Dana Incorporated (NYSE:DAN) Expected to Announce Quarterly Sales of $2.41 Billion

Equities analysts expect that Dana Incorporated (NYSE:DANGet Rating) will post $2.41 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Dana’s earnings. The lowest sales estimate is $2.39 billion and the highest is $2.44 billion. Dana reported sales of $2.21 billion in the same quarter last year, which indicates a positive year over year growth rate of 9%. The company is scheduled to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Dana will report full-year sales of $10.03 billion for the current year, with estimates ranging from $9.97 billion to $10.10 billion. For the next year, analysts forecast that the firm will post sales of $10.63 billion, with estimates ranging from $10.50 billion to $10.75 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Dana.

Dana (NYSE:DANGet Rating) last released its quarterly earnings results on Wednesday, April 27th. The auto parts company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.24 billion. Dana had a return on equity of 8.65% and a net margin of 1.56%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.66 EPS.

DAN has been the subject of several analyst reports. Wells Fargo & Company lowered Dana from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $23.00 to $17.00 in a research note on Tuesday, April 12th. Royal Bank of Canada decreased their price objective on Dana from $29.00 to $24.00 and set an “outperform” rating on the stock in a research note on Monday, February 28th. Exane BNP Paribas assumed coverage on Dana in a research note on Monday, April 11th. They set a “neutral” rating for the company. Barclays decreased their target price on shares of Dana from $18.00 to $16.00 in a research note on Thursday, April 28th. Finally, StockNews.com started coverage on shares of Dana in a research note on Thursday, March 31st. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Dana has a consensus rating of “Hold” and an average target price of $22.00.

In other Dana news, insider Byron S. Foster bought 8,500 shares of the firm’s stock in a transaction dated Friday, March 4th. The shares were purchased at an average cost of $16.31 per share, for a total transaction of $138,635.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.80% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP increased its position in Dana by 54.6% during the first quarter. First Trust Advisors LP now owns 201,950 shares of the auto parts company’s stock valued at $3,583,000 after acquiring an additional 71,292 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its holdings in Dana by 5.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 160,972 shares of the auto parts company’s stock valued at $2,856,000 after purchasing an additional 8,801 shares during the last quarter. Deutsche Bank AG raised its position in Dana by 9.4% in the 3rd quarter. Deutsche Bank AG now owns 143,952 shares of the auto parts company’s stock worth $3,203,000 after purchasing an additional 12,417 shares during the period. US Bancorp DE lifted its stake in Dana by 21.9% in the third quarter. US Bancorp DE now owns 2,719 shares of the auto parts company’s stock worth $61,000 after purchasing an additional 488 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its position in shares of Dana by 0.9% during the third quarter. Gamco Investors INC. ET AL now owns 3,233,608 shares of the auto parts company’s stock valued at $71,915,000 after buying an additional 27,529 shares during the period. Institutional investors own 94.65% of the company’s stock.

Shares of DAN stock opened at $14.86 on Tuesday. The company has a current ratio of 1.52, a quick ratio of 0.90 and a debt-to-equity ratio of 1.20. Dana has a 12 month low of $13.49 and a 12 month high of $28.20. The stock has a market cap of $2.13 billion, a P/E ratio of 15.01 and a beta of 2.32. The company has a 50 day simple moving average of $16.21 and a two-hundred day simple moving average of $20.12.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 27th. Shareholders of record on Friday, May 6th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 5th. This represents a $0.40 annualized dividend and a yield of 2.69%. Dana’s dividend payout ratio (DPR) is currently 40.40%.

About Dana (Get Rating)

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.

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