$0.84 Earnings Per Share Expected for Dana Inc (NYSE:DAN) This Quarter

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Wall Street brokerages expect Dana Inc (NYSE:DAN) to announce earnings per share of $0.84 for the current quarter, according to Zacks. Three analysts have made estimates for Dana’s earnings. The highest EPS estimate is $0.89 and the lowest is $0.77. Dana reported earnings per share of $0.77 during the same quarter last year, which would suggest a positive year over year growth rate of 9.1%. The business is expected to issue its next quarterly earnings results on Monday, November 4th.

On average, analysts expect that Dana will report full-year earnings of $3.24 per share for the current financial year, with EPS estimates ranging from $3.15 to $3.35. For the next year, analysts expect that the business will report earnings of $3.35 per share, with EPS estimates ranging from $3.15 to $3.48. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Dana.

Dana (NYSE:DAN) last posted its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.02). Dana had a return on equity of 29.55% and a net margin of 2.67%. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period in the prior year, the company posted $0.74 EPS. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year.

Several research analysts have recently commented on DAN shares. ValuEngine cut shares of Dana from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. TheStreet downgraded shares of Dana from a “b-” rating to a “c+” rating in a research report on Tuesday, August 20th. Credit Suisse Group assumed coverage on shares of Dana in a research report on Wednesday, June 26th. They issued an “outperform” rating and a $22.00 price objective for the company. Finally, Zacks Investment Research raised shares of Dana from a “sell” rating to a “hold” rating in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $21.10.

Shares of DAN traded up $0.18 during mid-day trading on Wednesday, hitting $11.89. 4,763 shares of the company’s stock were exchanged, compared to its average volume of 2,460,412. Dana has a 52 week low of $11.70 and a 52 week high of $21.17. The stock’s 50-day simple moving average is $15.85 and its 200-day simple moving average is $17.55. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 3.99, a price-to-earnings-growth ratio of 1.04 and a beta of 2.17. The company has a quick ratio of 1.01, a current ratio of 1.63 and a debt-to-equity ratio of 1.41.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.36%. The ex-dividend date is Thursday, August 15th. Dana’s dividend payout ratio is presently 13.47%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund lifted its position in shares of Dana by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 58,343 shares of the auto parts company’s stock worth $1,163,000 after purchasing an additional 820 shares during the period. Magnus Financial Group LLC grew its position in Dana by 9.3% during the first quarter. Magnus Financial Group LLC now owns 13,259 shares of the auto parts company’s stock valued at $235,000 after buying an additional 1,126 shares during the period. Crossmark Global Holdings Inc. grew its position in Dana by 4.4% during the second quarter. Crossmark Global Holdings Inc. now owns 31,220 shares of the auto parts company’s stock valued at $623,000 after buying an additional 1,302 shares during the period. US Bancorp DE grew its position in Dana by 11.3% during the second quarter. US Bancorp DE now owns 13,161 shares of the auto parts company’s stock valued at $262,000 after buying an additional 1,333 shares during the period. Finally, Arizona State Retirement System grew its position in Dana by 1.5% during the second quarter. Arizona State Retirement System now owns 104,449 shares of the auto parts company’s stock valued at $2,083,000 after buying an additional 1,503 shares during the period. Institutional investors and hedge funds own 93.97% of the company’s stock.

Dana Company Profile

Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Drive and Motion Technologies, and Power Technologies.

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Earnings History and Estimates for Dana (NYSE:DAN)

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