Dana (DAN) Set to Announce Quarterly Earnings on Wednesday

Dana (NYSE:DAN) is set to issue its quarterly earnings data before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.80 per share for the quarter. Dana has set its FY 2019 guidance at $2.95-3.45 EPS and its FY19 guidance at $2.95-$3.45 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Dana (NYSE:DAN) last issued its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.87 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.02). Dana had a net margin of 2.67% and a return on equity of 29.55%. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same period last year, the business earned $0.74 EPS. The firm’s revenue was up 12.0% compared to the same quarter last year. On average, analysts expect Dana to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of NYSE:DAN opened at $16.18 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.63 and a debt-to-equity ratio of 1.41. Dana has a 52-week low of $11.57 and a 52-week high of $20.96. The company has a 50 day moving average of $14.44 and a two-hundred day moving average of $16.39. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 5.45, a price-to-earnings-growth ratio of 1.56 and a beta of 2.22.

In other news, EVP Mark E. Wallace sold 44,570 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $13.41, for a total transaction of $597,683.70. Following the completion of the sale, the executive vice president now owns 145,431 shares of the company’s stock, valued at $1,950,229.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.75% of the stock is currently owned by company insiders.

DAN has been the subject of several recent research reports. KeyCorp lowered their price objective on shares of Dana from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, September 12th. Bank of America raised shares of Dana from a “neutral” rating to a “buy” rating in a research report on Friday, September 13th. They noted that the move was a valuation call. Barclays lowered their price objective on shares of Dana from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, September 12th. Credit Suisse Group initiated 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 downgraded shares of Dana from a “hold” rating to a “sell” rating in a research report on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $20.75.

About Dana

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 for Dana (NYSE:DAN)

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