Dana (NYSE:DAN – Get Free Report) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of $0.80-1.30 for the period, compared to the consensus earnings per share estimate of $0.83. The company issued revenue guidance of $10.45-10.95 billion, compared to the consensus revenue estimate of $10.83 billion.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on DAN. JPMorgan Chase & Co. decreased their price target on shares of Dana from $18.00 to $17.00 and set an overweight rating for the company in a research note on Monday, July 22nd. Wells Fargo & Company decreased their target price on shares of Dana from $13.00 to $12.00 and set an equal weight rating for the company in a research note on Tuesday, June 25th. UBS Group dropped their price target on Dana from $14.00 to $12.00 and set a neutral rating on the stock in a research report on Wednesday, July 10th. Finally, Oppenheimer increased their price objective on Dana from $17.00 to $18.00 and gave the stock an outperform rating in a research report on Wednesday, May 1st. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $15.50.
Get Our Latest Analysis on Dana
Dana Trading Down 0.8 %
Dana (NYSE:DAN – Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The auto parts company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). Dana had a net margin of 0.12% and a return on equity of 5.42%. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.69 billion. During the same quarter last year, the firm earned $0.25 earnings per share. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. Equities research analysts expect that Dana will post 0.65 EPS for the current year.
Dana Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 9th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.40%. Dana’s payout ratio is 444.49%.
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.
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