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.

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.

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