Wall Street brokerages expect Dana Inc (NYSE:DAN) to announce sales of $2.34 billion for the current quarter, Zacks reports. Four analysts have issued estimates for Dana’s earnings. The highest sales estimate is $2.36 billion and the lowest is $2.32 billion. Dana posted sales of $2.05 billion in the same quarter last year, which suggests a positive year over year growth rate of 14.1%. The company is scheduled to report its next quarterly earnings results before the market opens on Wednesday, July 31st.
According to Zacks, analysts expect that Dana will report full year sales of $9.11 billion for the current fiscal year, with estimates ranging from $9.03 billion to $9.15 billion. For the next financial year, analysts anticipate that the business will post sales of $9.27 billion, with estimates ranging from $9.18 billion to $9.35 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Dana.
Dana (NYSE:DAN) last issued its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.05. Dana had a net margin of 5.11% and a return on equity of 31.31%. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period last year, the business posted $0.75 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis.
Several equities research analysts have issued reports on DAN shares. Credit Suisse Group started coverage on shares of Magna International in a research note on Wednesday, June 26th. They issued a “neutral” rating and a $55.00 price target on the stock. Zacks Investment Research lowered shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine upgraded shares of Zogenix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th. Finally, Wolfe Research lowered shares of Southwestern Energy from a “peer perform” rating to an “underperform” rating in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. Dana currently has an average rating of “Buy” and an average target price of $21.10.
Shares of NYSE:DAN traded up $0.24 during midday trading on Tuesday, reaching $18.59. 1,385,700 shares of the company were exchanged, compared to its average volume of 1,773,265. Dana has a fifty-two week low of $12.65 and a fifty-two week high of $21.79. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.02 and a current ratio of 1.63. The stock’s fifty day moving average price is $17.61. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 6.26, a PEG ratio of 1.56 and a beta of 2.19.
In other Dana news, VP James D. Kellett sold 2,825 shares of Dana stock in a transaction on Friday, May 17th. The shares were sold at an average price of $16.05, for a total value of $45,341.25. Following the sale, the vice president now directly owns 2,704 shares in the company, valued at approximately $43,399.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.75% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Convergence Investment Partners LLC acquired a new position in shares of Dana during the 1st quarter worth about $145,000. Oakbrook Investments LLC acquired a new position in shares of Dana during the 1st quarter worth about $177,000. World Asset Management Inc acquired a new position in shares of Dana during the 1st quarter worth about $188,000. Brinker Capital Inc. acquired a new position in shares of Dana during the 1st quarter worth about $204,000. Finally, Magnus Financial Group LLC increased its stake in shares of Dana by 9.3% during the 1st quarter. Magnus Financial Group LLC now owns 13,259 shares of the auto parts company’s stock worth $235,000 after purchasing an additional 1,126 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.
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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