Dana (NYSE:DAN) posted its earnings results on Thursday. The auto parts company reported ($0.69) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.70) by $0.01, MarketWatch Earnings reports. Dana had a net margin of 0.84% and a return on equity of 9.37%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the company posted $0.87 EPS. The company’s revenue for the quarter was down 53.3% on a year-over-year basis.
Dana stock traded down $0.46 during trading on Friday, reaching $11.43. 2,293,658 shares of the company were exchanged, compared to its average volume of 1,286,125. The stock’s 50 day simple moving average is $12.15 and its two-hundred day simple moving average is $12.18. The company has a market capitalization of $1.65 billion, a P/E ratio of 27.88, a PEG ratio of 12.91 and a beta of 2.61. The company has a debt-to-equity ratio of 1.72, a current ratio of 2.21 and a quick ratio of 1.01. Dana has a 52-week low of $4.22 and a 52-week high of $19.21.
Several equities research analysts recently commented on the stock. Cfra raised shares of Dana to a “buy” rating in a report on Friday, July 17th. Deutsche Bank upped their price target on shares of Dana from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. lifted their price objective on Dana from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, June 19th. Zacks Investment Research upgraded Dana from a “strong sell” rating to a “hold” rating in a research note on Friday, April 24th. Finally, Oppenheimer reaffirmed a “buy” rating on shares of Dana in a research note on Sunday, April 19th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Dana currently has a consensus rating of “Buy” and an average price target of $16.00.
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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