Dana (NYSE:DAN) Posts Quarterly Earnings Results, Misses Expectations By $0.13 EPS

Dana (NYSE:DAN) announced its earnings results on Wednesday. The auto parts company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.13), Briefing.com reports. The business had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.57 billion. Dana had a negative net margin of 0.01% and a positive return on equity of 4.98%. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.30 earnings per share. Dana updated its FY 2024 guidance to 0.750-0.950 EPS and its FY24 guidance to $0.75-0.95 EPS.

Dana Trading Down 8.5 %

DAN stock traded down $0.71 during mid-day trading on Thursday, reaching $7.68. The company had a trading volume of 2,081,979 shares, compared to its average volume of 1,352,768. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.48 and a quick ratio of 0.90. The company has a market capitalization of $1.11 billion, a PE ratio of -775.00, a price-to-earnings-growth ratio of 0.62 and a beta of 2.28. The firm has a 50 day moving average of $10.49 and a 200 day moving average of $11.76. Dana has a 12 month low of $7.68 and a 12 month high of $15.07.

Dana Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 8th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.40 dividend on an annualized basis and a yield of 5.21%. Dana’s dividend payout ratio is currently -4,000.00%.

Analyst Ratings Changes

Several brokerages have recently issued reports on DAN. JPMorgan Chase & Co. decreased their target price on shares of Dana from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $12.00 target price on shares of Dana in a research report on Tuesday, September 10th. Wells Fargo & Company lowered shares of Dana from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $13.00 to $9.00 in a research report on Friday, September 20th. Wolfe Research started coverage on shares of Dana in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Finally, Barclays reduced their price objective on shares of Dana from $14.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $13.17.

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.