Dana (NYSE:DAN) Posts Earnings Results, Misses Expectations By $0.18 EPS

Dana (NYSE:DAN) announced its quarterly earnings data on Friday. The auto parts company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.18), Zacks reports. The business had revenue of $1.87 billion during the quarter. Dana had a negative return on equity of 3.06% and a net margin of 1.13%.

Dana Stock Performance

NYSE DAN traded down $1.42 on Friday, hitting $33.15. 715,014 shares of the stock were exchanged, compared to its average volume of 973,367. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.17 and a quick ratio of 0.86. The business’s fifty day moving average is $34.46 and its 200 day moving average is $29.03. Dana has a 52 week low of $15.31 and a 52 week high of $39.56. The company has a market capitalization of $3.63 billion, a PE ratio of 58.17 and a beta of 1.97.

Dana Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 8th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, May 8th. Dana’s dividend payout ratio is 84.21%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $36.00 price objective on shares of Dana in a research report on Thursday, January 22nd. Wall Street Zen lowered shares of Dana from a “buy” rating to a “hold” rating in a research report on Sunday, April 19th. Weiss Ratings raised shares of Dana from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, March 19th. UBS Group boosted their price objective on shares of Dana from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Finally, Barclays boosted their price objective on shares of Dana from $32.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, March 30th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Dana presently has an average rating of “Moderate Buy” and a consensus price target of $40.00.

Institutional Trading of Dana

Several institutional investors and hedge funds have recently added to or reduced their stakes in DAN. Loomis Sayles & Co. L P raised its position in shares of Dana by 61.2% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,591,768 shares of the auto parts company’s stock valued at $37,820,000 after purchasing an additional 604,246 shares during the period. Tudor Investment Corp ET AL raised its position in shares of Dana by 28.4% in the fourth quarter. Tudor Investment Corp ET AL now owns 273,631 shares of the auto parts company’s stock valued at $6,501,000 after purchasing an additional 60,487 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Dana by 3.1% during the third quarter. Russell Investments Group Ltd. now owns 927,987 shares of the auto parts company’s stock worth $18,597,000 after purchasing an additional 27,712 shares during the period. Horizon Investments LLC bought a new position in shares of Dana during the third quarter worth approximately $553,000. Finally, Entropy Technologies LP boosted its stake in Dana by 266.2% in the 3rd quarter. Entropy Technologies LP now owns 37,303 shares of the auto parts company’s stock valued at $748,000 after purchasing an additional 27,116 shares during the period. 96.79% of the stock is owned by institutional investors.

Dana Company Profile

Dana Incorporated is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The company’s product portfolio includes axles, driveshafts, transmissions, e-Propulsion systems and thermal-management assemblies that help improve fuel efficiency, reduce emissions and enhance vehicle performance. Dana’s expertise spans internal combustion and electrified powertrains, positioning it to support both traditional and next-generation mobility solutions.

Founded in 1904 by Clarence W.