Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Dana (NYSE:DAN) Stock Price

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Headlines about Dana (NYSE:DAN) have trended somewhat positive on Thursday, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Dana earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned news stories about the auto parts company an impact score of 45.5022706416316 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the media headlines that may have impacted Accern’s scoring:

NYSE:DAN traded up $0.51 during mid-day trading on Thursday, reaching $26.73. 1,263,531 shares of the company were exchanged, compared to its average volume of 1,862,362. The firm has a market cap of $3,780.17, a P/E ratio of 10.61 and a beta of 1.77. The company has a quick ratio of 1.12, a current ratio of 1.69 and a debt-to-equity ratio of 1.58. Dana has a 12 month low of $17.53 and a 12 month high of $35.27.

Dana (NYSE:DAN) last issued its earnings results on Tuesday, February 13th. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.09. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.82 billion. Dana had a net margin of 1.54% and a return on equity of 30.70%. The company’s revenue for the quarter was up 27.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.59 EPS. equities analysts predict that Dana will post 2.89 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, March 2nd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Thursday, March 1st. This is a positive change from Dana’s previous quarterly dividend of $0.06. Dana’s dividend payout ratio (DPR) is 15.87%.

Dana declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, January 17th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the auto parts company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Several equities research analysts have recently weighed in on the stock. Guggenheim reaffirmed a “buy” rating and issued a $40.00 target price on shares of Dana in a report on Wednesday, January 10th. Barclays reaffirmed a “hold” rating and issued a $32.00 target price on shares of Dana in a report on Tuesday, January 9th. Zacks Investment Research raised shares of Dana from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Tuesday, February 6th. JPMorgan Chase lowered their target price on shares of Dana from $37.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. Finally, Gabelli reissued a “buy” rating on shares of Dana in a report on Wednesday, February 14th. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $30.55.

In other news, insider Aziz Aghili sold 12,624 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $33.12, for a total value of $418,106.88. Following the transaction, the insider now owns 18,024 shares of the company’s stock, valued at approximately $596,954.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dwayne Matthews sold 33,244 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $33.22, for a total transaction of $1,104,365.68. Following the completion of the transaction, the insider now directly owns 65,267 shares in the company, valued at approximately $2,168,169.74. The disclosure for this sale can be found here. Insiders sold a total of 86,207 shares of company stock worth $2,870,602 in the last ninety days. Insiders own 1.60% of the company’s stock.

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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 Driveline Technologies, and Power Technologies.

Insider Buying and Selling by Quarter for Dana (NYSE:DAN)

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