Dana Inc (DAN) Expected to Announce Quarterly Sales of $2.19 Billion

Brokerages predict that Dana Inc (NYSE:DAN) will announce sales of $2.19 billion for the current quarter, Zacks reports. Three analysts have provided estimates for Dana’s earnings, with the lowest sales estimate coming in at $2.18 billion and the highest estimate coming in at $2.19 billion. Dana reported sales of $2.14 billion during the same quarter last year, which indicates a positive year over year growth rate of 2.3%. The firm is expected to issue its next earnings results on Monday, April 29th.

According to Zacks, analysts expect that Dana will report full year sales of $9.16 billion for the current financial year, with estimates ranging from $9.14 billion to $9.18 billion. For the next year, analysts forecast that the firm will post sales of $9.33 billion, with estimates ranging from $9.29 billion to $9.39 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Dana.

Dana (NYSE:DAN) last released its quarterly earnings results on Friday, February 15th. The auto parts company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. Dana had a return on equity of 33.01% and a net margin of 5.24%. The firm had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the firm posted $0.62 EPS. The business’s revenue was up 7.4% on a year-over-year basis.

A number of research firms have weighed in on DAN. Zacks Investment Research downgraded Dana from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. TheStreet raised Dana from a “c” rating to a “b” rating in a research report on Wednesday, February 20th. Barclays reaffirmed a “buy” rating and set a $24.00 price target on shares of Dana in a research report on Wednesday, March 13th. Buckingham Research set a $21.00 price target on Dana and gave the stock a “hold” rating in a research report on Thursday, February 28th. Finally, KeyCorp set a $20.00 price target on Dana and gave the stock a “buy” rating in a research report on Friday, January 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $21.60.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Dana by 2.6% during the 4th quarter. BlackRock Inc. now owns 19,251,879 shares of the auto parts company’s stock worth $262,402,000 after purchasing an additional 490,320 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Dana by 1.0% during the 4th quarter. Wedge Capital Management L L P NC now owns 6,467,658 shares of the auto parts company’s stock worth $88,154,000 after purchasing an additional 63,654 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Dana by 3.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,342,857 shares of the auto parts company’s stock worth $59,193,000 after purchasing an additional 137,551 shares in the last quarter. Frontier Capital Management Co. LLC raised its stake in Dana by 117.6% in the 4th quarter. Frontier Capital Management Co. LLC now owns 2,814,475 shares of the auto parts company’s stock valued at $38,361,000 after acquiring an additional 1,520,977 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Dana by 29.7% in the 4th quarter. Bank of New York Mellon Corp now owns 2,619,399 shares of the auto parts company’s stock valued at $35,703,000 after acquiring an additional 599,876 shares during the period. Institutional investors own 95.72% of the company’s stock.

NYSE:DAN opened at $20.55 on Monday. Dana has a twelve month low of $12.65 and a twelve month high of $26.94. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.66 and a quick ratio of 1.07. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 6.92, a PEG ratio of 1.38 and a beta of 1.86.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 1st were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Thursday, February 28th. Dana’s dividend payout ratio is currently 13.47%.

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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