Analysts Anticipate Dana Inc (NYSE:DAN) Will Announce Quarterly Sales of $2.19 Billion

Equities research analysts forecast that Dana Inc (NYSE:DAN) will report $2.19 billion in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Dana’s earnings, with the lowest sales estimate coming in at $2.16 billion and the highest estimate coming in at $2.26 billion. Dana posted sales of $1.98 billion in the same quarter last year, which would indicate a positive year over year growth rate of 10.6%. The company is expected to announce its next quarterly earnings results before the market opens on Wednesday, October 30th.

According to Zacks, analysts expect that Dana will report full-year sales of $8.83 billion for the current fiscal year, with estimates ranging from $8.77 billion to $8.96 billion. For the next fiscal year, analysts anticipate that the business will post sales of $8.76 billion, with estimates ranging from $8.63 billion to $9.00 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Dana.

Dana (NYSE:DAN) last posted its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.02). Dana had a net margin of 2.67% and a return on equity of 29.55%. The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the previous year, the company posted $0.74 EPS. Dana’s revenue for the quarter was up 12.0% on a year-over-year basis.

Several equities research analysts recently issued reports on DAN shares. Bank of America upgraded shares of Dana from a “neutral” rating to a “buy” rating in a report on Friday, September 13th. They noted that the move was a valuation call. Barclays dropped their price target on shares of Dana from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, September 12th. UBS Group dropped their price target on shares of Dana from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. Credit Suisse Group started coverage on shares of Dana in a research note on Wednesday, June 26th. They set an “outperform” rating and a $22.00 price target on the stock. Finally, KeyCorp dropped their price target on shares of Dana from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $21.10.

DAN stock traded up $0.22 on Tuesday, hitting $15.54. The company had a trading volume of 41,654 shares, compared to its average volume of 1,319,648. Dana has a 12-month low of $11.57 and a 12-month high of $20.96. The company has a current ratio of 1.63, a quick ratio of 1.01 and a debt-to-equity ratio of 1.41. The stock’s 50-day simple moving average is $14.13 and its 200 day simple moving average is $16.45. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 5.25, a P/E/G ratio of 1.47 and a beta of 2.22.

In other news, EVP Mark E. Wallace sold 44,570 shares of Dana stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $13.41, for a total transaction of $597,683.70. Following the transaction, the executive vice president now owns 145,431 shares in the company, valued at approximately $1,950,229.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.75% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. First Pacific Advisors LP increased its stake in Dana by 4.4% in the 1st quarter. First Pacific Advisors LP now owns 377,753 shares of the auto parts company’s stock valued at $6,701,000 after buying an additional 16,060 shares during the period. Nordea Investment Management AB boosted its stake in shares of Dana by 242.9% during the 1st quarter. Nordea Investment Management AB now owns 219,105 shares of the auto parts company’s stock valued at $3,887,000 after buying an additional 155,200 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Dana by 54.6% during the 1st quarter. First Trust Advisors LP now owns 201,950 shares of the auto parts company’s stock valued at $3,583,000 after buying an additional 71,292 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in shares of 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 buying an additional 8,801 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its stake in shares of Dana by 4.4% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 31,220 shares of the auto parts company’s stock valued at $623,000 after buying an additional 1,302 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

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 Drive and Motion Technologies, and Power Technologies.

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Earnings History and Estimates for Dana (NYSE:DAN)

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