Dana (NYSE:DAN) Releases Earnings Results, Beats Expectations By $0.15 EPS

Dana (NYSE:DAN) issued its quarterly earnings results on Thursday. The auto parts company reported $0.25 earnings per share (EPS) for the quarter, topping 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 Stock Performance

Shares of DAN stock traded down $0.03 on Thursday, hitting $16.38. The company had a trading volume of 303,276 shares, compared to its average volume of 1,609,373. The firm has a market cap of $2.37 billion, a P/E ratio of -146.70, a price-to-earnings-growth ratio of 0.75 and a beta of 2.33. The company has a 50-day moving average price of $13.57 and a 200-day moving average price of $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 has a twelve month low of $7.58 and a twelve month high of $16.90.

Dana Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 28th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, February 28th. This represents a $0.40 annualized dividend and a yield of 2.44%. Dana’s payout ratio is presently -363.60%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on DAN shares. UBS Group raised their price target on Dana from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. 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 report on Tuesday, December 3rd. Barclays lifted their target price on Dana from $18.00 to $23.00 and gave the company an “overweight” rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. boosted their price target on Dana from $14.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Finally, Wells Fargo & Company raised Dana from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $10.00 to $16.00 in a research report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.86.

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.