$0.27 per share earnings expected for Dana Incorporated (NYSE:DAN) this quarter
Wall Street analysts expect Dana Incorporated (NYSE:DAN – Get Rating) to post earnings per share of $0.27 for the current fiscal quarter, according to Zacks Investment Research. Three analysts provided earnings estimates for Dana, with the highest EPS estimate being $0.50 and the lowest estimate being $0.14. Dana posted earnings per share of $0.66 in the same quarter last year, indicating a negative growth rate of 59.1% year over year. The company is expected to release its next results on Wednesday, April 27.
On average, analysts expect Dana to report annual earnings of $2.28 per share for the current year, with EPS estimates ranging from $2.15 to $2.35. For the next fiscal year, analysts expect the company to post earnings of $3.16 per share, with EPS estimates ranging from $2.92 to $3.75. Zacks earnings per share averages are an average based on a survey of sell-side research firms that cover Dana.
Several research analysts have recently published reports on DAN shares. TheStreet downgraded Dana from a “b-” rating to a “c” rating in a research report on Wednesday, February 23. StockNews.com downgraded Dana from a “buy” rating to a “hold” rating in a Friday, March 4 research rating. Barclays lowered its price target on Dana from $28.00 to $24.00 in a Thursday, February 24 research note. Deutsche Bank Aktiengesellschaft lowered its price target on Dana from $32.00 to $25.00 and placed a “buy” rating on the stock in a Thursday, February 24 research note. Finally, Zacks Investment Research downgraded Dana from a “hold” rating to a “strong sell” rating in a Tuesday, March 1 research note. One equity research analyst has assigned the stock a sell rating, another has issued a hold rating and six have assigned the stock a buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $27.43.
This guide will help you identify and execute an options trading strategy that fits your specific needs and risk profile.
Take your trading to the next level with the Options Strategy Guide.
NYSE:DAN shares opened at $16.94 on Monday. The company’s 50-day moving average is $21.37 and its 200-day moving average is $22.44. Dana has a 1-year low of $14.59 and a 1-year high of $28.44. The company has a market capitalization of $2.44 billion, a P/E ratio of 12.55 and a beta of 2.39. The company has a debt ratio of 1.21, a current ratio of 1.65 and a quick ratio of 0.93.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 25. Shareholders of record on Friday, March 4 will receive a dividend of $0.10 per share. The ex-dividend date is Thursday, March 3. This represents a dividend of $0.40 on an annualized basis and a yield of 2.36%. Dana’s dividend payout ratio is currently 29.63%.
In other news, insider Byron S. Foster bought 8,500 shares of Dana in a trade on Friday, March 4. The shares were acquired at an average price of $16.31 per share, with a total value of $138,635.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. Company insiders own 0.75% of the company’s shares.
Institutional investors have recently changed their positions in the company. US Bancorp DE increased its position in Dana by 21.9% in the third quarter. US Bancorp DE now owns 2,719 shares of the auto parts company worth $61,000 after acquiring 488 additional shares during the period. Meritage Portfolio Management increased its stake in Dana by 5.4% in the fourth quarter. Meritage Investment Management now owns 10,070 shares of the auto parts company valued at $230,000 after buying 512 more shares last quarter. Strs Ohio increased its stake in Dana by 1.3% in the third quarter. Strs Ohio now owns 64,200 shares of the auto parts company valued at $1,427,000 after buying an additional 800 shares last quarter. Patriot Financial Group Insurance Agency LLC increased its position in Dana stock by 331.3% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 1,311 shares of the auto parts company worth $30,000 after buying 1,007 additional shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its position in Dana shares by 0.8% during the fourth quarter. Mutual of America Capital Management LLC now owns 129,035 shares of the auto parts company worth $2,945,000 after buying 1,009 additional shares in the last quarter. 92.76% of the shares are held by institutional investors and hedge funds.
About Dana (Get a rating)
Dana, Inc engages in the manufacture, distribution and sale of drive and motion technology products, sealing solutions, thermal management technologies and hydraulic products. It operates through the following segments: light vehicles, utility vehicles, off-road and energy technology. The light-duty segment includes powertrain systems and components for passenger cars, crossovers, sport utility vehicles, vans and light trucks.
Get a Free Copy of Zacks’ Research Report on Dana (DAN)
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Dana right now?
Before you consider Dana, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Dana wasn’t on the list.
Although Dana currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here