Dana Incorporated (NYSE:DAN) – FBR & Co boosted their FY2017 earnings per share estimates for Dana in a research note issued on Friday. FBR & Co analyst C. Horn now expects that the auto parts company will earn $2.43 per share for the year, up from their previous estimate of $2.26. FBR & Co has a “Neutral” rating and a $25.00 price target on the stock. FBR & Co also issued estimates for Dana’s Q4 2017 earnings at $0.53 EPS, Q1 2018 earnings at $0.66 EPS, Q2 2018 earnings at $0.70 EPS, Q3 2018 earnings at $0.66 EPS, Q4 2018 earnings at $0.60 EPS and FY2018 earnings at $2.61 EPS.
Dana (NYSE:DAN) last issued its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.03. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.71 billion. Dana had a return on equity of 29.34% and a net margin of 10.27%. The firm’s revenue for the quarter was up 32.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.49 earnings per share. TRADEMARK VIOLATION WARNING: “Dana Incorporated (DAN) to Post FY2017 Earnings of $2.43 Per Share, FBR & Co Forecasts” was originally posted by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and international copyright laws. The correct version of this piece can be viewed at https://www.com-unik.info/2017/10/30/dana-incorporated-dan-to-post-fy2017-earnings-of-2-43-per-share-fbr-co-forecasts.html.
DAN has been the subject of several other reports. Zacks Investment Research upgraded Dana from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Thursday, July 27th. Royal Bank Of Canada reiterated a “buy” rating and issued a $27.00 price target on shares of Dana in a report on Thursday, October 5th. BidaskClub downgraded Dana from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Barclays PLC set a $28.00 price target on Dana and gave the company a “hold” rating in a report on Friday, October 20th. Finally, UBS AG boosted their price target on Dana from $24.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $27.00.
Dana (DAN) opened at 30.18 on Monday. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 6.40 and a beta of 1.56. Dana has a 12 month low of $14.53 and a 12 month high of $30.52. The company has a 50-day moving average price of $27.82 and a 200 day moving average price of $23.40.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, November 9th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.80%. Dana’s payout ratio is 5.02%.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of Dana by 16,306.0% during the 1st quarter. BlackRock Inc. now owns 15,385,037 shares of the auto parts company’s stock worth $297,086,000 after buying an additional 15,291,260 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Dana by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 12,122,567 shares of the auto parts company’s stock worth $270,696,000 after buying an additional 391,487 shares during the last quarter. State Street Corp increased its holdings in shares of Dana by 3.3% during the 2nd quarter. State Street Corp now owns 5,224,885 shares of the auto parts company’s stock worth $116,673,000 after buying an additional 165,291 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Dana by 12.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,342,803 shares of the auto parts company’s stock worth $96,975,000 after buying an additional 484,520 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Dana by 14.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 3,884,437 shares of the auto parts company’s stock worth $86,740,000 after buying an additional 481,611 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.
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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