Dana (NYSE:DAN) Releases FY 2024 Earnings Guidance

Dana (NYSE:DAN) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.350-0.850 for the period, compared to the consensus estimate of 0.890. The company issued revenue guidance of $10.7 billion-$11.2 billion, compared to the consensus revenue estimate of $10.9 billion. Dana also updated its FY24 guidance to $0.35-0.85 EPS.

Analysts Set New Price Targets

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

Dana Stock Performance

DAN traded up $0.01 during trading on Thursday, reaching $13.27. 818,390 shares of the company’s stock were exchanged, compared to its average volume of 1,282,168. Dana has a 1 year low of $11.10 and a 1 year high of $19.75. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.60 and a quick ratio of 0.93. The stock has a market capitalization of $1.92 billion, a P/E ratio of 147.35, a price-to-earnings-growth ratio of 0.47 and a beta of 2.46. The company’s fifty day simple moving average is $12.34 and its 200-day simple moving average is $12.98.

Dana (NYSE:DAN) last released its earnings results on Tuesday, April 30th. The auto parts company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.69 billion. Dana had a return on equity of 5.42% and a net margin of 0.12%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.25 earnings per share. As a group, research analysts predict that Dana will post 0.75 earnings per share for the current fiscal year.

Dana Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 10th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Thursday, May 9th. Dana’s dividend payout ratio (DPR) is 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.