Credit Agricole SA Analysts Cut Earnings Estimates for Dana Holding Corp. (DAN)
Dana Holding Corp. (NYSE:DAN) – Analysts at Credit Agricole SA lowered their FY2018 earnings estimates for Dana Holding Corp. in a research report issued to clients and investors on Thursday. Credit Agricole SA analyst E. Rosner now expects that the firm will earn $2.00 per share for the year, down from their previous forecast of $2.25.
DAN has been the topic of several other research reports. Zacks Investment Research lowered Dana Holding Corp. from a “buy” rating to a “hold” rating in a research report on Friday, September 23rd. Barclays PLC upgraded Dana Holding Corp. from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $12.00 to $20.00 in a research note on Friday, September 16th. They noted that the move was a valuation call. Royal Bank Of Canada raised their price target on Dana Holding Corp. from $11.00 to $14.00 and gave the stock a “sector perform” rating in a research note on Friday, July 22nd. FBR & Co restated an “outperform” rating and set a $17.00 price target on shares of Dana Holding Corp. in a research note on Friday, October 21st. Finally, JPMorgan Chase & Co. restated a “hold” rating on shares of Dana Holding Corp. in a research note on Thursday, November 10th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $16.00.
Dana Holding Corp. (NYSE:DAN) traded up 0.43% during trading on Monday, reaching $16.39. The company’s stock had a trading volume of 1,011,612 shares. The stock has a 50 day moving average price of $15.18 and a 200 day moving average price of $13.41. Dana Holding Corp. has a 1-year low of $9.80 and a 1-year high of $16.68. The stock has a market capitalization of $2.36 billion, a PE ratio of 33.38 and a beta of 1.58.
Dana Holding Corp. (NYSE:DAN) last posted its earnings results on Thursday, October 20th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.06. Dana Holding Corp. had a return on equity of 28.86% and a net margin of 1.27%. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 11th will be paid a $0.06 dividend. The ex-dividend date is Tuesday, November 8th. This represents a $0.24 annualized dividend and a dividend yield of 1.47%. Dana Holding Corp.’s dividend payout ratio (DPR) is currently 47.06%.
In related news, Director Mark A. Schulz sold 10,201 shares of Dana Holding Corp. stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $14.60, for a total value of $148,934.60. Following the sale, the director now directly owns 20,000 shares in the company, valued at $292,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mark A. Schulz sold 5,444 shares of Dana Holding Corp. stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $14.43, for a total value of $78,556.92. Following the completion of the sale, the director now owns 30,201 shares in the company, valued at $435,800.43. The disclosure for this sale can be found here. 0.80% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC acquired a new stake in Dana Holding Corp. during the third quarter worth $104,000. Investors Capital Advisory Services increased its stake in Dana Holding Corp. by 0.9% in the second quarter. Investors Capital Advisory Services now owns 10,534 shares of the company’s stock worth $110,000 after buying an additional 92 shares during the period. Acrospire Investment Management LLC acquired a new stake in Dana Holding Corp. during the third quarter worth $111,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Dana Holding Corp. during the second quarter worth $120,000. Finally, Oakbrook Investments LLC increased its stake in Dana Holding Corp. by 4.3% in the second quarter. Oakbrook Investments LLC now owns 12,100 shares of the company’s stock worth $128,000 after buying an additional 500 shares during the period. Hedge funds and other institutional investors own 97.99% of the company’s stock.
Dana Holding Corp. Company Profile
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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