Dana - DAN Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Dana in the last twelve months. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Dana stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DAN, but not buy additional shares or sell existing shares.
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7 Wall Street analysts have issued 1 year price targets for Dana's stock. Their DAN stock forecasts range from $15.00 to $30.00. On average, they predict Dana's stock price to reach $19.00 in the next twelve months. This suggests a possible upside of 19.3% from the stock's current price.
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Dana's stock was trading at $22.82 at the beginning of 2022. Since then, DAN stock has decreased by 30.2% and is now trading at $15.92.
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Dana saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 3,580,000 shares, a decline of 19.4% from the June 15th total of 4,440,000 shares. Based on an average daily volume of 1,470,000 shares, the days-to-cover ratio is currently 2.4 days. Currently, 2.5% of the company's shares are sold short.
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Dana is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our earnings forecast for Dana.

Dana Incorporated (NYSE:DAN) released its earnings results on Wednesday, August, 3rd. The auto parts company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.21 by $0.13. The auto parts company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.45 billion. Dana had a trailing twelve-month return on equity of 4.89% and a net margin of 1.03%. Dana's quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 earnings per share.

Dana announced a quarterly dividend on Wednesday, July 27th. Stockholders of record on Friday, August 12th will be paid a dividend of $0.10 per share on Friday, September 2nd. This represents a $0.40 annualized dividend and a yield of 2.51%. The ex-dividend date is Thursday, August 11th.
View Dana's dividend history.

Dana(NYSE:DAN) pays an annual dividend of $0.40 per share and currently has a dividend yield of 2.51%. The dividend payout ratio of Dana is 57.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Dana will have a dividend payout ratio of 20.73% next year. This indicates that Dana will be able to sustain or increase its dividend.
View Dana's dividend history.

Dana updated its FY 2022 earnings guidance on Wednesday, August, 3rd. The company provided EPS guidance of $0.60-$0.90 for the period, compared to the consensus estimate of $1.24. The company issued revenue guidance of $10.00 billion-$10.20 billion, compared to the consensus revenue estimate of $10.04 billion.

81 employees have rated Dana CEO James Kamsickas on Glassdoor.com. James Kamsickas has an approval rating of 75% among Dana's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Dana investors own include Micron Technology (MU), AT&T (T), Ford Motor (F), CVS Health (CVS), Intel (INTC), Advanced Micro Devices (AMD), AbbVie (ABBV), Netflix (NFLX), QUALCOMM (QCOM) and Boeing (BA).

Dana trades on the New York Stock Exchange (NYSE) under the ticker symbol "DAN."

Dana's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Pzena Investment Management LLC (4.05%), Russell Investments Group Ltd. (1.23%), Loomis Sayles & Co. L P (0.43%), Foundry Partners LLC (0.28%), Comerica Bank (0.18%) and SG Americas Securities LLC (0.07%). Company insiders that own Dana stock include Aziz Aghili, Byron S Foster, Dwayne Matthews, James D Kellett, Jonathan Mark Collins, Mark E Wallace and Robert D Pyle.
View institutional ownership trends for Dana.

Shares of DAN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DAN stock can currently be purchased for approximately $15.92.

Dana (NYSE:DAN) has a market capitalization of $2.28 billion and generates $8.95 billion in revenue each year. The auto parts company earns $197 million in net income (profit) each year or $0.69 on an earnings per share basis.

Dana employs 40,200 workers across the globe.

Dana's mailing address is 3939 TECHNOLOGY DRIVE, MAUMEE OH, 43537. The official website for Dana is www.dana.com. The auto parts company can be reached via phone at (419) 887-3000, via email at investorrelations@dana.com, or via fax at 419-887-5200.