Dana (DAN) Receives News Impact Score of 0.08
Headlines about Dana (NYSE:DAN) have been trending somewhat positive recently, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Dana earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave headlines about the auto parts company an impact score of 45.34577382875 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern’s rankings:
- BRIEF-Dana Inc Sees FY 2018 Sales $7.5 Billion To $7.7 Billion (wardsauto.com)
- Dana Announces Strong Preliminary 2017 Financial Results And Guidance For 2018 (aftermarketnews.com)
- Dana raises targets for 2019 as sales climb (marketwatch.com)
- Dana Incorporated Announces Strong Preliminary 2017 Financial Results and Guidance for 2018, Increased Outlook for 2019, $800 Million of Sales Backlog, and Increase to Quarterly Dividend (finance.yahoo.com)
- Dana (DAN) Updates FY18 Earnings Guidance (americanbankingnews.com)
Dana (DAN) traded up $0.62 during trading on Wednesday, hitting $34.55. 1,083,086 shares of the stock were exchanged, compared to its average volume of 1,260,000. The stock has a market cap of $5,010.00, a P/E ratio of 7.24 and a beta of 1.67. Dana has a twelve month low of $17.53 and a twelve month high of $35.27. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 1.36.
Dana (NYSE:DAN) last released its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.71 billion. Dana had a net margin of 10.27% and a return on equity of 29.34%. The business’s revenue was up 32.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 EPS. equities research analysts forecast that Dana will post 2.45 earnings per share for the current year.
A number of equities analysts have commented on DAN shares. FBR & Co reaffirmed a “neutral” rating and set a $25.00 target price (up from $17.00) on shares of Dana in a research note on Friday, October 27th. Zacks Investment Research raised shares of Dana from a “hold” rating to a “strong-buy” rating and set a $34.00 target price on the stock in a research note on Monday, October 23rd. Barclays set a $28.00 target price on shares of Dana and gave the stock a “hold” rating in a research note on Friday, October 20th. Royal Bank of Canada reaffirmed a “buy” rating and set a $27.00 target price on shares of Dana in a research note on Thursday, October 5th. Finally, ValuEngine downgraded shares of Dana from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Dana currently has a consensus rating of “Hold” and an average price target of $29.50.
In other news, Director Terrence J. Keating sold 2,321 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $29.62, for a total value of $68,748.02. Following the sale, the director now directly owns 52,140 shares of the company’s stock, valued at approximately $1,544,386.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Virginia A. Kamsky sold 7,323 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $32.14, for a total transaction of $235,361.22. Following the completion of the sale, the director now directly owns 35,448 shares in the company, valued at $1,139,298.72. The disclosure for this sale can be found here. Insiders sold a total of 124,085 shares of company stock worth $3,776,775 over the last three months. Insiders own 1.60% of the company’s stock.
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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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