Dana (NYSE:DAN) Releases FY 2019 Pre-Market Earnings Guidance

Dana (NYSE:DAN) updated its FY 2019
Pre-Market earnings guidance on Wednesday. The company provided EPS guidance of 2.85-3.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.04. The company issued revenue guidance of $8.55-8.85 billion, compared to the consensus revenue estimate of $8.7 billion.Dana also updated its FY19 guidance to $2.85-3.25 EPS.

Shares of Dana stock traded up $0.32 during trading on Wednesday, reaching $16.98. 175,094 shares of the company traded hands, compared to its average volume of 981,348. The firm has a market capitalization of $2.44 billion, a PE ratio of 5.72, a P/E/G ratio of 1.27 and a beta of 2.23. Dana has a 1-year low of $11.57 and a 1-year high of $20.96. The company has a 50 day moving average price of $16.69 and a 200-day moving average price of $15.95. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.64 and a quick ratio of 1.03.

Dana (NYSE:DAN) last posted its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Dana had a net margin of 2.80% and a return on equity of 26.97%. The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period last year, the company posted $0.77 earnings per share. The business’s quarterly revenue was up 9.4% on a year-over-year basis. Equities research analysts expect that Dana will post 3.06 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 8th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, November 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.36%. Dana’s dividend payout ratio (DPR) is presently 13.47%.

A number of analysts recently commented on DAN shares. ValuEngine lowered Dana from a sell rating to a strong sell rating in a research report on Saturday, October 19th. TheStreet upgraded Dana from a c rating to a b- rating in a report on Thursday, November 7th. KeyCorp reduced their price objective on Dana from $22.00 to $20.00 and set an overweight rating for the company in a research note on Thursday, September 12th. Barclays decreased their price objective on Dana from $24.00 to $22.00 and set an overweight rating for the company in a report on Thursday, September 12th. Finally, UBS Group began coverage on Dana in a research report on Tuesday, November 19th. They set an outperform rating and a $20.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $20.56.

In other Dana news, EVP Mark E. Wallace sold 44,570 shares of Dana stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $13.41, for a total transaction of $597,683.70. Following the completion of the transaction, the executive vice president now owns 145,431 shares in the company, valued at approximately $1,950,229.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jonathan Mark Collins sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $17.62, for a total value of $176,200.00. Following the sale, the chief financial officer now directly owns 7,015 shares of the company’s stock, valued at $123,604.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 122,421 shares of company stock valued at $1,965,648. 0.75% of the stock is currently owned by insiders.

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.

Recommended Story: Intrinsic Value and Stock Selection

Earnings History and Estimates for Dana (NYSE:DAN)

Receive News & Ratings for Dana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dana and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


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