Dana Incorporated provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. It operates in four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies. The Light Vehicle Drive Systems segment offers axles, driveshafts, e-axles, electrodynamic and drivetrain components, and transmissions, as well as electric, hybrid, and ICE products for light trucks, sport and crossover utility vehicles, vans, and passenger cars. The Commercial Vehicle Drive and Motion Systems segment provides axles, driveshafts, e-axles, e-transmissions, electrodynamic and drivetrain components, and electric vehicle integration services, as well as software as a service for medium and heavy duty trucks, buses, and specialty vehicles. The Off-Highway Drive and Motion Systems segment offers axles, driveshafts, transmissions, planetary hub drives, e-axles and e-drives, and helical and bevel-helical gearboxes, as well as electrodynamic, hydraulic, and drivetrain components for construction, earth moving, agricultural, mining, forestry, material handling, and industrial stationary markets. The Power Technologies segment offers gaskets and sealing, cover modules, heat shields, thermal management, e-thermal management, cooling, and bipolar fuel cell plates products for light vehicle, medium/heavy vehicle, and off-highway markets. The company was formerly known as Dana Holding Corporation and changed its name to Dana Incorporated in August 2016. Dana Incorporated was founded in 1904 and is headquartered in Maumee, Ohio.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on DAN shares. BNP Paribas started coverage on Dana in a research note on Monday, April 11th. They issued a "neutral" rating for the company. Exane BNP Paribas started coverage on Dana in a research note on Monday, April 11th. They set a "neutral" rating for the company. Royal Bank of Canada boosted their target price on Dana from $17.00 to $18.00 and gave the stock an "outperform" rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft cut Dana from a "buy" rating to a "hold" rating and lowered their target price for the stock from $18.00 to $15.00 in a research note on Thursday. Finally, Wells Fargo & Company boosted their target price on Dana from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $19.00.
Dana Stock Down 0.3 %
Shares of NYSE:DAN traded down $0.04 on Friday, hitting $15.92. 925,880 shares of the company's stock were exchanged, compared to its average volume of 977,240. The firm's 50-day moving average is $15.37 and its 200 day moving average is $16.93. The company has a market capitalization of $2.28 billion, a PE ratio of 23.07 and a beta of 2.27. Dana has a 1-year low of $13.06 and a 1-year high of $25.59. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.90 and a current ratio of 1.52.
Dana (NYSE:DAN - Get Rating) last released its quarterly earnings data on Wednesday, August 3rd. The auto parts company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.13). The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.45 billion. Dana had a return on equity of 4.89% and a net margin of 1.03%. The company's revenue was up 17.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.59 earnings per share. Sell-side analysts predict that Dana will post 0.72 EPS for the current year.
Dana Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Friday, August 12th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Thursday, August 11th. Dana's payout ratio is currently 57.97%.