Dana (NYSE:DAN) Announces Quarterly Earnings Results

Dana (NYSE:DAN) announced its quarterly earnings data on Thursday. The auto parts company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.15, Zacks reports. Dana had a positive return on equity of 6.70% and a negative net margin of 0.55%. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.33 billion.

Dana Price Performance

DAN opened at $15.71 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.45 and a quick ratio of 0.86. The business has a fifty day simple moving average of $13.70 and a 200-day simple moving average of $11.46. Dana has a fifty-two week low of $7.58 and a fifty-two week high of $16.90.

Dana Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 28th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Friday, February 28th. Dana’s dividend payout ratio is presently -102.56%.

Analyst Upgrades and Downgrades

DAN has been the topic of several research reports. Deutsche Bank Aktiengesellschaft upgraded Dana from a “hold” rating to a “buy” rating and upped their price objective for the company from $9.00 to $19.00 in a research note on Monday, December 9th. JPMorgan Chase & Co. upped their target price on Dana from $14.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, January 27th. BNP Paribas raised Dana from a “neutral” rating to an “outperform” rating and upped their target price for the company from $9.00 to $16.00 in a report on Tuesday, December 3rd. Royal Bank of Canada upped their target price on Dana from $13.00 to $16.00 and gave the company a “sector perform” rating in a report on Friday. Finally, UBS Group upped their target price on Dana from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, January 27th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.50.

About Dana

Dana Incorporated, together with its subsidiaries, provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. The company operates through four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.