Dana Incorporated (NYSE:DAN) issued its earnings results on Thursday, October 26th. The auto parts company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.03, Bloomberg Earnings reports. Dana had a return on equity of 29.34% and a net margin of 10.27%. The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the prior year, the business posted $0.49 EPS. Dana’s quarterly revenue was up 32.3% compared to the same quarter last year. Dana updated its FY17 guidance to $2.30-2.50 EPS.
Shares of Dana (NYSE:DAN) opened at $30.57 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.72 and a quick ratio of 1.17. Dana has a 1-year low of $15.41 and a 1-year high of $31.91. The company has a market cap of $4,430.15, a price-to-earnings ratio of 12.28 and a beta of 1.64.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Thursday, November 9th. Dana’s payout ratio is 5.02%.
In related news, SVP Rodney R. Filcek sold 3,292 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $30.18, for a total value of $99,352.56. Following the transaction, the senior vice president now directly owns 50,251 shares of the company’s stock, valued at approximately $1,516,575.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Dwayne Matthews sold 17,543 shares of the firm’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $29.60, for a total transaction of $519,272.80. Following the completion of the transaction, the insider now directly owns 76,402 shares in the company, valued at $2,261,499.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,759 shares of company stock worth $1,773,750. Corporate insiders own 1.60% of the company’s stock.
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DAN has been the subject of several research reports. Zacks Investment Research lowered Dana from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 17th. BidaskClub raised Dana from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. UBS AG reissued a “neutral” rating and issued a $24.00 target price (up previously from $20.00) on shares of Dana in a report on Tuesday, August 1st. Barclays PLC set a $28.00 price target on Dana and gave the stock a “hold” rating in a research note on Friday, October 20th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $27.00 price target on shares of Dana in a research note on Thursday, October 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Dana has a consensus rating of “Hold” and a consensus target price of $27.00.
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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