Dana (DAN) to Release Quarterly Earnings on Tuesday

Dana (NYSE:DAN) is set to announce its earnings results before the market opens on Tuesday, April 30th. Analysts expect Dana to post earnings of $0.12 per share for the quarter. Dana has set its FY 2024 guidance at 0.350-0.850 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Dana (NYSE:DAN) last announced its earnings results on Tuesday, February 20th. The auto parts company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.06). The company had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.58 billion. Dana had a net margin of 0.36% and a return on equity of 7.37%. Dana’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.10) earnings per share. On average, analysts expect Dana to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Dana Price Performance

NYSE DAN opened at $12.32 on Tuesday. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.58 and a quick ratio of 0.93. Dana has a 1-year low of $11.10 and a 1-year high of $19.75. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 47.38, a PEG ratio of 0.35 and a beta of 2.49. The business’s fifty day moving average price is $12.42 and its 200-day moving average price is $13.02.

Dana Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 1st were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.40 annualized dividend and a yield of 3.25%. Dana’s payout ratio is 153.85%.

Analysts Set New Price Targets

Several research firms have recently commented on DAN. Barclays reduced their price target on shares of Dana from $16.00 to $15.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 28th. Wells Fargo & Company reduced their target price on shares of Dana from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Wednesday, February 21st. Finally, JPMorgan Chase & Co. dropped their price target on shares of Dana from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, February 26th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $16.43.

Dana Company Profile

Dana Incorporated, together with its subsidiaries, provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. The company operates through four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.