Dana Incorporated (DAN) Expected to Post Quarterly Sales of $1.73 Billion

Wall Street analysts predict that Dana Incorporated (NYSE:DAN) will report sales of $1.73 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Dana’s earnings, with the lowest sales estimate coming in at $1.64 billion and the highest estimate coming in at $1.78 billion. Dana posted sales of $1.45 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 19.3%. The business is expected to announce its next quarterly earnings report on Thursday, February 8th.

On average, analysts expect that Dana will report full year sales of $1.73 billion for the current fiscal year, with estimates ranging from $6.93 billion to $7.15 billion. For the next fiscal year, analysts anticipate that the company will post sales of $7.54 billion per share, with estimates ranging from $7.42 billion to $7.70 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Dana.

Dana (NYSE:DAN) last posted its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.03. Dana had a net margin of 10.27% and a return on equity of 29.34%. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the company posted $0.49 EPS. The firm’s revenue for the quarter was up 32.3% on a year-over-year basis.

DAN has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Dana from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Royal Bank Of Canada reissued a “buy” rating on shares of Dana in a research report on Friday, October 27th. Barclays PLC raised their target price on shares of Dana from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Friday, October 27th. UBS AG reaffirmed a “neutral” rating and set a $24.00 target price (up from $20.00) on shares of Dana in a research report on Tuesday, August 1st. Finally, FBR & Co reaffirmed a “neutral” rating and set a $25.00 target price (up from $17.00) on shares of Dana in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $28.00.

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In related news, CEO James Kevin Kamsickas sold 57,003 shares of Dana stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $31.01, for a total transaction of $1,767,663.03. Following the transaction, the chief executive officer now directly owns 96,312 shares of the company’s stock, valued at $2,986,635.12. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Terrence J. Keating sold 2,321 shares of Dana stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $29.62, for a total transaction of $68,748.02. Following the transaction, the director now directly owns 52,140 shares in the company, valued at $1,544,386.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 116,762 shares of company stock worth $3,541,413. 1.60% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada increased its holdings in Dana by 47.3% during the second quarter. Royal Bank of Canada now owns 208,043 shares of the auto parts company’s stock valued at $4,646,000 after buying an additional 66,827 shares during the period. Vanguard Group Inc. increased its holdings in Dana by 3.3% during the second quarter. Vanguard Group Inc. now owns 12,122,567 shares of the auto parts company’s stock valued at $270,696,000 after buying an additional 391,487 shares during the period. SG Americas Securities LLC increased its holdings in Dana by 51.0% during the second quarter. SG Americas Securities LLC now owns 60,545 shares of the auto parts company’s stock valued at $1,352,000 after buying an additional 20,451 shares during the period. Great West Life Assurance Co. Can increased its holdings in Dana by 1.1% during the second quarter. Great West Life Assurance Co. Can now owns 85,680 shares of the auto parts company’s stock valued at $1,912,000 after buying an additional 942 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in Dana by 14.2% during the second quarter. Goldman Sachs Group Inc. now owns 3,884,437 shares of the auto parts company’s stock valued at $86,740,000 after buying an additional 481,611 shares during the period. 94.29% of the stock is currently owned by institutional investors.

Dana (NYSE DAN) traded up $0.18 during trading on Friday, reaching $31.18. 1,299,945 shares of the company were exchanged, compared to its average volume of 1,491,147. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.72 and a quick ratio of 1.17. Dana has a 12 month low of $16.40 and a 12 month high of $31.91. The stock has a market cap of $4,517.08, a price-to-earnings ratio of 12.52 and a beta of 1.64.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.77%. The ex-dividend date is Thursday, November 9th. Dana’s payout ratio is 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.

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Earnings History and Estimates for Dana (NYSE:DAN)

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