DAN - DANA INC （）

Dana Incorporated (NYSE:NYSE:DAN) Q1 2023 Earnings Conference Call April 28, 2023 9:00 AM ETCompany ParticipantsCraig Barber - Senior Director, Investor Relations & Strategic…

The auto supplier sector rallied on Friday after a strong earnings report from Dana (DAN) boosted sentiment. Read more.

Dana Inc (NYSE: DAN ) reported first-quarter FY23 sales growth of 7% year-on-year to $2.64 billion, beating the consensus of $2.56 billion. The revenue increase was driven by improved demand, cost-recovery actions, and conversion of the sales backlog, partially offset by the translation of foreign currencies. Light vehicle revenue fell 2.3% Y/Y, … Full story available on Benzinga.com

The following slide deck was published by Dana Incorporated in conjunction with their 2023 Q1 earnings call.

Companies Reporting Before The Bell • GrafTech International (NYSE: EAF ) is likely to report quarterly loss at $0.01 per share on revenue of $123.00 million. • RealReal (NASDAQ: REAL ) is estimated to report quarterly loss at $0.05 per share on revenue of $12.52 million. • Dana (NYSE: DAN ) is estimated to report quarterly earnings at $0.08 per share on revenue of $2.56 billion. • Cameco (NYSE: CCJ ) is projected to report quarterly earnings at $0.25 per share on revenue of $699.81 million. • Chart Industries (NYSE: GTLS ) is expected to report quarterly earnings at $0.51 per share on revenue of $476.84 million. • Sony Group (NYSE: SONY ) is estimated to report quarterly earnings at $0.45 per share on revenue of $17.55 billion. • Carter''s (NYSE: CRI ) is expected to report quarterly earnings at $0.59 per share on revenue of $648.58 million. • Portland Gen Electric (NYSE: POR ) is expected to report quarterly earnings at $0.66 per share on revenue of $501.42 million. • TC Energy (NYSE: TRP ) is likely to report quarterly earnings at $0.76 per share on revenue of $2.66 billion. • Bloomin Brands (NASDAQ: BLMN ) is likely to report quarterly earnings at $0.81 per share on revenue of $1.22 billion. • ArcBest (NASDAQ: ARCB ) is projected to report quarterly earnings at $1.80 per share on revenue of $1.18 billion. • Imperial Oil (AMEX: IMO ) is likely to report quarterly earnings at $1.48 per share on revenue of $9.96 billion. • Exxon Mobil (NYSE: XOM ) is likely to report quarterly earnings at $2.59 per share on revenue of $85.41 billion. • Saia (NASDAQ: SAIA ) is projected to report quarterly earnings at $2.69 per share on revenue of …

The Federal Competition and Consumer Protection Commission (FCCPC) has commenced investigations into the fare hike by Airline Operators of Nigeria (AON), saying Civil Aviation Act and Consumer Protection Act prohibit such ‘price-fixing’. The commission said it’s investigations showed the airlines colluded to increase air fares against Section 107 (1)(a) and Section 108 of the Federal Competition and Consumer Protection Act, 2018 ( FCCPA). The AON last week came out debunking what they described as rumours that they colluded to fix N50, 000 base fares for a one-way ticket for domestic travel in the country. However, Babatunde Irukera, executive vice chairman/chief executive FCCPC, in a press statement in Abuja said the airlines were culpable as they did so in a coordinated manner stressing that the FCCPA prohibits conduct or any coordination between competitors including on the platform of trade associations. Irukera, in the statement entitled, ‘Coordinated increase in airfares by certain scheduled operators’ stated: “Specifically, Section 107 (1)(a) forbids competitors from fixing prices, and Section 108 prohibits any conspiracy, combination, agreement or arrangement between competitors in any manner that unduly restrains or injures competition”.

Dana Incorporated found using ticker (DAN) have now 9 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The target price ranges between 30 and 24 calculating the average target price we see 26.22. Now with the previous closing price of 19.67 this would imply there is a potential upside of 33.3%. The day 50 moving average is 22.4 and the 200 moving average now moves to 23.43. The company has a market cap of $2,686m. Find out more information at: https://www.dana.com [stock_market_widget type="chart" template="basic" color="green" assets=DAN" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $3,580m based on the market concensus. Dana Incorporated provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. It operates in four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.

Dana (DAN) is down 8% after the company missed bottom-line consensus in its fourth quarter earnings report. Revenue of $2.27B (+7.6% Y/Y) beats consensus by $90M

The "Automotive Multi-Wheel Drive Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com''s offering. The global automotive multi-wheel drive market reached a volume of 15.2 Million Units in 2021. Looking forward, the publisher expects the market to reach 20.4 Million Units by 2027, exhibiting a CAGR of 4.8% during 2022-2027. Companies Mentioned Borg Warner Inc Continental AG ZF Friedrichshafen AG JTEKT Corporation Magna International Inc. American Axle & Manufacturing Inc. Eaton Corporation Inc. GKN Plc Dana Incorporated Oerlikon Group Mitsubishi Motors Corporation Keeping in mind the uncertainties of COVID-19, they are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor An automotive multi-wheel drive, also known as an all-wheel drive or (AWD), is a type of automobile in which all the wheels receive equal torque from the engine.

Pfizer, GE, Shopify, and Dana are among our panelists favorite investments for the year.

MAUMEE, Ohio, Jan. 7, 2022 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced that it has entered into an agreement with Icahn Capital, whereby Brett Icahn and Gary Hu, both of whom are portfolio…