earnings per share. Dana’s revenue for the quarter was up 32.3% compared to the same quarter last year.
DAN has been the topic of several recent analyst reports. B. Riley reissued a “neutral” rating on shares of Dana in a research note on Wednesday, November 1st. Barclays PLC reiterated an “equal weight” rating and set a $26.00 price target (up previously from $24.00) on shares of Dana in a report on Wednesday, August 2nd. Buckingham Research upped their price target on Dana from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday, August 2nd. Deutsche Bank AG upped their price objective on Dana from $24.00 to $30.00 and gave the company a “hold” rating in a research note on Friday. Finally, BidaskClub downgraded Dana from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $28.00.
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Dana (NYSE:DAN) opened at $31.18 on Friday. The stock has a market capitalization of $4,517.08, a PE ratio of 12.52 and a beta of 1.64. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.72 and a quick ratio of 1.17. Dana has a 12-month low of $16.40 and a 12-month high of $31.91.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Thursday, November 9th. Dana’s payout ratio is presently 5.02%.
In other news, CEO James Kevin Kamsickas sold 57,003 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $31.01, for a total value of $1,767,663.03. Following the completion of the transaction, the chief executive officer now owns 96,312 shares of the company’s stock, valued at $2,986,635.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Terrence J. Keating sold 2,321 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $29.62, for a total value of $68,748.02. Following the completion of the transaction, the director now directly owns 52,140 shares of the company’s stock, valued at approximately $1,544,386.80. The disclosure for this sale can be found here. Insiders sold 116,762 shares of company stock valued at $3,541,413 in the last 90 days. Company insiders own 1.60% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Dana by 3.3% in the second quarter. Vanguard Group Inc. now owns 12,122,567 shares of the auto parts company’s stock worth $270,696,000 after buying an additional 391,487 shares in the last quarter. State Street Corp raised its position in Dana by 3.3% during the second quarter. State Street Corp now owns 5,224,885 shares of the auto parts company’s stock valued at $116,673,000 after purchasing an additional 165,291 shares during the period. Dimensional Fund Advisors LP raised its position in Dana by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 4,413,135 shares of the auto parts company’s stock valued at $123,392,000 after purchasing an additional 70,332 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Dana by 14.2% during the second quarter. Goldman Sachs Group Inc. now owns 3,884,437 shares of the auto parts company’s stock valued at $86,740,000 after buying an additional 481,611 shares during the last quarter. Finally, Frontier Capital Management Co. LLC grew its stake in shares of Dana by 24.9% during the third quarter. Frontier Capital Management Co. LLC now owns 3,592,845 shares of the auto parts company’s stock valued at $100,456,000 after buying an additional 717,152 shares during the last quarter. Institutional investors own 94.99% of the company’s stock.
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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