Dana (NYSE:DAN) Releases FY24 Earnings Guidance

Dana (NYSE:DAN) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided EPS guidance of $0.35-0.85 for the period, compared to the consensus EPS estimate of $0.87. The company issued revenue guidance of $10.65-11.15 billion, compared to the consensus revenue estimate of $10.89 billion. Dana also updated its FY 2024 guidance to 0.350-0.850 EPS.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Barclays reduced their price target 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. JPMorgan Chase & Co. decreased their price target on shares of Dana from $19.00 to $18.00 and set an overweight rating for the company in a research note on Monday, February 26th. Wells Fargo & Company lowered their price target 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. Finally, Oppenheimer increased their price objective on Dana from $17.00 to $18.00 and gave the company an outperform rating in a report on Wednesday. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of $16.67.

Dana Stock Performance

DAN traded down $0.01 on Friday, hitting $13.31. The company’s stock had a trading volume of 1,107,806 shares, compared to its average volume of 1,294,089. The company’s 50 day simple moving average is $12.37 and its 200-day simple moving average is $12.98. The company has a quick ratio of 0.93, a current ratio of 1.60 and a debt-to-equity ratio of 1.61. Dana has a 12 month low of $11.10 and a 12 month high of $19.75. The firm has a market cap of $1.93 billion, a P/E ratio of 147.91, a price-to-earnings-growth ratio of 0.50 and a beta of 2.46.

Dana (NYSE:DAN) last posted its quarterly earnings results on Tuesday, April 30th. The auto parts company reported $0.02 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 company 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 business earned $0.25 earnings per share. Dana’s revenue was up 3.4% on a year-over-year basis. Analysts forecast that Dana will post 0.75 EPS for the current year.

Dana Announces Dividend

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

Dana Company Profile

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.