Dana (NYSE:DAN) Issues FY 2024 Earnings Guidance

Dana (NYSE:DAN) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 0.350-0.850 for the period, compared to the consensus EPS estimate of 0.890. The company issued revenue guidance of $10.7 billion-$11.2 billion, compared to the consensus revenue estimate of $10.9 billion. Dana also updated its FY24 guidance to $0.35-0.85 EPS.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. cut their target price on shares of Dana from $19.00 to $18.00 and set an overweight rating on the stock in a report on Monday, February 26th. Barclays reduced their price objective on Dana from $16.00 to $15.00 and set an equal weight rating for the company in a research note on Wednesday, February 28th. Finally, Wells Fargo & Company lowered their target price on Dana from $14.00 to $13.00 and set an equal weight rating on the stock in a research note on Wednesday, February 21st. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Dana presently has a consensus rating of Hold and a consensus price target of $16.43.

Dana Stock Performance

NYSE:DAN traded down $0.13 during mid-day trading on Tuesday, reaching $12.49. The stock had a trading volume of 534,810 shares, compared to its average volume of 1,239,582. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.93 and a current ratio of 1.58. The business has a 50 day simple moving average of $12.32 and a 200 day simple moving average of $12.98. Dana has a twelve month low of $11.10 and a twelve month high of $19.75. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 48.58, a PEG ratio of 0.36 and a beta of 2.49.

Dana (NYSE:DAN) last posted its quarterly earnings results on Tuesday, February 20th. The auto parts company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.06). Dana had a net margin of 0.36% and a return on equity of 7.37%. The business had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same period in the prior year, the business earned ($0.10) earnings per share. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. On average, analysts expect that Dana will post 0.99 earnings per share for the current fiscal year.

Dana Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 10th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Thursday, May 9th. Dana’s dividend payout ratio (DPR) is presently 153.85%.

Dana Company Profile

Dana Incorporated, together with its subsidiaries, provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. The company operates through four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.