Dana (NYSE:DAN) Releases FY 2024 Earnings Guidance

Dana (NYSE:DAN) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 0.350-0.850 for the period, compared to the consensus EPS estimate of 0.890. The company issued revenue guidance of $10.7 billion-$11.2 billion, compared to the consensus revenue estimate of $10.9 billion. Dana also updated its FY24 guidance to $0.35-0.85 EPS.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Barclays cut their price objective on shares of Dana from $16.00 to $15.00 and set an equal weight rating for the company in a research report on Wednesday, February 28th. Wells Fargo & Company lowered their target price on shares of Dana from $14.00 to $13.00 and set an equal weight rating on the stock in a report on Wednesday, February 21st. Oppenheimer raised their target price on shares of Dana from $17.00 to $18.00 and gave the stock an outperform rating in a report on Wednesday. Finally, JPMorgan Chase & Co. dropped their target price on shares of Dana from $19.00 to $18.00 and set an overweight rating on the stock in a report on Monday, February 26th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $16.67.

Dana Stock Up 0.1 %

Shares of NYSE:DAN traded up $0.01 during midday trading on Thursday, hitting $13.27. 818,390 shares of the company’s stock were exchanged, compared to its average volume of 1,282,168. Dana has a 12 month low of $11.10 and a 12 month high of $19.75. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.60 and a quick ratio of 0.93. The stock has a 50 day moving average price of $12.34 and a 200-day moving average price of $12.98. The company has a market cap of $1.92 billion, a PE ratio of 147.35, a price-to-earnings-growth ratio of 0.47 and a beta of 2.46.

Dana (NYSE:DAN) last issued its quarterly earnings data on Tuesday, April 30th. The auto parts company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). Dana had a return on equity of 5.42% and a net margin of 0.12%. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.69 billion. During the same period in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, sell-side analysts anticipate that Dana will post 0.75 EPS for the current fiscal year.

Dana Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 10th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Thursday, May 9th. Dana’s payout ratio is 444.49%.

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.