Analysts Offer Predictions for Dana Inc’s Q1 2019 Earnings (DAN)

Dana Inc (NYSE:DAN) – Equities researchers at KeyCorp issued their Q1 2019 earnings estimates for shares of Dana in a research report issued on Monday, February 18th. KeyCorp analyst J. Picariello expects that the auto parts company will post earnings per share of $0.73 for the quarter. KeyCorp currently has a “Buy” rating and a $20.00 target price on the stock. KeyCorp also issued estimates for Dana’s Q2 2019 earnings at $0.90 EPS, Q3 2019 earnings at $0.85 EPS and Q4 2019 earnings at $0.77 EPS.

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Several other research firms also recently issued reports on DAN. Zacks Investment Research raised Dana from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock 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. Wolfe Research raised Dana from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 31st. TheStreet downgraded Dana from a “b-” rating to a “c” rating in a report on Monday, October 29th. Finally, Deutsche Bank initiated coverage on Dana in a report on Thursday, December 13th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. Dana has an average rating of “Hold” and an average target price of $21.91.

NYSE:DAN opened at $19.97 on Thursday. Dana has a 52-week low of $12.65 and a 52-week high of $28.61. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.07 and a current ratio of 1.66. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 6.75, a PEG ratio of 2.18 and a beta of 1.90.

Dana (NYSE:DAN) last announced its earnings results on Friday, February 15th. The auto parts company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.66 by $0.05. The business had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.95 billion. Dana had a return on equity of 33.01% and a net margin of 5.24%. Dana’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 EPS.

A number of large investors have recently bought and sold shares of DAN. Amalgamated Bank raised its position in shares of Dana by 109.5% during the 4th quarter. Amalgamated Bank now owns 22,742 shares of the auto parts company’s stock valued at $310,000 after acquiring an additional 11,888 shares during the last quarter. Weber Alan W raised its position in shares of Dana by 3.4% during the 4th quarter. Weber Alan W now owns 770,993 shares of the auto parts company’s stock valued at $10,509,000 after acquiring an additional 25,000 shares during the last quarter. Legal & General Group Plc raised its position in shares of Dana by 4.5% during the 4th quarter. Legal & General Group Plc now owns 214,545 shares of the auto parts company’s stock valued at $2,924,000 after acquiring an additional 9,185 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Dana by 4.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 36,705 shares of the auto parts company’s stock valued at $500,000 after acquiring an additional 1,614 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in shares of Dana during the 4th quarter valued at $1,404,000. 93.62% of the stock is currently owned by hedge funds and other institutional investors.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.00%. The ex-dividend date is Thursday, February 28th. Dana’s dividend payout ratio is 13.47%.

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 Drive and Motion Technologies, and Power Technologies.

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