Dana (NYSE:DAN – Get Free Report) issued its quarterly earnings data on Friday. The auto parts company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.18), Zacks reports. The business had revenue of $1.87 billion for the quarter. Dana had a negative return on equity of 3.06% and a net margin of 1.13%.
Dana Stock Performance
NYSE DAN traded down $1.42 on Friday, hitting $33.15. 715,014 shares of the stock were exchanged, compared to its average volume of 973,367. The company has a market capitalization of $3.63 billion, a PE ratio of 58.17 and a beta of 1.97. The business’s fifty day moving average is $34.46 and its 200 day moving average is $29.03. Dana has a 52 week low of $15.31 and a 52 week high of $39.56. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.17 and a quick ratio of 0.86.
Dana Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 8th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, May 8th. Dana’s dividend payout ratio is 84.21%.
Wall Street Analyst Weigh In
Institutional Investors Weigh In On Dana
A number of large investors have recently bought and sold shares of the company. Captrust Financial Advisors bought a new position in Dana during the 2nd quarter worth approximately $176,000. Horizon Investments LLC bought a new stake in shares of Dana in the 3rd quarter worth $553,000. Entropy Technologies LP boosted its holdings in shares of Dana by 266.2% in the 3rd quarter. Entropy Technologies LP now owns 37,303 shares of the auto parts company’s stock worth $748,000 after buying an additional 27,116 shares during the last quarter. State of Tennessee Department of Treasury boosted its holdings in shares of Dana by 10.7% in the 2nd quarter. State of Tennessee Department of Treasury now owns 55,842 shares of the auto parts company’s stock worth $958,000 after buying an additional 5,405 shares during the last quarter. Finally, Tudor Investment Corp ET AL lifted its holdings in Dana by 28.4% during the fourth quarter. Tudor Investment Corp ET AL now owns 273,631 shares of the auto parts company’s stock valued at $6,501,000 after purchasing an additional 60,487 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.
Dana Company Profile
Dana Incorporated is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The company’s product portfolio includes axles, driveshafts, transmissions, e-Propulsion systems and thermal-management assemblies that help improve fuel efficiency, reduce emissions and enhance vehicle performance. Dana’s expertise spans internal combustion and electrified powertrains, positioning it to support both traditional and next-generation mobility solutions.
Founded in 1904 by Clarence W.
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