Dana (NYSE:DAN) Issues Quarterly Earnings Results, Beats Estimates By $0.15 EPS

Dana (NYSE:DAN) released its quarterly earnings data on Thursday. The auto parts company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate 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 Price Performance

NYSE:DAN opened at $16.32 on Friday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.86 and a current ratio of 1.49. Dana has a one year low of $7.58 and a one year high of $16.90. The business has a fifty day moving average price of $13.64 and a 200-day moving average price of $11.43.

Dana Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 28th will be paid a $0.10 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.40 annualized dividend and a dividend yield of 2.45%. Dana’s dividend payout ratio (DPR) is -363.60%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Barclays boosted their target price on shares of Dana from $18.00 to $23.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft upgraded shares of Dana from a “hold” rating to a “buy” rating and boosted their target price for the company from $9.00 to $19.00 in a research note on Monday, December 9th. Wells Fargo & Company upgraded shares of Dana from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $10.00 to $16.00 in a research note on Monday, January 27th. UBS Group boosted their target price on shares of Dana from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, BNP Paribas upgraded shares of Dana from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $9.00 to $16.00 in a research note on Tuesday, December 3rd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dana has an average rating of “Moderate Buy” and a consensus 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.