Equities Analysts Set Expectations for Dana Inc’s FY2020 Earnings (NYSE:DAN)

Equities Analysts Set Expectations for Dana Inc’s FY2020 Earnings (NYSE:DAN)

Dana Inc (NYSE:DAN) – Equities research analysts at KeyCorp lowered their FY2020 earnings per share estimates for Dana in a report released on Monday, March 9th. KeyCorp analyst J. Picariello now anticipates that the auto parts company will post earnings per share of $2.85 for the year, down from their prior estimate of $3.00. KeyCorp currently has a “Overweight” rating and a $18.00 price target on the stock.

Dana (NYSE:DAN) last issued its quarterly earnings results on Thursday, February 13th. The auto parts company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.60 by $0.07. Dana had a net margin of 2.62% and a return on equity of 24.67%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the business posted $0.76 earnings per share. Dana’s revenue for the quarter was up .7% compared to the same quarter last year.

Other equities research analysts have also issued research reports about the stock. ValuEngine lowered shares of Dana from a “hold” rating to a “sell” rating in a research report on Tuesday, March 3rd. Zacks Investment Research lowered shares of Dana from a “hold” rating to a “sell” rating in a research report on Thursday, March 5th. UBS Group started coverage on shares of Dana in a research report on Tuesday, November 19th. They issued an “outperform” rating and a $20.00 price objective for the company. Oppenheimer started coverage on shares of Dana in a research report on Tuesday, November 19th. They issued an “outperform” rating and a $20.00 price objective for the company. Finally, TheStreet lowered shares of Dana from a “b-” rating to a “c+” rating in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $20.57.

Dana stock opened at $8.23 on Thursday. Dana has a 52-week low of $8.20 and a 52-week high of $20.96. The firm has a fifty day moving average of $15.23 and a 200-day moving average of $15.87. The firm has a market capitalization of $1.25 billion, a P/E ratio of 5.28, a PEG ratio of 0.93 and a beta of 2.15. The company has a quick ratio of 1.07, a current ratio of 1.71 and a debt-to-equity ratio of 1.26.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 28th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend is Thursday, February 27th. Dana’s payout ratio is currently 13.07%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wealthsource Partners LLC boosted its stake in Dana by 5.4% during the 4th quarter. Wealthsource Partners LLC now owns 14,615 shares of the auto parts company’s stock valued at $266,000 after acquiring an additional 750 shares during the last quarter. American International Group Inc. lifted its position in shares of Dana by 0.3% in the 4th quarter. American International Group Inc. now owns 365,984 shares of the auto parts company’s stock worth $6,661,000 after buying an additional 995 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Dana by 12.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,207 shares of the auto parts company’s stock worth $168,000 after buying an additional 1,007 shares during the last quarter. Mason Street Advisors LLC lifted its position in shares of Dana by 1.4% in the 4th quarter. Mason Street Advisors LLC now owns 76,553 shares of the auto parts company’s stock worth $1,393,000 after buying an additional 1,078 shares during the last quarter. Finally, First Mercantile Trust Co. lifted its position in shares of Dana by 3.2% in the 4th quarter. First Mercantile Trust Co. now owns 37,037 shares of the auto parts company’s stock worth $675,000 after buying an additional 1,147 shares during the last quarter. 98.28% of the stock is owned by institutional investors and hedge funds.

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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