Dana - DAN Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Dana in the last year. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" DAN shares. 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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6 analysts have issued 12 month price targets for Dana's shares. Their DAN share price forecasts range from $15.00 to $18.00. On average, they expect the company's share price to reach $16.25 in the next year. This suggests a possible upside of 42.2% from the stock's current price.
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Dana's stock was trading at $22.82 at the beginning of the year. Since then, DAN stock has decreased by 49.9% and is now trading at $11.43.
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Dana saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 4,370,000 shares, an increase of 7.9% from the August 31st total of 4,050,000 shares. Based on an average trading volume of 1,200,000 shares, the short-interest ratio is presently 3.6 days. Currently, 3.1% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our DAN earnings forecast.

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

Dana declared a quarterly dividend on Wednesday, July 27th. Shareholders of record on Friday, August 12th will be given a dividend of $0.10 per share on Friday, September 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date is Thursday, August 11th.
Read our dividend analysis for DAN.

Dana (NYSE:DAN) pays an annual dividend of $0.40 per share and currently has a dividend yield of 3.47%. The dividend payout ratio is 57.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DAN will have a dividend payout ratio of 21.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DAN.

Dana updated its FY 2022 earnings guidance on Wednesday, August, 10th. The company provided EPS guidance of $0.60-$0.90 for the period, compared to the consensus EPS 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 Chief Executive Officer James Kamsickas on Glassdoor.com. James Kamsickas has an approval rating of 75% among the company'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."

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 $11.43.

Dana (NYSE:DAN) has a market capitalization of $1.64 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.

The company employs 40,200 workers across the globe.

Dana's mailing address is 3939 TECHNOLOGY DRIVE, MAUMEE OH, 43537. The official website for the company 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.