Dana (DAN) Earning Positive Press Coverage, Analysis Finds

News coverage about Dana (NYSE:DAN) has been trending positive recently, according to Alpha One. The research firm, a subsidiary of Accern, identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Dana earned a media sentiment score of 0.31 on Alpha One’s scale. Alpha One also gave headlines about the auto parts company an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the company’s share price in the near future.

Here are some of the headlines that may have effected Alpha One’s analysis:

Shares of Dana (NYSE:DAN) traded down 1.55% during trading on Tuesday, reaching $20.31. 1,740,328 shares of the company traded hands. Dana has a 12-month low of $9.80 and a 12-month high of $21.49. The firm’s 50-day moving average is $19.15 and its 200-day moving average is $18.73. The stock has a market capitalization of $2.94 billion, a PE ratio of 4.42 and a beta of 1.49.

Dana (NYSE:DAN) last issued its quarterly earnings results on Tuesday, May 2nd. The auto parts company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.25. Dana had a return on equity of 29.73% and a net margin of 10.98%. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the company earned $0.34 earnings per share. Dana’s revenue was up 17.4% on a year-over-year basis. On average, equities analysts predict that Dana will post $1.93 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 2nd. Stockholders of record on Friday, May 12th will be given a dividend of $0.06 per share. The ex-dividend date is Wednesday, May 10th. This represents a $0.24 annualized dividend and a dividend yield of 1.18%. Dana’s dividend payout ratio (DPR) is 5.47%.

A number of analysts have issued reports on the stock. Deutsche Bank AG reissued a “buy” rating and issued a $23.00 price objective (up previously from $22.00) on shares of Dana in a report on Wednesday, May 3rd. Zacks Investment Research downgraded shares of Dana from a “hold” rating to a “sell” rating in a report on Wednesday, March 1st. FBR & Co reaffirmed a “market perform” rating and set a $17.00 price target on shares of Dana in a report on Friday, February 10th. Finally, TheStreet raised shares of Dana from a “c+” rating to a “b-” rating in a report on Thursday, February 9th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $21.40.

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In other news, SVP Rodney R. Filcek sold 10,000 shares of Dana stock in a transaction on Friday, May 5th. The stock was sold at an average price of $20.35, for a total transaction of $203,500.00. Following the completion of the sale, the senior vice president now directly owns 36,481 shares in the company, valued at $742,388.35. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Dwayne Matthews sold 6,667 shares of Dana stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $20.13, for a total value of $134,206.71. Following the sale, the insider now owns 49,422 shares of the company’s stock, valued at $994,864.86. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 100,651 shares of company stock valued at $1,983,793. Corporate insiders own 0.80% of the company’s stock.

About Dana

Dana Incorporated, formerly Dana Holding Corporation, is a global provider of technology driveline, sealing and thermal-management products. The Company operates in four segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies.

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