Dana (NYSE:DAN – Get Free Report) issued its earnings results on Wednesday. The auto parts company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.24 by $0.07, Briefing.com reports. Dana had a return on equity of 5.42% and a net margin of 0.12%. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the previous year, the company posted $0.37 EPS. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. Dana updated its FY24 guidance to $0.80-1.30 EPS and its FY 2024 guidance to 0.800-1.300 EPS.
Dana Price Performance
Shares of DAN stock traded down $0.59 during trading on Thursday, hitting $12.12. The company had a trading volume of 1,355,011 shares, compared to its average volume of 1,230,486. The stock’s 50-day moving average price is $12.60 and its 200 day moving average price is $12.78. Dana has a one year low of $11.10 and a one year high of $18.93. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.97 and a current ratio of 1.60. The firm has a market capitalization of $1.76 billion, a P/E ratio of 135.57 and a beta of 2.33.
Dana Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 9th will be given a $0.10 dividend. The ex-dividend date is Friday, August 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.30%. Dana’s payout ratio is 444.49%.
Analyst Upgrades and Downgrades
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.
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