B. Riley Research Analysts Lift Earnings Estimates for Dana Inc (DAN)
Dana Inc (NYSE:DAN) – Analysts at B. Riley increased their Q1 2018 earnings per share (EPS) estimates for Dana in a research note issued on Wednesday. B. Riley analyst C. Horn now forecasts that the auto parts company will earn $0.68 per share for the quarter, up from their previous forecast of $0.66. B. Riley currently has a “Neutral” rating on the stock. B. Riley also issued estimates for Dana’s Q2 2018 earnings at $0.73 EPS, Q3 2018 earnings at $0.69 EPS, Q4 2018 earnings at $0.66 EPS, FY2018 earnings at $2.76 EPS, Q1 2019 earnings at $0.75 EPS, Q2 2019 earnings at $0.81 EPS, Q3 2019 earnings at $0.77 EPS, Q4 2019 earnings at $0.74 EPS and FY2019 earnings at $3.07 EPS.
Dana (NYSE:DAN) last released its quarterly earnings results on Tuesday, February 13th. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.09. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion. Dana had a net margin of 1.54% and a return on equity of 30.70%. The business’s revenue was up 27.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 EPS.
Shares of Dana (DAN) opened at $28.60 on Thursday. The stock has a market cap of $4,191.12, a P/E ratio of 40.86 and a beta of 1.66. Dana has a 52 week low of $17.53 and a 52 week high of $35.27. The company has a quick ratio of 1.17, a current ratio of 1.69 and a debt-to-equity ratio of 1.58.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in Dana by 4.2% during the 4th quarter. BlackRock Inc. now owns 15,675,484 shares of the auto parts company’s stock worth $501,773,000 after acquiring an additional 626,094 shares in the last quarter. State Street Corp grew its holdings in Dana by 3.3% during the 2nd quarter. State Street Corp now owns 5,224,885 shares of the auto parts company’s stock worth $116,673,000 after acquiring an additional 165,291 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Dana by 19.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,722,951 shares of the auto parts company’s stock worth $151,182,000 after acquiring an additional 771,233 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Dana by 1.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,413,135 shares of the auto parts company’s stock worth $123,392,000 after acquiring an additional 70,332 shares in the last quarter. Finally, Frontier Capital Management Co. LLC grew its holdings in Dana by 8.2% during the 4th quarter. Frontier Capital Management Co. LLC now owns 3,889,210 shares of the auto parts company’s stock worth $124,494,000 after acquiring an additional 296,365 shares in the last quarter. Institutional investors own 96.71% of the company’s stock.
In other Dana news, CEO James Kevin Kamsickas sold 57,003 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $31.01, for a total transaction of $1,767,663.03. Following the completion of the transaction, the chief executive officer now owns 96,312 shares in the company, valued at approximately $2,986,635.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Aziz Aghili sold 12,624 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $33.12, for a total transaction of $418,106.88. Following the transaction, the insider now owns 18,024 shares of the company’s stock, valued at approximately $596,954.88. The disclosure for this sale can be found here. Insiders have sold a total of 150,533 shares of company stock valued at $4,873,626 in the last quarter. 1.60% of the stock is currently owned by company insiders.
Dana declared that its board has approved a stock repurchase program on Wednesday, January 17th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the auto parts company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
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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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