Dana Holding Corp. (DAN) to Release Quarterly Earnings on Thursday
Dana Holding Corp. (NYSE:DAN) will announce its Q316 earnings results on Thursday, October 20th. Analysts expect the company to announce earnings of $0.43 per share and revenue of $1.42 billion for the quarter.
Dana Holding Corp. (NYSE:DAN) last released its earnings results on Thursday, July 21st. The company reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.07. Dana Holding Corp. had a return on equity of 26.75% and a net margin of 2.31%. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the business posted $0.48 earnings per share. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. On average, analysts expect Dana Holding Corp. to post $1.7 EPS for the current fiscal year and $1.92 EPS for the next fiscal year.
Dana Holding Corp. (NYSE:DAN) opened at 14.46 on Tuesday. Dana Holding Corp. has a 52-week low of $9.80 and a 52-week high of $17.59. The stock has a market capitalization of $2.08 billion, a P/E ratio of 16.23 and a beta of 1.88. The company’s 50-day moving average price is $14.95 and its 200 day moving average price is $13.15.
In other Dana Holding Corp. news, Director Mark A. Schulz sold 5,444 shares of the business’s stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $14.43, for a total value of $78,556.92. Following the transaction, the director now owns 30,201 shares in the company, valued at $435,800.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Schulz sold 10,201 shares of the business’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $14.60, for a total value of $148,934.60. Following the completion of the transaction, the director now owns 20,000 shares in the company, valued at approximately $292,000. The disclosure for this sale can be found here. 0.80% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC purchased a new position in shares of Dana Holding Corp. during the second quarter worth approximately $177,000. Capstone Investment Advisors LLC purchased a new position in shares of Dana Holding Corp. during the second quarter worth approximately $199,000. Laurion Capital Management LP purchased a new position in shares of Dana Holding Corp. during the second quarter worth approximately $220,000. Highbridge Capital Management LLC purchased a new position in shares of Dana Holding Corp. during the second quarter worth approximately $294,000. Finally, Lombard Odier Asset Management USA Corp purchased a new position in shares of Dana Holding Corp. during the second quarter worth approximately $317,000. Hedge funds and other institutional investors own 99.26% of the company’s stock.
A number of equities analysts recently issued reports on DAN shares. Zacks Investment Research cut Dana Holding Corp. from a “buy” rating to a “hold” rating in a report on Friday, September 23rd. Barclays PLC upgraded Dana Holding Corp. from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $12.00 to $20.00 in a report on Friday, September 16th. They noted that the move was a valuation call. RBC Capital Markets restated a “sector perform” rating and issued a $14.00 target price (up from $11.00) on shares of Dana Holding Corp. in a report on Sunday, July 24th. FBR & Co restated a “buy” rating and issued a $17.00 target price on shares of Dana Holding Corp. in a report on Friday, July 22nd. Finally, Royal Bank Of Canada lifted their target price on Dana Holding Corp. from $11.00 to $14.00 and gave the stock a “sector perform” rating in a report on Friday, July 22nd. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $16.63.
About Dana Holding Corp.
Dana Inc, formerly Dana Holding Corporation, is a provider of high technology driveline, sealing and thermal-management products. The Company offers its products to vehicle manufacturers in the global light vehicle, medium/heavy vehicle and off-highway markets. The Company operates in four segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies.
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