Dana (NYSE:DAN) Posts Quarterly Earnings Results

Dana (NYSE:DAN) released its quarterly earnings results on Thursday. The auto parts company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.15, Zacks reports. Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%.

Dana Price Performance

NYSE:DAN traded up $0.08 during trading hours on Thursday, reaching $16.48. 693,772 shares of the company’s stock were exchanged, compared to its average volume of 1,619,315. The company has a market capitalization of $2.39 billion, a P/E ratio of -149.85, a price-to-earnings-growth ratio of 0.75 and a beta of 2.33. Dana has a 12 month low of $7.58 and a 12 month high of $16.90. The business’s 50-day simple moving average is $13.57 and its two-hundred day simple moving average is $11.40. The company has a quick ratio of 0.86, a current ratio of 1.49 and a debt-to-equity ratio of 1.58.

Dana Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors 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 yield of 2.43%. The ex-dividend date is Friday, February 28th. Dana’s dividend payout ratio is presently -363.60%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. BNP Paribas raised Dana from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $9.00 to $16.00 in a research note on Tuesday, December 3rd. UBS Group lifted their price objective on shares of Dana from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, January 27th. JPMorgan Chase & Co. upped their price objective on shares of Dana from $14.00 to $20.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Wells Fargo & Company raised shares of Dana from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $10.00 to $16.00 in a research note on Monday, January 27th. Finally, Barclays upped their price target on shares of Dana from $18.00 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.86.

Dana Company Profile

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.