Dana (NYSE:DAN) Releases Quarterly Earnings Results, Misses Estimates By $0.18 EPS

Dana (NYSE:DAN) posted its earnings results on Friday. The auto parts company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.18), Zacks reports. The business had revenue of $1.87 billion during the quarter. Dana had a negative return on equity of 3.06% and a net margin of 1.13%.

Dana Price Performance

NYSE:DAN traded down $1.42 during mid-day trading on Friday, hitting $33.15. 715,014 shares of the stock traded hands, compared to its average volume of 973,367. The business’s 50-day moving average price is $34.46 and its 200 day moving average price is $29.03. The company has a market cap of $3.63 billion, a PE ratio of 58.17 and a beta of 1.97. Dana has a 12-month low of $15.31 and a 12-month high of $39.56. The company has a quick ratio of 0.86, a current ratio of 1.17 and a debt-to-equity ratio of 2.85.

Dana Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 8th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $0.48 annualized dividend and a yield of 1.4%. Dana’s payout ratio is currently 84.21%.

Hedge Funds Weigh In On Dana

Several hedge funds have recently bought and sold shares of DAN. Loomis Sayles & Co. L P grew its stake in Dana by 61.2% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,591,768 shares of the auto parts company’s stock valued at $37,820,000 after acquiring an additional 604,246 shares in the last quarter. Tudor Investment Corp ET AL lifted its position in Dana by 28.4% during the fourth quarter. Tudor Investment Corp ET AL now owns 273,631 shares of the auto parts company’s stock valued at $6,501,000 after purchasing an additional 60,487 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Dana by 3.1% during the third quarter. Russell Investments Group Ltd. now owns 927,987 shares of the auto parts company’s stock valued at $18,597,000 after purchasing an additional 27,712 shares during the last quarter. Horizon Investments LLC bought a new stake in Dana during the third quarter valued at approximately $553,000. Finally, Entropy Technologies LP lifted its holdings in shares of Dana by 266.2% in the 3rd quarter. Entropy Technologies LP now owns 37,303 shares of the auto parts company’s stock worth $748,000 after acquiring an additional 27,116 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $36.00 target price on shares of Dana in a research note on Thursday, January 22nd. JPMorgan Chase & Co. lifted their target price on shares of Dana from $39.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Wells Fargo & Company lifted their target price on shares of Dana from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Zacks Research downgraded shares of Dana from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Barclays boosted their price objective on shares of Dana from $32.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, March 30th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $40.00.

About Dana

Dana Incorporated is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The company’s product portfolio includes axles, driveshafts, transmissions, e-Propulsion systems and thermal-management assemblies that help improve fuel efficiency, reduce emissions and enhance vehicle performance. Dana’s expertise spans internal combustion and electrified powertrains, positioning it to support both traditional and next-generation mobility solutions.

Founded in 1904 by Clarence W.