Dana (NYSE:DAN) Releases FY24 Earnings Guidance

Dana (NYSE:DAN) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.35-0.85 for the period, compared to the consensus 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.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DAN. Barclays dropped their target price on Dana from $16.00 to $15.00 and set an equal weight rating on the stock in a research report on Wednesday, February 28th. Oppenheimer raised their price target on shares of Dana from $17.00 to $18.00 and gave the company an outperform rating in a research note on Wednesday. JPMorgan Chase & Co. decreased their price target on shares of Dana from $19.00 to $18.00 and set an overweight rating on the stock in a research note on Monday, February 26th. Finally, Wells Fargo & Company decreased their price target on shares of Dana from $14.00 to $13.00 and set an equal weight rating on the stock in a research note on Wednesday, February 21st. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $16.67.

Dana Stock Performance

DAN traded up $0.09 on Thursday, reaching $13.35. The company had a trading volume of 612,692 shares, compared to its average volume of 1,280,137. Dana has a 1 year low of $11.10 and a 1 year high of $19.75. The stock has a market capitalization of $1.94 billion, a PE ratio of 147.35, a P/E/G ratio of 0.47 and a beta of 2.46. The company has a quick ratio of 0.93, a current ratio of 1.60 and a debt-to-equity ratio of 1.61. The stock has a 50-day moving average price of $12.34 and a 200-day moving average price of $12.98.

Dana (NYSE:DAN) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $2.69 billion. During the same quarter last year, the firm earned $0.25 earnings per share. The company’s revenue was up 3.4% compared to the same quarter last year. As a group, research analysts forecast that Dana will post 0.75 EPS for the current fiscal year.

Dana Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 10th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.00%. The ex-dividend date is Thursday, May 9th. Dana’s dividend payout ratio (DPR) is presently 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.