Dana Holding Corporation (DAN) Releases Earnings Results, Misses Expectations By $-0.09 EPS

Dana Holding Corporation (DAN) reported quarterly earnings results on Thursday, Apr-21-2016. The company reported $0.34 earnings per share for the quarter, missing the analyst consensus estimate by $-0.09. Analysts had a consensus of $0.43. The company posted revenue of $1449.00 million in the period, compared to analysts expectations of $1506.65 million. The company’s revenue was down -9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.

Many Wall Street Analysts have commented on Dana Holding Corporation. Shares were Reiterated by Barclays on Feb 23, 2016 to “Equal Weight” and Lowered the Price Target to $ 12 from a previous price target of $13 .Shares were Reiterated by FBR Capital on Feb 19, 2016 to “Outperform” and Lowered the Price Target to $ 17 from a previous price target of $21 .Shares were Reiterated by Deutsche Bank on Feb 19, 2016 to “Hold” and Lowered the Price Target to $ 15 from a previous price target of $16 .

Dana Holding Corporation opened for trading at $13.61 and hit $13.97 on the upside on Monday, eventually ending the session at $13.9, with a gain of 1.83% or 0.25 points. The heightened volatility saw the trading volume jump to 10,25,798 shares. Company has a market cap of $2,076 M.

In a different news, on May 13, 2015, Rodney R Filcek (SVP & Chief Acctg Offic) sold 4,000 shares at $22.06 per share price. According to the SEC, on Apr 28, 2015, Aziz Aghili (Pres Off-Hwy Technologies) purchased 5,500 shares at $21.74 per share price. On Feb 4, 2015, Mark A Schulz (director) sold 5,000 shares at $22.34 per share price, according to the Form-4 filing with the securities and exchange commission.

Dana Holding Corporation is a global provider of high technology driveline sealing and thermal-management products. The Company offers its products to vehicle manufacturers in the global light vehicle medium/heavy vehicle and off-highway markets. It operates in four business segments: Light Vehicle Driveline Technologies (Light Vehicle) Commercial Vehicle Driveline Technologies (Commercial Vehicle) Off-Highway Driveline Technologies (Off-Highway) and Power Technologies. The Light Vehicle segment products include front axles rear axles drive shafts and differentials among others. The Commercial Vehicle segment products include steer axles drive axles drive shafts and tire inflation systems. The Off-Highway segment products include products include front axles rear axles drive shafts and transmissions among others. The Power Technologies segment products include gaskets cover modules heat shields engine sealing systems cooling and heat transfer products.

Dana Holding Corporation

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