Dana Inc (NYSE:DAN) – Equities research analysts at Gabelli raised their FY2018 earnings per share (EPS) estimates for Dana in a research note issued to investors on Wednesday. Gabelli analyst B. Sponheimer now expects that the auto parts company will post earnings of $2.75 per share for the year, up from their previous forecast of $2.70. Gabelli currently has a “Buy” rating on the stock. Gabelli also issued estimates for Dana’s FY2020 earnings at $3.30 EPS and FY2022 earnings at $3.75 EPS.

Dana (NYSE:DAN) last posted its earnings results on Tuesday, February 13th. The auto parts company reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.09. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.82 billion. Dana had a return on equity of 30.70% and a net margin of 1.54%. The company’s quarterly revenue was up 27.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.59 EPS.

Other equities analysts also recently issued reports about the company. Guggenheim restated a “buy” rating and issued a $40.00 price target on shares of Dana in a research note on Wednesday, January 10th. Barclays restated a “hold” rating and issued a $32.00 price target on shares of Dana in a research note on Tuesday, January 9th. ValuEngine downgraded Dana from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Deutsche Bank raised their price target on Dana from $24.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, November 17th. Finally, B. Riley restated a “neutral” rating on shares of Dana in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $29.55.

Dana (NYSE DAN) traded down $0.29 during trading on Thursday, hitting $28.31. The company’s stock had a trading volume of 282,809 shares, compared to its average volume of 1,573,281. The company has a market cap of $4,191.12, a price-to-earnings ratio of 40.93 and a beta of 1.66. Dana has a twelve month low of $17.53 and a twelve month high of $35.27. The company has a current ratio of 1.69, a quick ratio of 1.17 and a debt-to-equity ratio of 1.58.

Dana announced that its board has approved a share buyback plan on Wednesday, January 17th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the auto parts company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

In other Dana news, insider Aziz Aghili sold 12,624 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 18,024 shares in the company, valued at $596,954.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO James Kevin Kamsickas sold 57,003 shares of the company’s 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 transaction, the chief executive officer now directly owns 96,312 shares in the company, valued at $2,986,635.12. The disclosure for this sale can be found here. Insiders have sold 150,533 shares of company stock valued at $4,873,626 in the last 90 days. Company insiders own 1.60% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DAN. Advisors Preferred LLC acquired a new position in shares of Dana in the 4th quarter valued at $120,000. Macquarie Group Ltd. acquired a new stake in Dana during the 4th quarter worth about $141,000. Boothbay Fund Management LLC acquired a new stake in Dana during the 3rd quarter worth about $204,000. Advisory Services Network LLC purchased a new stake in shares of Dana during the 4th quarter worth about $204,000. Finally, First Allied Advisory Services Inc. purchased a new stake in shares of Dana during the 3rd quarter worth about $206,000. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

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About Dana

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.

Earnings History and Estimates for Dana (NYSE:DAN)

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