Brokerages Expect Dana Inc (DAN) Will Announce Quarterly Sales of $1.92 Billion

Brokerages predict that Dana Inc (NYSE:DAN) will post sales of $1.92 billion for the current quarter, Zacks reports. Three analysts have provided estimates for Dana’s earnings, with the highest sales estimate coming in at $1.97 billion and the lowest estimate coming in at $1.88 billion. Dana posted sales of $1.84 billion during the same quarter last year, which suggests a positive year over year growth rate of 4.3%. The business is scheduled to issue its next quarterly earnings results before the market opens on Friday, February 15th.

According to Zacks, analysts expect that Dana will report full-year sales of $8.14 billion for the current year. For the next year, analysts forecast that the firm will post sales of $9.15 billion, with estimates ranging from $9.14 billion to $9.16 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Dana.

DAN has been the topic of several research analyst reports. Bank of America cut shares of Dana from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a research note on Thursday, October 18th. JPMorgan Chase & Co. raised shares of Dana from a “neutral” rating to an “overweight” rating and set a $24.00 price target on the stock in a research note on Friday, October 19th. Zacks Investment Research cut shares of Dana from a “hold” rating to a “sell” rating in a research note on Monday, October 22nd. Royal Bank of Canada reissued a “buy” rating and set a $21.00 price target on shares of Dana in a research note on Monday, October 29th. Finally, TheStreet cut shares of Dana from a “b-” rating to a “c” rating in a research note on Monday, October 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $21.91.

Shares of DAN traded up $0.15 during mid-day trading on Wednesday, hitting $16.72. 1,754,375 shares of the company traded hands, compared to its average volume of 1,736,907. Dana has a one year low of $12.65 and a one year high of $30.64. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.65 and a quick ratio of 1.04. The stock has a market capitalization of $2.40 billion, a P/E ratio of 6.63, a price-to-earnings-growth ratio of 1.81 and a beta of 1.90.

A number of hedge funds have recently made changes to their positions in the business. Macquarie Group Ltd. boosted its position in shares of Dana by 54.8% during the second quarter. Macquarie Group Ltd. now owns 9,600 shares of the auto parts company’s stock worth $194,000 after purchasing an additional 3,400 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Dana by 1.9% during the 2nd quarter. Northern Trust Corp now owns 3,031,225 shares of the auto parts company’s stock worth $61,201,000 after buying an additional 55,379 shares during the period. DNB Asset Management AS boosted its holdings in shares of Dana by 12.1% during the 3rd quarter. DNB Asset Management AS now owns 884,055 shares of the auto parts company’s stock worth $16,505,000 after buying an additional 95,697 shares during the period. Ramsey Quantitative Systems bought a new stake in shares of Dana during the 3rd quarter worth about $346,000. Finally, Aperio Group LLC boosted its holdings in shares of Dana by 18.6% during the 3rd quarter. Aperio Group LLC now owns 89,774 shares of the auto parts company’s stock worth $1,676,000 after buying an additional 14,051 shares during the period. 95.24% of the stock is currently owned by hedge funds and other institutional investors.

Dana Company Profile

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 Driveline Technologies, and Power Technologies.

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