Brokerages expect Dana Incorporated (NYSE:DAN) to announce $1.88 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Dana's earnings, with estimates ranging from $1.83 billion to $1.93 billion. Dana posted sales of $1.99 billion during the same quarter last year, which would indicate a negative year over year growth rate of 5.5%. The firm is expected to report its next quarterly earnings report on Thursday, February 11th.
According to Zacks, analysts expect that Dana will report full year sales of $6.87 billion for the current financial year, with estimates ranging from $6.83 billion to $6.92 billion. For the next financial year, analysts expect that the firm will post sales of $8.19 billion, with estimates ranging from $7.98 billion to $8.40 billion. Zacks' sales calculations are an average based on a survey of analysts that follow Dana.
Dana (NYSE:DAN) last posted its quarterly earnings data on Wednesday, October 28th. The auto parts company reported $0.37 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.23 by $0.14. Dana had a positive return on equity of 6.48% and a negative net margin of 0.09%. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.81 billion.
Several analysts have commented on the company. JPMorgan Chase & Co. increased their target price on Dana from $15.00 to $20.00 and gave the company an "overweight" rating in a research note on Thursday, October 22nd. Bank of America downgraded Dana from a "buy" rating to a "neutral" rating in a research note on Monday. Deutsche Bank Aktiengesellschaft increased their target price on Dana from $19.00 to $21.00 and gave the company a "buy" rating in a research note on Thursday, October 29th. KeyCorp increased their target price on Dana from $20.00 to $25.00 and gave the company an "overweight" rating in a research note on Wednesday, December 16th. Finally, Royal Bank of Canada upgraded Dana from a "sector perform" rating to an "outperform" rating and increased their target price for the company from $13.00 to $18.00 in a research note on Thursday, October 8th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Dana presently has an average rating of "Buy" and an average price target of $19.89.
DAN stock opened at $21.48 on Thursday. Dana has a twelve month low of $4.22 and a twelve month high of $22.69. The company has a quick ratio of 1.37, a current ratio of 1.96 and a debt-to-equity ratio of 1.58. The firm has a market cap of $3.10 billion, a PE ratio of -429.51, a price-to-earnings-growth ratio of 5.67 and a beta of 2.61. The business has a 50 day moving average of $19.52 and a 200 day moving average of $15.18.
In other news, insider Robert D. Pyle sold 33,535 shares of the firm's stock in a transaction on Tuesday, December 1st. The stock was sold at an average price of $17.57, for a total value of $589,209.95. Following the transaction, the insider now directly owns 57,070 shares in the company, valued at approximately $1,002,719.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO James D. Kellett sold 1,800 shares of the firm's stock in a transaction on Tuesday, November 24th. The stock was sold at an average price of $17.98, for a total value of $32,364.00. Following the completion of the transaction, the chief accounting officer now owns 2,755 shares in the company, valued at $49,534.90. The disclosure for this sale can be found here. Company insiders own 0.80% of the company's stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DAN. Guinness Atkinson Asset Management Inc lifted its position in Dana by 54.9% during the third quarter. Guinness Atkinson Asset Management Inc now owns 4,880 shares of the auto parts company's stock valued at $60,000 after purchasing an additional 1,730 shares in the last quarter. American National Bank purchased a new position in Dana during the third quarter valued at $61,000. Private Advisor Group LLC purchased a new position in Dana during the second quarter valued at $71,000. Nisa Investment Advisors LLC lifted its position in Dana by 122.5% during the third quarter. Nisa Investment Advisors LLC now owns 6,720 shares of the auto parts company's stock valued at $83,000 after purchasing an additional 3,700 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its position in Dana by 10.9% during the third quarter. Meeder Asset Management Inc. now owns 9,830 shares of the auto parts company's stock valued at $122,000 after purchasing an additional 965 shares in the last quarter. Institutional investors own 86.19% of the company's stock.
Dana Incorporated provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. It offers sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer. The company operates in four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.
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