Dana (DAN) Issues 2018 Earnings Guidance

Dana (NYSE:DAN) issued an update on its 2018 earnings guidance on Monday morning. The company provided EPS guidance of $2.75-3.05 for the period.

DAN opened at $16.63 on Monday. Dana has a 12 month low of $15.41 and a 12 month high of $35.27. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.05 and a current ratio of 1.63. The company has a market capitalization of $2.40 billion, a P/E ratio of 6.60, a price-to-earnings-growth ratio of 4.46 and a beta of 1.68.

Dana (NYSE:DAN) last posted its earnings results on Wednesday, July 25th. The auto parts company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.04). Dana had a net margin of 2.51% and a return on equity of 32.56%. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2 billion. During the same quarter in the prior year, the business earned $0.68 earnings per share. The firm’s revenue was up 11063.0% compared to the same quarter last year. As a group, research analysts expect that Dana will post 2.94 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 9th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.41%. The ex-dividend date is Thursday, November 8th. Dana’s dividend payout ratio is currently 15.87%.

Several equities analysts have recently issued reports on the company. Royal Bank of Canada reiterated a buy rating and set a $30.00 price target on shares of Dana in a research report on Tuesday, July 17th. Zacks Investment Research upgraded Dana from a sell rating to a hold rating in a research report on Tuesday, August 14th. Stephens reiterated a hold rating and set a $23.00 price target on shares of Dana in a research report on Wednesday, August 1st. Buckingham Research lowered their price target on Dana from $26.00 to $22.00 and set a neutral rating on the stock in a research report on Thursday, July 26th. Finally, Bank of America cut Dana from a buy rating to a neutral rating and set a $21.00 price target on the stock. in a research report on Thursday, October 18th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. Dana has a consensus rating of Hold and a consensus price target of $26.70.

Dana Company Profile

Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Driveline Technologies, and Power Technologies.

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Earnings History and Estimates for Dana (NYSE:DAN)

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