Dana (DAN) Releases FY18 Earnings Guidance

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.

Dana announced that its board has initiated a share buyback plan on Wednesday, January 17th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the auto parts company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

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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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)

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