Dana Incorporated (NYSE:DAN) Updates FY17 Earnings Guidance
Dana Incorporated (NYSE:DAN) issued an update on its FY17 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $2.20-2.40 for the period, compared to the Thomson Reuters consensus estimate of $1.99. The company issued revenue guidance of $6.8-7.0 billion, compared to the consensus revenue estimate of $6.49 billion.
Shares of Dana Incorporated (DAN) opened at 24.02 on Thursday. The firm’s 50-day moving average is $23.15 and its 200-day moving average is $20.60. Dana Incorporated has a 52 week low of $13.63 and a 52 week high of $25.10. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 5.09 and a beta of 1.49.
Dana (NYSE:DAN) last announced its earnings results on Monday, July 31st. The auto parts company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.17. Dana had a return on equity of 30.79% and a net margin of 10.80%. The firm had revenue of $18.40 million during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the company earned $0.53 EPS. The firm’s revenue for the quarter was down 98.8% compared to the same quarter last year. On average, equities research analysts anticipate that Dana Incorporated will post $2.34 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be paid a dividend of $0.06 per share. The ex-dividend date is Wednesday, August 9th. This represents a $0.24 annualized dividend and a yield of 0.99%. Dana’s payout ratio is 5.10%.
DAN has been the subject of several recent analyst reports. BidaskClub downgraded Dana from a strong-buy rating to a buy rating in a research note on Friday, July 28th. Barclays PLC cut Dana from an overweight rating to an equal weight rating and upped their price target for the company from $23.00 to $24.00 in a report on Wednesday, July 19th. Guggenheim started coverage on Dana in a report on Wednesday, June 21st. They issued a buy rating and a $27.00 price target for the company. Deutsche Bank AG reaffirmed a buy rating and issued a $23.00 price target (up previously from $22.00) on shares of Dana in a report on Wednesday, May 3rd. Finally, UBS AG cut Dana to a neutral rating in a report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. Dana presently has a consensus rating of Hold and a consensus price target of $23.50.
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Dana Company Profile
Dana Incorporated, formerly Dana Holding Corporation, is a global provider of technology driveline, sealing and thermal-management products. 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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