Dana (DAN) Issues FY18 Earnings Guidance
Dana (NYSE:DAN) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.60-2.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.88. The company issued revenue guidance of $7.5-7.7 billion, compared to the consensus revenue estimate of $7.76 billion.
Dana (NYSE:DAN) opened at $30.24 on Tuesday. The stock has a market capitalization of $4,249.07, a P/E ratio of 11.78 and a beta of 1.66. Dana has a 12-month low of $17.53 and a 12-month high of $35.27. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.72 and a quick ratio of 1.17.
Dana (NYSE:DAN) last released its quarterly earnings data on Tuesday, February 13th. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.09. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Dana had a return on equity of 29.34% and a net margin of 10.27%. The firm’s quarterly revenue was up 27.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.59 EPS. equities analysts anticipate that Dana will post 2.44 earnings per share for the current fiscal year.
Several equities analysts recently issued reports on DAN shares. Zacks Investment Research cut Dana from a buy rating to a hold rating in a research report on Monday, February 5th. ValuEngine cut Dana from a strong-buy rating to a buy rating in a research report on Friday, December 1st. Deutsche Bank upped their price objective on Dana from $24.00 to $30.00 and gave the company a hold rating in a research report on Friday, November 17th. Buckingham Research increased their price target on Dana from $25.00 to $32.00 and gave the company a neutral rating in a report on Friday, October 27th. Finally, Barclays increased their price target on Dana from $28.00 to $30.00 and gave the company an equal weight rating in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. Dana currently has a consensus rating of Hold and an average target price of $29.40.
In other Dana news, EVP Mark E. Wallace sold 40,339 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $33.42, for a total value of $1,348,129.38. Following the completion of the sale, the executive vice president now owns 108,139 shares in the company, valued at approximately $3,614,005.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO James Kevin Kamsickas sold 57,003 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $31.01, for a total value of $1,767,663.03. Following the completion of the sale, the chief executive officer now owns 96,312 shares of the company’s stock, valued at approximately $2,986,635.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 150,533 shares of company stock worth $4,873,626. 1.60% of the stock is owned by insiders.
COPYRIGHT VIOLATION NOTICE: “Dana (DAN) Issues FY18 Earnings Guidance” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international copyright laws. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2018/02/13/dana-dan-issues-fy18-earnings-guidance.html.
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.
Receive News & Ratings for Dana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dana and related companies with MarketBeat.com's FREE daily email newsletter.