Dana (DAN) Receiving Somewhat Positive Press Coverage, Study Finds
Media headlines about Dana (NYSE:DAN) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Dana earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave media coverage about the auto parts company an impact score of 45.6336654069954 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- MIDEAST STOCKS-Gulf mostly quiet, Dana Gas leaps in Abu Dhabi – Kitco News (kitco.com)
- $1.75 Billion in Sales Expected for Dana Inc (DAN) This Quarter (americanbankingnews.com)
- Dana neighborhood watch participants encouraged to observe, report (enterprisepub.com)
- Red Robin Promotes Dana Benfield To Senior Vice President and Chief Marketing Officer (bizjournals.com)
- Report: L.A. Doctors Get a Raise, Physician Job Growth Remains Flat (labusinessjournal.com)
Dana (NYSE DAN) traded down $0.02 during trading on Wednesday, hitting $32.05. 745,164 shares of the company traded hands, compared to its average volume of 1,456,711. Dana has a 1-year low of $17.53 and a 1-year high of $33.45. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 1.36. The stock has a market cap of $4,680.00, a price-to-earnings ratio of 6.72 and a beta of 1.66.
Dana (NYSE:DAN) last released its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.56 by $0.03. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.71 billion. Dana had a net margin of 10.27% and a return on equity of 29.34%. The business’s revenue for the quarter was up 32.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 EPS. research analysts forecast that Dana will post 2.45 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 10th were issued a $0.06 dividend. The ex-dividend date was Thursday, November 9th. This represents a $0.24 dividend on an annualized basis and a yield of 0.75%. Dana’s dividend payout ratio (DPR) is 5.03%.
DAN has been the topic of a number of recent analyst reports. ValuEngine cut shares of Dana from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Deutsche Bank upped their price target on shares of Dana from $24.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, November 17th. Royal Bank of Canada reaffirmed a “buy” rating and set a $27.00 price target on shares of Dana in a research note on Thursday, October 5th. Zacks Investment Research cut shares of Dana from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, Buckingham Research upped their price target on shares of Dana from $25.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Dana presently has a consensus rating of “Hold” and a consensus price target of $28.00.
In other Dana news, CEO James Kevin Kamsickas sold 57,003 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $31.01, for a total value of $1,767,663.03. Following the transaction, the chief executive officer now directly owns 96,312 shares in the company, valued at approximately $2,986,635.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Virginia A. Kamsky sold 7,323 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $32.14, for a total transaction of $235,361.22. Following the completion of the transaction, the director now owns 35,448 shares in the company, valued at $1,139,298.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 124,085 shares of company stock worth $3,776,775. 1.60% of the stock is owned by insiders.
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Dana Company Profile
Dana Incorporated, formerly Dana Holding Corporation, is a global provider of technology driveline, sealing and thermal-management products. The Company operates in four segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies.
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