Dana (DAN) Set to Announce Earnings on Wednesday

Dana (NYSE:DAN - Get Free Report) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Dana has set its FY24 guidance at $0.80-1.30 EPS and its FY 2024 guidance at 0.800-1.300 EPS.Parties that are interested in registering for the company's conference call can do so using this link.

Dana (NYSE:DAN - Get Free Report) last issued its earnings results on Wednesday, July 31st. The auto parts company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.07. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.76 billion. Dana had a negative net margin of 0.01% and a positive return on equity of 4.98%. The company's revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 EPS. On average, analysts expect Dana to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Dana Trading Down 1.0 %

Shares of NYSE DAN traded down $0.10 during trading hours on Wednesday, reaching $10.20. The stock had a trading volume of 1,715,422 shares, compared to its average volume of 1,317,399. Dana has a 52-week low of $9.16 and a 52-week high of $15.07. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 114.50, a P/E/G ratio of 0.62 and a beta of 2.28. The business's fifty day moving average price is $10.59 and its two-hundred day moving average price is $11.87. The company has a current ratio of 1.48, a quick ratio of 0.90 and a debt-to-equity ratio of 1.55.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. StockNews.com downgraded Dana from a "buy" rating to a "hold" rating in a research report on Wednesday, October 9th. Wolfe Research started coverage on shares of Dana in a research report on Thursday, September 5th. They set a "peer perform" rating on the stock. JPMorgan Chase & Co. lowered their price target on shares of Dana from $17.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $12.00 price objective on shares of Dana in a research note on Tuesday, September 10th. Finally, Barclays reduced their price objective on shares of Dana from $16.00 to $14.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $13.50.

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.