Headlines about Dana (NYSE:DAN) have trended somewhat positive this week, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Dana earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned news headlines about the auto parts company an impact score of 45.9584580895649 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern’s scoring:
Several research firms have recently commented on DAN. Guggenheim set a $36.00 target price on Dana and gave the company a “buy” rating in a research note on Wednesday. FBR & Co reiterated a “neutral” rating and set a $25.00 target price (up from $17.00) on shares of Dana in a research note on Friday, October 27th. Royal Bank of Canada restated a “buy” rating on shares of Dana in a research note on Friday, October 27th. Zacks Investment Research upgraded Dana from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research note on Tuesday, February 6th. Finally, Barclays set a $28.00 price objective on Dana and gave the stock a “hold” rating in a research note on Friday, October 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $29.55.
Shares of Dana (NYSE DAN) traded down $0.33 during midday trading on Wednesday, reaching $28.60. The company’s stock had a trading volume of 2,415,241 shares, compared to its average volume of 1,618,261. Dana has a 1 year low of $17.53 and a 1 year high of $35.27. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.72 and a quick ratio of 1.17. The firm has a market capitalization of $4,380.90, a price-to-earnings ratio of 6.00 and a beta of 1.66.
Dana (NYSE:DAN) last issued its earnings results on Tuesday, February 13th. The auto parts company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.09. Dana had a return on equity of 29.34% and a net margin of 10.27%. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the company earned $0.59 earnings per share. The firm’s revenue for the quarter was up 27.0% on a year-over-year basis. equities research analysts predict that Dana will post 2.44 earnings per share for the current year.
Dana announced that its Board of Directors has authorized a stock buyback program on Wednesday, January 17th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the auto parts company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
In other news, CEO James Kevin Kamsickas sold 57,003 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $31.01, for a total transaction of $1,767,663.03. Following the transaction, the chief executive officer now directly owns 96,312 shares of the company’s stock, valued at $2,986,635.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Virginia A. Kamsky sold 7,323 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $32.14, for a total value of $235,361.22. Following the transaction, the director now directly owns 35,448 shares in the company, valued at $1,139,298.72. The disclosure for this sale can be found here. Insiders sold 150,533 shares of company stock worth $4,873,626 over the last ninety days. 1.60% of the stock is owned by corporate insiders.
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Dana Incorporated, formerly Dana Holding Corporation, is a global provider of technology driveline, sealing and thermal-management products. The Company operates in four segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies.
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