Dana (NYSE:DAN) Sets New 1-Year Low Following Weak Earnings

Dana Incorporated (NYSE:DAN)’s stock price reached a new 52-week low during trading on Wednesday following a weaker than expected earnings announcement. The stock traded as low as $9.10 and last traded at $9.10, with a volume of 60179 shares. The stock had previously closed at $10.14.

The auto parts company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.13). The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.57 billion. Dana had a negative net margin of 0.01% and a positive return on equity of 4.98%. The business’s revenue was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 earnings per share.

Dana Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.22%. Dana’s payout ratio is currently -4,000.00%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Wolfe Research began coverage on Dana in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. StockNews.com lowered shares of Dana from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. UBS Group lowered their price target on shares of Dana from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Barclays cut their price objective on shares of Dana from $14.00 to $12.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, Wells Fargo & Company decreased their price objective on shares of Dana from $9.00 to $7.00 and set an “underweight” rating for the company in a research report on Thursday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $12.83.

Hedge Funds Weigh In On Dana

A hedge fund recently bought a new stake in Dana stock. SG Americas Securities LLC purchased a new position in shares of Dana Incorporated (NYSE:DAN) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 32,049 shares of the auto parts company’s stock, valued at approximately $388,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Dana Price Performance

The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.90 and a current ratio of 1.48. The stock has a market capitalization of $1.11 billion, a PE ratio of -766.50, a price-to-earnings-growth ratio of 0.62 and a beta of 2.28. The stock’s 50 day moving average is $10.49 and its two-hundred day moving average is $11.76.

About Dana

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.