News articles about Dana (NYSE:DAN) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Dana earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave media stories about the auto parts company an impact score of 46.4925751908301 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
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Dana Watch: Dems vs. Dems (ocweekly.com) Dana Milbank: Hey, Democrats, what’s the big idea? No, really. What’s the big idea? (sltrib.com) Conor McGregor: Dana White makes huge admission as court case looms (express.co.uk) TMT Mother of the Year winner Dana Weinberg (malibutimes.com) Dana Milbank: The ideal candidate qualities for the Democrats exist (pressherald.com)
NYSE:DAN opened at $24.12 on Friday. The company has a market capitalization of $3.45 billion, a P/E ratio of 9.57 and a beta of 1.79. Dana has a 1-year low of $23.64 and a 1-year high of $23.80. The company has a quick ratio of 1.15, a current ratio of 1.70 and a debt-to-equity ratio of 1.44.
Dana (NYSE:DAN) last released its earnings results on Monday, April 30th. The auto parts company reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.08. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $1.91 billion. Dana had a return on equity of 31.99% and a net margin of 1.88%. Dana’s quarterly revenue was up 25.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS. equities analysts forecast that Dana will post 2.94 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Friday, May 11th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, May 10th. This represents a $0.40 dividend on an annualized basis and a yield of 1.66%. Dana’s payout ratio is 15.87%.
Dana announced that its board has authorized a share buyback program on Monday, March 26th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the auto parts company to buy up to 2.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Dana from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research report on Tuesday, February 6th. JPMorgan Chase dropped their price target on Dana from $37.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. Guggenheim set a $36.00 price target on Dana and gave the company a “buy” rating in a research report on Wednesday, February 14th. TheStreet downgraded Dana from a “b” rating to a “c” rating in a research report on Tuesday, February 13th. Finally, Gabelli reiterated a “buy” rating on shares of Dana in a research report on Wednesday, February 14th. Eleven analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $29.36.
In related news, CFO Jonathan Mark Collins sold 22,000 shares of the business’s stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $23.51, for a total value of $517,220.00. Following the completion of the sale, the chief financial officer now owns 28,703 shares in the company, valued at approximately $674,807.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.60% of the company’s stock.
Dana Company Profile
Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Driveline Technologies, and Power Technologies.