Dana (NYSE:DAN) Announces Quarterly Earnings Results, Misses Expectations By $0.35 EPS

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 analysts' consensus estimates of $0.40 by ($0.35), Zacks reports. Dana had a negative net margin of 0.26% and a positive return on equity of 5.65%. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the business earned $0.31 EPS. The company's revenue for the quarter was down 5.5% compared to the same quarter last year.

Dana Stock Performance

Shares of DAN traded down $0.45 during mid-day trading on Thursday, hitting $18.78. The company's stock had a trading volume of 2,492,959 shares, compared to its average volume of 2,432,458. Dana has a one year low of $7.58 and a one year high of $19.33. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.85 and a current ratio of 1.36. The firm has a market capitalization of $2.46 billion, a PE ratio of -117.38, a price-to-earnings-growth ratio of 1.78 and a beta of 2.14. The stock's 50-day moving average is $17.10 and its two-hundred day moving average is $15.41.

Dana Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 8th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, August 8th. Dana's dividend payout ratio is currently -250.00%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DAN. Cfra Research upgraded Dana from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, August 5th. Wells Fargo & Company reissued a "buy" rating on shares of Dana in a research note on Thursday, June 12th. Barclays reaffirmed an "overweight" rating and set a $25.00 price target (up from $20.00) on shares of Dana in a research note on Thursday, June 12th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $24.00 price target (up from $20.00) on shares of Dana in a research note on Thursday, June 12th. Finally, JPMorgan Chase & Co. cut their price objective on Dana from $24.00 to $23.00 and set an "overweight" rating on the stock in a research note on Monday, July 21st. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $21.00.

Insider Buying and Selling at Dana

In other news, CAO James D. Kellett sold 11,728 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $18.65, for a total value of $218,727.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.46% of the company's stock.

Dana Company Profile

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.