FY2017 EPS Estimates for Dana Incorporated (DAN) Lifted by Gabelli

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.

ILLEGAL ACTIVITY NOTICE: This report was first posted by Community Financial News and is the property of of Community Financial News. If you are reading this report on another domain, it was stolen and republished in violation of international copyright law. The original version of this report can be read at https://www.com-unik.info/2017/11/01/fy2017-eps-estimates-for-dana-incorporated-dan-lifted-by-gabelli.html.

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%.

About Dana

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.

Earnings History and Estimates for Dana (NYSE:DAN)

What are top analysts saying about Dana Incorporated? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Dana Incorporated and related companies.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit