Dana (NYSE:DAN – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.800-1.300 for the period, compared to the consensus earnings per share estimate of 1.000. The company issued revenue guidance of $10.5 billion-$11.0 billion, compared to the consensus revenue estimate of $10.8 billion. Dana also updated its FY24 guidance to $0.80-1.30 EPS.
Dana Price Performance
Shares of DAN traded up $1.38 during trading hours on Wednesday, reaching $13.15. The company had a trading volume of 827,461 shares, compared to its average volume of 1,214,701. The firm has a 50 day simple moving average of $12.62 and a 200-day simple moving average of $12.78. The company has a current ratio of 1.60, a quick ratio of 0.97 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 144.24 and a beta of 2.33. Dana has a 12-month low of $11.10 and a 12-month high of $19.36.
Dana (NYSE:DAN – Get Free Report) last announced 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). The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.69 billion. Dana had a net margin of 0.12% and a return on equity of 5.42%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 EPS. Research analysts expect that Dana will post 0.65 earnings per share for the current year.
Dana Dividend Announcement
Analyst Ratings Changes
Several equities analysts have weighed in on DAN shares. Wells Fargo & Company dropped their target price on shares of Dana from $13.00 to $12.00 and set an equal weight rating for the company in a report on Tuesday, June 25th. JPMorgan Chase & Co. dropped their target price on shares of Dana from $18.00 to $17.00 and set an overweight rating for the company in a report on Monday, July 22nd. Oppenheimer raised their target price on shares of Dana from $17.00 to $18.00 and gave the company an outperform rating in a report on Wednesday, May 1st. Finally, UBS Group lowered their price target on shares of Dana from $14.00 to $12.00 and set a neutral rating for the company in a report on Wednesday, July 10th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Dana currently has an average rating of Hold and an average price target of $15.50.
View Our Latest Research Report on DAN
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.
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