Dana (NYSE:DAN) Releases Quarterly Earnings Results, Beats Expectations By $0.15 EPS

Dana (NYSE:DAN) issued its earnings results on Thursday. The auto parts company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.10 by $0.15, Zacks reports. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Dana had a positive return on equity of 6.70% and a negative net margin of 0.55%.

Dana Price Performance

NYSE DAN opened at $15.71 on Friday. Dana has a fifty-two week low of $7.58 and a fifty-two week high of $16.90. The stock’s 50-day moving average is $13.70 and its two-hundred day moving average is $11.46. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 1.45.

Dana Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 28th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, February 28th. This represents a $0.40 annualized dividend and a yield of 2.55%. Dana’s dividend payout ratio (DPR) is currently -102.56%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DAN shares. Wells Fargo & Company raised Dana from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $10.00 to $16.00 in a research report on Monday, January 27th. BNP Paribas raised Dana from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $9.00 to $16.00 in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. increased their price objective on Dana from $14.00 to $20.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Barclays increased their price objective on Dana from $18.00 to $23.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th. Finally, UBS Group increased their price objective on Dana from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.50.

About Dana

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.