Zacks: Brokerages Anticipate Dana Incorporated (NYSE:DAN) to Announce $0.62 Earnings Per Share

Analysts expect that Dana Incorporated (NYSE:DAN) will post earnings per share of $0.62 for the current quarter, Zacks reports. Three analysts have provided estimates for Dana’s earnings, with the lowest EPS estimate coming in at $0.57 and the highest estimate coming in at $0.70. Dana posted earnings of $0.37 per share during the same quarter last year, which would suggest a positive year over year growth rate of 67.6%. The firm is expected to issue its next earnings report on Wednesday, October 27th.

According to Zacks, analysts expect that Dana will report full-year earnings of $2.50 per share for the current fiscal year, with EPS estimates ranging from $2.46 to $2.55. For the next financial year, analysts forecast that the firm will report earnings of $3.34 per share, with EPS estimates ranging from $3.11 to $3.55. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Dana.

Dana (NYSE:DAN) last released its earnings results on Thursday, July 29th. The auto parts company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.10. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.09 billion. Dana had a return on equity of 14.58% and a net margin of 2.44%. The firm’s revenue for the quarter was up 104.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.69) earnings per share.

A number of brokerages recently issued reports on DAN. TheStreet upgraded shares of Dana from a “c” rating to a “b-” rating in a report on Friday, July 30th. Zacks Investment Research lowered shares of Dana from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 15th. Bank of America raised shares of Dana from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $31.00 to $30.00 in a report on Thursday. Wells Fargo & Company decreased their price target on shares of Dana from $32.00 to $31.00 and set an “overweight” rating on the stock in a research note on Friday, September 10th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Dana from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, August 2nd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $28.00.

NYSE:DAN traded up $0.01 during trading hours on Thursday, hitting $22.62. 1,089,121 shares of the stock traded hands, compared to its average volume of 1,099,626. The firm has a 50 day moving average price of $23.06 and a 200 day moving average price of $24.66. The company has a current ratio of 1.66, a quick ratio of 1.01 and a debt-to-equity ratio of 1.24. Dana has a fifty-two week low of $11.20 and a fifty-two week high of $28.44. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 15.93 and a beta of 2.50.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 3rd. Stockholders of record on Friday, August 13th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend was Thursday, August 12th. Dana’s dividend payout ratio is currently 102.56%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Foundry Partners LLC purchased a new stake in shares of Dana in the first quarter valued at about $12,584,000. Systematic Financial Management LP increased its holdings in Dana by 39.1% during the second quarter. Systematic Financial Management LP now owns 607,325 shares of the auto parts company’s stock worth $14,430,000 after buying an additional 170,658 shares during the last quarter. Gabelli Funds LLC increased its holdings in Dana by 4.7% during the second quarter. Gabelli Funds LLC now owns 2,513,107 shares of the auto parts company’s stock worth $59,711,000 after buying an additional 113,688 shares during the last quarter. Amalgamated Bank increased its holdings in Dana by 756.2% during the second quarter. Amalgamated Bank now owns 110,704 shares of the auto parts company’s stock worth $2,630,000 after buying an additional 97,775 shares during the last quarter. Finally, Kennedy Capital Management Inc. boosted its position in Dana by 16.9% during the first quarter. Kennedy Capital Management Inc. now owns 544,313 shares of the auto parts company’s stock worth $13,243,000 after purchasing an additional 78,554 shares during the period. 92.53% of the stock is currently owned by institutional investors and hedge funds.

Dana Company Profile

Dana, Inc engages in the manufacture, distribution, and sale of technology drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products. It operates through the following segments: Light Vehicle, Commercial Vehicle, Off-Highway, and Power Technologies. The Light Vehicle segment includes drivetrain systems and components for passenger cars, crossovers, sport utility vehicles, vans, and light trucks.

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Earnings History and Estimates for Dana (NYSE:DAN)

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