Dana (NYSE:DAN) updated its FY18 earnings guidance on Tuesday. The company provided EPS guidance of $2.60-2.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.88. The company issued revenue guidance of $7.5-7.7 billion, compared to the consensus revenue estimate of $7.76 billion.
Shares of Dana (DAN) traded down $0.03 during trading on Thursday, hitting $26.20. The stock had a trading volume of 1,271,999 shares, compared to its average volume of 2,000,000. The company has a current ratio of 1.69, a quick ratio of 1.12 and a debt-to-equity ratio of 1.58. The stock has a market cap of $3,800.00, a PE ratio of 13.17 and a beta of 1.79. Dana has a 12-month low of $17.53 and a 12-month high of $35.27.
Dana (NYSE:DAN) last issued its earnings results on Tuesday, February 13th. The auto parts company reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.09. Dana had a return on equity of 30.70% and a net margin of 1.54%. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the company posted $0.59 EPS. Dana’s revenue was up 27.0% on a year-over-year basis. equities analysts expect that Dana will post 2.8 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 2nd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.53%. The ex-dividend date is Thursday, March 1st. This is an increase from Dana’s previous quarterly dividend of $0.06. Dana’s payout ratio is presently 20.10%.
Dana announced that its board has authorized a stock buyback plan on Wednesday, January 17th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the auto parts company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.
A number of brokerages have recently commented on DAN. Zacks Investment Research downgraded Dana from a buy rating to a hold rating in a research note on Monday, February 5th. ValuEngine downgraded Dana from a strong-buy rating to a buy rating in a research report on Friday, December 1st. Deutsche Bank increased their price target on Dana from $24.00 to $30.00 and gave the stock a hold rating in a research report on Friday, November 17th. Gabelli reissued a buy rating on shares of Dana in a report on Wednesday, February 14th. Finally, JPMorgan Chase & Co. reduced their target price on Dana from $37.00 to $35.00 and set a neutral rating for the company in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. Dana has a consensus rating of Hold and a consensus target price of $29.55.
In other news, Director Virginia A. Kamsky sold 7,323 shares of Dana stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $32.14, for a total transaction of $235,361.22. Following the sale, the director now owns 35,448 shares in the company, valued at $1,139,298.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dwayne Matthews sold 33,244 shares of Dana stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $33.22, for a total value of $1,104,365.68. Following the completion of the sale, the insider now directly owns 65,267 shares in the company, valued at approximately $2,168,169.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 93,530 shares of company stock worth $3,105,963. 1.60% of the stock is owned by insiders.
Dana Incorporated, formerly Dana Holding Corporation, is a global provider of technology driveline, sealing and thermal-management products. The Company operates in four segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies.
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