FY2017 Earnings Estimate for Dana Holding Corp. Issued By Credit Agricole SA (DAN)
Dana Holding Corp. (NYSE:DAN) – Equities research analysts at Credit Agricole SA reduced their FY2017 earnings per share estimates for shares of Dana Holding Corp. in a report issued on Thursday. Credit Agricole SA analyst E. Rosner now forecasts that the brokerage will post earnings of $1.80 per share for the year, down from their previous estimate of $1.95.
Dana Holding Corp. (NYSE:DAN) last released its earnings results on Thursday, October 20th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. Dana Holding Corp. had a net margin of 1.27% and a return on equity of 28.86%. The firm earned $1.38 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the firm earned $0.41 earnings per share. Dana Holding Corp.’s revenue was down 5.5% compared to the same quarter last year.
Several other equities analysts have also weighed in on DAN. Royal Bank Of Canada raised their price objective on shares of Dana Holding Corp. from $11.00 to $14.00 and gave the company a “sector perform” rating in a research report on Friday, July 22nd. FBR & Co restated a “buy” rating and set a $17.00 price objective on shares of Dana Holding Corp. in a research report on Friday, July 22nd. RBC Capital Markets restated a “sector perform” rating and set a $14.00 price objective (up previously from $11.00) on shares of Dana Holding Corp. in a research report on Sunday, July 24th. Zacks Investment Research upgraded shares of Dana Holding Corp. from a “sell” rating to a “hold” rating in a research report on Monday, July 25th. Finally, Barclays PLC upgraded shares of Dana Holding Corp. from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $12.00 to $20.00 in a research report on Friday, September 16th. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $16.00.
Dana Holding Corp. (NYSE:DAN) traded up 2.55% during midday trading on Friday, reaching $16.11. 3,495,620 shares of the company were exchanged. The firm’s 50-day moving average price is $15.18 and its 200 day moving average price is $13.41. Dana Holding Corp. has a 52-week low of $9.80 and a 52-week high of $16.68. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 32.81 and a beta of 1.58.
Several hedge funds have recently bought and sold shares of DAN. BlackRock Group LTD raised its stake in Dana Holding Corp. by 31.4% in the first quarter. BlackRock Group LTD now owns 107,592 shares of the company’s stock worth $1,516,000 after buying an additional 25,702 shares during the period. UBS Group AG raised its stake in Dana Holding Corp. by 95.9% in the first quarter. UBS Group AG now owns 229,688 shares of the company’s stock worth $3,237,000 after buying an additional 112,425 shares during the period. AXA bought a new stake in Dana Holding Corp. during the first quarter worth about $785,000. Goldman Sachs Group Inc. raised its stake in Dana Holding Corp. by 92.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,647,598 shares of the company’s stock worth $23,215,000 after buying an additional 791,733 shares during the period. Finally, Geode Capital Management LLC raised its stake in Dana Holding Corp. by 0.3% in the first quarter. Geode Capital Management LLC now owns 1,318,242 shares of the company’s stock worth $18,574,000 after buying an additional 3,974 shares during the period. 98.80% of the stock is owned by institutional investors and hedge funds.
In other news, Director Mark A. Schulz sold 10,201 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 20,000 shares of the company’s stock, valued at $292,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Schulz sold 5,444 shares of the stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $14.43, for a total transaction of $78,556.92. Following the completion of the sale, the director now directly owns 30,201 shares of the company’s stock, valued at $435,800.43. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by insiders.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 11th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Tuesday, November 8th. Dana Holding Corp.’s dividend payout ratio (DPR) is 47.06%.
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.
Receive News & Stock Ratings for Dana Holding Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dana Holding Corp. and related stocks with our FREE daily email newsletter.