Trading Report: The Dana Holding Corp. (DAN) to Release Quarterly Earnings on Thursday

The Dana Holding Corp. (DAN) to Release Quarterly Earnings on Thursday

Dana Holding Corp. (NYSE:DAN) is scheduled to announce its Q316 earnings results on Thursday, October 20th. Analysts expect the company to announce earnings of $0.43 per share and revenue of $1.42 billion for the quarter.

Dana Holding Corp. (NYSE:DAN) last issued its earnings results on Thursday, July 21st. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.07. Dana Holding Corp. had a return on equity of 26.75% and a net margin of 2.31%. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. On average, analysts expect Dana Holding Corp. to post $1.7 EPS for the current fiscal year and $1.92 EPS for the next fiscal year.

Dana Holding Corp. (NYSE:DAN) opened at 14.46 on Tuesday. The stock has a market cap of $2.08 billion, a P/E ratio of 16.23 and a beta of 1.88. Dana Holding Corp. has a 52 week low of $9.80 and a 52 week high of $17.59. The firm has a 50-day moving average price of $14.95 and a 200-day moving average price of $13.15.

A number of research analysts have recently weighed in on DAN shares. Zacks Investment Research raised Dana Holding Corp. from a “sell” rating to a “hold” rating in a research note on Monday, June 27th. Royal Bank Of Canada increased their price target on Dana Holding Corp. from $11.00 to $14.00 and gave the company a “sector perform” rating in a research note on Friday, July 22nd. FBR & Co reissued a “buy” rating and issued a $17.00 price target on shares of Dana Holding Corp. in a research note on Friday, July 22nd. RBC Capital Markets reissued a “sector perform” rating and issued a $14.00 price target (up previously from $11.00) on shares of Dana Holding Corp. in a research note on Sunday, July 24th. Finally, Barclays PLC raised Dana Holding Corp. from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $12.00 to $20.00 in a research note on Friday, September 16th. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $16.63.

In other Dana Holding Corp. news, Director Mark A. Schulz sold 5,444 shares of the stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $14.43, for a total transaction of $78,556.92. Following the completion of the transaction, the director now owns 30,201 shares in the company, valued at approximately $435,800.43. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark A. Schulz sold 10,201 shares of the stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $14.60, for a total value of $148,934.60. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at approximately $292,000. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new position in Dana Holding Corp. during the second quarter worth about $177,000. Capstone Investment Advisors LLC purchased a new position in Dana Holding Corp. during the second quarter worth about $199,000. Laurion Capital Management LP purchased a new position in Dana Holding Corp. during the second quarter worth about $220,000. Highbridge Capital Management LLC purchased a new position in Dana Holding Corp. during the second quarter worth about $294,000. Finally, Lombard Odier Asset Management USA Corp purchased a new position in Dana Holding Corp. during the second quarter worth about $317,000. Hedge funds and other institutional investors own 99.26% of the company’s stock.

About Dana Holding Corp.

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