Dana Inc (NYSE:DAN) – Equities researchers at KeyCorp dropped their Q2 2019 earnings per share (EPS) estimates for shares of Dana in a research report issued to clients and investors on Friday, July 12th. KeyCorp analyst J. Picariello now expects that the auto parts company will earn $0.86 per share for the quarter, down from their prior forecast of $0.87.

Dana (NYSE:DAN) last released its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.05. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.18 billion. Dana had a net margin of 5.11% and a return on equity of 31.31%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 earnings per share.

Several other analysts have also recently weighed in on DAN. Zacks Investment Research raised Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Tuesday. Wolfe Research downgraded Southwestern Energy from a “peer perform” rating to an “underperform” rating in a research report on Thursday, April 18th. Credit Suisse Group began coverage on Magna International in a research note on Wednesday, June 26th. They set a “neutral” rating and a $55.00 price objective on the stock. Finally, ValuEngine raised Zogenix from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. Dana has a consensus rating of “Buy” and an average target price of $21.10.

Shares of NYSE DAN opened at $18.56 on Monday. The company has a market capitalization of $2.63 billion, a PE ratio of 6.25, a PEG ratio of 1.56 and a beta of 2.19. The firm’s fifty day moving average is $17.50. Dana has a 52-week low of $12.65 and a 52-week high of $21.79. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.02 and a current ratio of 1.63.

Hedge funds have recently modified their holdings of the company. Norges Bank purchased a new position in shares of Dana during the fourth quarter valued at approximately $30,517,000. Two Sigma Investments LP boosted its holdings in Dana by 150.9% in the fourth quarter. Two Sigma Investments LP now owns 1,384,880 shares of the auto parts company’s stock valued at $18,876,000 after purchasing an additional 832,815 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Dana by 373.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 922,649 shares of the auto parts company’s stock worth $16,368,000 after acquiring an additional 727,918 shares in the last quarter. Gotham Asset Management LLC boosted its stake in shares of Dana by 919.9% during the 4th quarter. Gotham Asset Management LLC now owns 740,189 shares of the auto parts company’s stock worth $10,089,000 after acquiring an additional 667,616 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Dana by 29.7% during the 4th quarter. Bank of New York Mellon Corp now owns 2,619,399 shares of the auto parts company’s stock worth $35,703,000 after purchasing an additional 599,876 shares during the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP James D. Kellett sold 2,825 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $16.05, for a total value of $45,341.25. Following the transaction, the vice president now directly owns 2,704 shares in the company, valued at approximately $43,399.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.75% of the company’s stock.

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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Earnings History and Estimates for Dana (NYSE:DAN)

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