Dana (NYSE:DAN) Announces Quarterly Earnings Results

Key Points

• Dana (NYSE:DAN) reported quarterly earnings of $0.05 per share, missing the consensus estimate by $0.35. The company also experienced a revenue decline of 5.5% year-over-year, with total revenues of $1.94 billion.
• The firm announced a quarterly dividend of $0.10, reflecting an annualized payout of $0.40, although its dividend payout ratio currently stands at a concerning -166.67%.
• Dana's stock rose 1.8% following the earnings announcement, with a current price of $18.15 and a market capitalization of $2.64 billion. Analyst ratings for Dana vary, with many maintaining a "buy" or "outperform" rating.

Dana (NYSE:DAN - Get Free Report) released its quarterly earnings results on Monday. The auto parts company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.35), Zacks reports. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $2.55 billion. Dana had a positive return on equity of 5.65% and a negative net margin of 0.26%. The business's revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.31 earnings per share.

Dana Price Performance

Shares of DAN traded down $0.22 during midday trading on Friday, hitting $18.53. The company's stock had a trading volume of 1,705,642 shares, compared to its average volume of 2,446,114. Dana has a one year low of $7.58 and a one year high of $19.33. The company's fifty day simple moving average is $17.12 and its two-hundred day simple moving average is $15.43. The company has a quick ratio of 0.85, a current ratio of 1.36 and a debt-to-equity ratio of 2.02. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of -115.81, a price-to-earnings-growth ratio of 1.74 and a beta of 2.14.

Dana Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 8th will be paid a $0.10 dividend. The ex-dividend date is Friday, August 8th. This represents a $0.40 annualized dividend and a dividend yield of 2.2%. Dana's dividend payout ratio (DPR) is presently -250.00%.

Insider Activity

In other news, CAO James D. Kellett sold 11,728 shares of Dana stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $18.65, for a total value of $218,727.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.46% of the company's stock.

Institutional Investors Weigh In On Dana

A hedge fund recently bought a new stake in Dana stock. Captrust Financial Advisors acquired a new stake in shares of Dana Incorporated (NYSE:DAN - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 10,253 shares of the auto parts company's stock, valued at approximately $176,000. Institutional investors and hedge funds own 96.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on DAN shares. Barclays reissued an "overweight" rating and set a $25.00 price target (up from $20.00) on shares of Dana in a report on Thursday, June 12th. Royal Bank Of Canada restated an "outperform" rating and set a $24.00 price objective (up previously from $20.00) on shares of Dana in a research note on Thursday, June 12th. Wall Street Zen upgraded Dana from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Wells Fargo & Company restated a "buy" rating on shares of Dana in a research note on Thursday, June 12th. Finally, Cfra Research upgraded Dana from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, August 5th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Dana presently has an average rating of "Moderate Buy" and an average target price of $21.00.

About Dana

Dana Incorporated, together with its subsidiaries, provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. The company operates through four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.