Brokerages forecast that Dana Inc (NYSE:DAN) will announce sales of $1.90 billion for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Dana’s earnings. The highest sales estimate is $1.93 billion and the lowest is $1.88 billion. Dana posted sales of $1.84 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.3%. The firm is expected to report its next earnings report on Tuesday, February 12th.

According to Zacks, analysts expect that Dana will report full year sales of $0.00 for the current financial year. For the next financial year, analysts anticipate that the company will report sales of $8.38 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Dana.

Dana (NYSE:DAN) last issued its quarterly earnings data on Monday, October 29th. The auto parts company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.02. The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Dana had a return on equity of 34.30% and a net margin of 2.79%. Dana’s revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 earnings per share.

Several equities analysts recently issued reports on the company. Zacks Investment Research raised Dana from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Tuesday, January 15th. Barclays set a $23.00 price objective on Dana and gave the stock a “buy” rating in a report on Friday, January 4th. KeyCorp assumed coverage on Dana in a report on Monday, December 10th. They set an “overweight” rating and a $18.00 price objective for the company. Wolfe Research assumed coverage on Dana in a report on Tuesday, October 2nd. They set a “peer perform” rating for the company. Finally, Deutsche Bank assumed coverage on Dana in a report on Thursday, December 13th. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $21.73.

DAN stock traded up $0.62 during midday trading on Friday, hitting $17.76. 2,881,585 shares of the stock were exchanged, compared to its average volume of 1,736,155. The stock has a market cap of $2.57 billion, a PE ratio of 7.05, a P/E/G ratio of 1.94 and a beta of 1.68. Dana has a fifty-two week low of $12.65 and a fifty-two week high of $34.06. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.04 and a current ratio of 1.65.

Hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC raised its holdings in shares of Dana by 286.8% in the 2nd quarter. Renaissance Technologies LLC now owns 1,032,300 shares of the auto parts company’s stock valued at $20,842,000 after purchasing an additional 765,400 shares during the period. OppenheimerFunds Inc. grew its holdings in Dana by 18.7% in the second quarter. OppenheimerFunds Inc. now owns 96,549 shares of the auto parts company’s stock worth $1,949,000 after purchasing an additional 15,200 shares during the period. Bank of America Corp DE grew its holdings in Dana by 22.6% in the second quarter. Bank of America Corp DE now owns 1,138,193 shares of the auto parts company’s stock worth $22,981,000 after purchasing an additional 210,119 shares during the period. Macquarie Group Ltd. grew its holdings in Dana by 54.8% in the second quarter. Macquarie Group Ltd. now owns 9,600 shares of the auto parts company’s stock worth $194,000 after purchasing an additional 3,400 shares during the period. Finally, Zacks Investment Management grew its holdings in shares of Dana by 9.3% during the second quarter. Zacks Investment Management now owns 77,072 shares of the auto parts company’s stock valued at $1,556,000 after buying an additional 6,561 shares during the last quarter. 93.12% of the stock is owned by hedge funds and other institutional investors.

About Dana

Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Driveline Technologies, and Power Technologies.

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