Dana Incorporated (NYSE:DAN) – Investment analysts at Gabelli lifted their FY2017 earnings estimates for shares of Dana in a research note issued to investors on Friday. Gabelli analyst B. Sponheimer now anticipates that the auto parts company will earn $2.45 per share for the year, up from their prior forecast of $2.30. Gabelli also issued estimates for Dana’s FY2018 earnings at $2.70 EPS, FY2019 earnings at $3.05 EPS, FY2020 earnings at $3.25 EPS and FY2021 earnings at $3.50 EPS.
Several other equities analysts have also weighed in on DAN. Zacks Investment Research lowered Dana from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. UBS AG lowered Dana to a “neutral” rating in a report on Thursday, July 13th. Susquehanna Bancshares Inc lowered Dana from a “neutral” rating to a “negative” rating and set a $19.00 target price on the stock. in a report on Thursday, July 13th. Barclays PLC lowered Dana from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $23.00 to $24.00 in a report on Wednesday, July 19th. Finally, BidaskClub upgraded Dana from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $27.00.
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Shares of Dana (NYSE DAN) opened at 30.49 on Monday. The stock has a 50 day moving average price of $28.14 and a 200-day moving average price of $23.62. Dana has a 1-year low of $14.53 and a 1-year high of $30.61. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 6.47 and a beta of 1.56.
Dana (NYSE:DAN) last posted its earnings results on Thursday, October 26th. The auto parts company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. Dana had a return on equity of 29.34% and a net margin of 10.27%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the firm earned $0.49 earnings per share. The company’s revenue for the quarter was up 32.3% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently modified their holdings of DAN. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Dana by 11.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,055 shares of the auto parts company’s stock valued at $113,000 after acquiring an additional 520 shares during the period. ETRADE Capital Management LLC bought a new position in Dana during the second quarter valued at about $205,000. US Bancorp DE increased its stake in Dana by 1.4% during the second quarter. US Bancorp DE now owns 9,605 shares of the auto parts company’s stock valued at $214,000 after acquiring an additional 129 shares during the period. Riverhead Capital Management LLC increased its stake in Dana by 70.4% during the second quarter. Riverhead Capital Management LLC now owns 10,056 shares of the auto parts company’s stock valued at $225,000 after acquiring an additional 4,156 shares during the period. Finally, Oakbrook Investments LLC increased its stake in Dana by 2.9% during the second quarter. Oakbrook Investments LLC now owns 10,700 shares of the auto parts company’s stock valued at $239,000 after acquiring an additional 300 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.79%. Dana’s payout ratio is presently 5.02%.
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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