News coverage about Dana (NYSE:DAN) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Dana earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news stories about the auto parts company an impact score of 44.9322602279908 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Dana Incorporated : to Participate in Bank of America Merrill Lynch Leveraged Finance Conference (4-traders.com)
- Dana Incorporated to Participate in Bank of America Merrill Lynch Leveraged Finance Conference (finance.yahoo.com)
- Dana Incorporated (DAN) Expected to Post Quarterly Sales of $1.73 Billion (americanbankingnews.com)
- Dana Incorporated (DAN) PT Raised to $30.00 (americanbankingnews.com)
- Altercations, homeless people living on roof at Dana Point Library point to need for better security, officials say (ocregister.com)
Several research analysts have recently commented on the company. Deutsche Bank AG lifted their price target on Dana from $24.00 to $30.00 and gave the stock a “hold” rating in a report on Friday. B. Riley reiterated a “neutral” rating on shares of Dana in a report on Wednesday, November 1st. Royal Bank Of Canada reiterated a “buy” rating on shares of Dana in a report on Friday, October 27th. Buckingham Research lifted their price target on Dana from $25.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Finally, FBR & Co reiterated a “neutral” rating and set a $25.00 price target (up previously from $17.00) on shares of Dana in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Dana has a consensus rating of “Hold” and an average target price of $28.00.
Dana (NYSE:DAN) traded up $0.51 during midday trading on Monday, reaching $31.69. The company’s stock had a trading volume of 904,484 shares, compared to its average volume of 1,493,248. The firm has a market cap of $4,550.00, a P/E ratio of 12.52 and a beta of 1.64. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.17 and a current ratio of 1.72. Dana has a 52 week low of $16.62 and a 52 week high of $31.91.
Dana (NYSE:DAN) last released its earnings results on Thursday, October 26th. The auto parts company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.03. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.71 billion. Dana had a return on equity of 29.34% and a net margin of 10.27%. Dana’s revenue was up 32.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 EPS. sell-side analysts anticipate that Dana will post 2.43 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.76%. The ex-dividend date is Thursday, November 9th. Dana’s dividend payout ratio is currently 5.03%.
In other news, CEO James Kevin Kamsickas sold 57,003 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $31.01, for a total transaction of $1,767,663.03. Following the completion of the transaction, the chief executive officer now directly owns 96,312 shares of the company’s stock, valued at $2,986,635.12. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Terrence J. Keating sold 2,321 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $29.62, for a total value of $68,748.02. Following the transaction, the director now directly owns 52,140 shares of the company’s stock, valued at $1,544,386.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 116,762 shares of company stock valued at $3,541,413. 1.60% of the stock is currently owned by corporate insiders.
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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