Dana (NYSE:DAN) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $2.60-2.90 for the period, compared to the Thomson Reuters consensus estimate of $2.88. The company issued revenue guidance of $7.5-7.7 billion, compared to the consensus revenue estimate of $7.76 billion.
Shares of Dana (DAN) opened at $28.60 on Thursday. Dana has a 1 year low of $17.53 and a 1 year high of $35.27. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.17 and a current ratio of 1.69. The stock has a market capitalization of $4,191.12, a PE ratio of 40.86 and a beta of 1.66.
Dana (NYSE:DAN) last posted its quarterly earnings results on Tuesday, February 13th. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.09. Dana had a return on equity of 30.70% and a net margin of 1.54%. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the previous year, the business earned $0.59 earnings per share. The firm’s quarterly revenue was up 27.0% compared to the same quarter last year. equities research analysts forecast that Dana will post 2.78 EPS for the current year.
DAN has been the subject of a number of research reports. FBR & Co reissued a neutral rating and set a $25.00 price target (up previously from $17.00) on shares of Dana in a research report on Friday, October 27th. Zacks Investment Research raised Dana from a hold rating to a strong-buy rating and set a $34.00 price target for the company in a research report on Monday, October 23rd. Barclays set a $28.00 price objective on Dana and gave the stock a hold rating in a research note on Friday, October 20th. ValuEngine cut Dana from a strong-buy rating to a buy rating in a research note on Friday, December 1st. Finally, Deutsche Bank boosted their price objective on Dana from $24.00 to $30.00 and gave the stock a hold rating in a research note on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $29.55.
In other Dana news, CEO James Kevin Kamsickas sold 57,003 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was 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 owns 96,312 shares in the company, valued at $2,986,635.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Aziz Aghili sold 12,624 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $33.12, for a total value of $418,106.88. Following the transaction, the insider now owns 18,024 shares in the company, valued at approximately $596,954.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 150,533 shares of company stock worth $4,873,626. 1.60% of the stock is currently owned by insiders.
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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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