Dana (NYSE:DAN) announced its quarterly earnings data on Thursday. The auto parts company reported ($0.69) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.01, MarketWatch Earnings reports. Dana had a return on equity of 9.37% and a net margin of 0.84%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the business posted $0.87 EPS. The business’s revenue was down 53.3% compared to the same quarter last year.
NYSE DAN traded down $0.46 on Friday, reaching $11.43. The stock had a trading volume of 2,293,658 shares, compared to its average volume of 1,286,125. The company has a debt-to-equity ratio of 1.72, a current ratio of 2.21 and a quick ratio of 1.01. The firm has a fifty day moving average of $12.15 and a two-hundred day moving average of $12.18. Dana has a 1-year low of $4.22 and a 1-year high of $19.21. The company has a market cap of $1.65 billion, a P/E ratio of 27.88, a price-to-earnings-growth ratio of 12.41 and a beta of 2.61.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Dana from a “strong sell” rating to a “hold” rating in a research note on Friday, April 24th. Barclays increased their price target on Dana from $11.00 to $13.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Oppenheimer restated a “buy” rating on shares of Dana in a research note on Sunday, April 19th. Cfra upgraded Dana to a “buy” rating in a research note on Friday, July 17th. Finally, Credit Suisse Group increased their price target on Dana from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Dana currently has a consensus rating of “Buy” and an average price target of $16.00.
Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Drive and Motion Technologies, and Power Technologies.
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