Dana (NYSE:DAN) is scheduled to be posting its quarterly earnings results before the market opens on Monday, April 30th. Analysts expect Dana to post earnings of $0.72 per share for the quarter. Dana has set its FY18 guidance at $2.60-2.90 EPS.
Dana (NYSE:DAN) last issued its quarterly earnings data on Tuesday, February 13th. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.09. Dana had a net margin of 1.54% and a return on equity of 30.70%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the firm earned $0.59 earnings per share. The firm’s revenue was up 27.0% 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 DAN stock opened at $25.70 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.69 and a debt-to-equity ratio of 1.58. Dana has a 12-month low of $18.33 and a 12-month high of $35.27. The firm has a market cap of $3,727.94, a PE ratio of 10.20, a P/E/G ratio of 0.88 and a beta of 1.76.
Dana announced that its Board of Directors has initiated a stock buyback program on Wednesday, January 17th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the auto parts company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.
Several equities research analysts have recently issued reports on the stock. Guggenheim reissued a “buy” rating and set a $40.00 price objective on shares of Dana in a research report on Wednesday, January 10th. Barclays reissued a “hold” rating and set a $32.00 price objective on shares of Dana in a research report on Tuesday, January 9th. Zacks Investment Research raised shares of Dana from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Tuesday, February 6th. JPMorgan Chase lowered their price objective on shares of Dana from $37.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. Finally, Gabelli reissued a “buy” rating on shares of Dana in a research report on Wednesday, February 14th. Ten research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $31.00.
In related news, EVP Mark E. Wallace sold 40,339 shares of the firm’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $33.42, for a total value of $1,348,129.38. Following the completion of the transaction, the executive vice president now owns 108,139 shares of the company’s stock, valued at $3,614,005.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Aziz Aghili sold 12,624 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $33.12, for a total transaction of $418,106.88. Following the completion of the transaction, the insider now directly owns 18,024 shares of the company’s stock, valued at approximately $596,954.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 86,207 shares of company stock valued at $2,870,602. 0.50% of the stock is owned by insiders.
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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 Driveline Technologies, and Power Technologies.
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