Dana (NYSE:DAN) issued an update on its FY 2023 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $3.500-$3.500 for the period. The company issued revenue guidance of $10 B-.Dana also updated its FY 2021 guidance to $2.450-$2.450 EPS.
DAN has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Dana from a strong-buy rating to a hold rating in a research note on Thursday, July 15th. TheStreet raised Dana from a c rating to a b- rating in a research report on Friday, July 30th. Bank of America raised Dana from a neutral rating to a buy rating and reduced their target price for the stock from $31.00 to $30.00 in a research report on Thursday, September 16th. Wells Fargo & Company lowered their price objective on Dana from $32.00 to $31.00 and set an overweight rating for the company in a research report on Friday, September 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Dana from $33.00 to $34.00 and gave the company a buy rating in a report on Monday, August 2nd. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Buy and a consensus target price of $28.00.
DAN traded down $0.64 during midday trading on Tuesday, reaching $23.50. 777,853 shares of the company’s stock traded hands, compared to its average volume of 1,104,727. Dana has a 52 week low of $12.20 and a 52 week high of $28.44. The firm has a fifty day moving average of $22.98 and a two-hundred day moving average of $24.52. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.66 and a quick ratio of 1.01. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 16.56 and a beta of 2.50.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 3rd. Investors of record on Friday, August 13th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Thursday, August 12th. Dana’s payout ratio is currently 102.56%.
Dana, Inc engages in the manufacture, distribution, and sale of technology drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products. It operates through the following segments: Light Vehicle, Commercial Vehicle, Off-Highway, and Power Technologies. The Light Vehicle segment includes drivetrain systems and components for passenger cars, crossovers, sport utility vehicles, vans, and light trucks.
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