|Bid||11.62 x 1200|
|Ask||12.00 x 1000|
|Day's Range||11.73 - 12.29|
|52 Week Range||4.22 - 20.04|
|Beta (5Y Monthly)||2.62|
|PE Ratio (TTM)||10.32|
|Earnings Date||Jul 29, 2020 - Aug 03, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Feb 27, 2020|
|1y Target Est||15.13|
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Dana Incorporated and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.
Dana Incorporated (NYSE: DAN) was named a GM Supplier of the Year by General Motors for both its driveline technologies and powertrain cooling solutions during a virtual ceremony honoring the recipients of the company's 28th annual Supplier of the Year awards on Wednesday, June 24, 2020. This is the third consecutive year Dana has received the award.
Dana Incorporated (NYSE: DAN) ("Dana" or the "Company") today announced that it has priced its previously announced offering of an additional $100 million aggregate principal amount of its existing 5.375% Senior Notes due 2027 at an issue price of 100.000%.
A full 100 days since the official start of the coronavirus pandemic and the U.S. death toll is approaching 118,000, with new cases still climbing in 20 states, even as governors push to reopen more businesses.
Moody's Investors Service (" Moody's "), said that the announcement by Dana Incorporated (Dana) to upsize its unsecured notes is a positive credit development but does not currently impact Dana's Ba3 Corporate Family Rating, or negative outlook. Dana Incorporated, headquartered in Maumee, Ohio, is a global manufacturer of driveline, sealing and thermal management products serving OEM customers in the light vehicle, commercial vehicle and off-highway markets. This publication does not announce a credit rating action.
Car technology maker Dana Inc. said Thursday it has launched a registered offering of an additional $100 million of its existing 5.375% senior notes due 2027. Proceeds of the deal will be used for general corporate purposes. There are 12 banks underwriting the deal, led by Citigroup. On Tuesday, Dana launched a $400 million offering of bonds that mature in 2028. Shares were not active premarket, but have fallen 34% in the year to date, while the S&P 500 has fallen 4%.
Dana Incorporated (NYSE: DAN) ("Dana" or the "Company") today announced that it is commencing, subject to market conditions, a registered offering of an additional $100 million aggregate principal amount of its existing 5.375% Senior Notes due 2027. The Company intends to use the net proceeds from the offering for general corporate purposes.
Dana Incorporated (NYSE: DAN) ("Dana" or the "Company") today announced that it has priced its previously announced offering of $400 million aggregate principal amount of its 5.625% Senior Notes due 2028.
The number of confirmed cases of the coronavirus illness COVID-19 globally climbed above 8 million on Tuesday, and the number of infections continued to rise in many parts of the U.S. even as officials continued their push to reopen and end lockdowns.
Moody's Investors Service ("Moody's") assigned a B2 rating to Dana Incorporated's (Dana) new $400 million senior unsecured notes. The net proceeds from the notes will be used for general corporate purposes, including the partial paydown of borrowings under the senior secured revolving credit facility. All other ratings of Dana's debt are unaffected, including the corporate family rating at Ba3 which was confirmed on June 12, 2020.
Car technology company Dana Inc. launched an offering of $400 million in senior notes that mature in 2028. Proceeds will be used to repay debt under the company's revolving credit facility and for general corporate purposes. The company is planning to terminate an undrawn $500 million bridge loan that it entered into in April. Shares rose 5.6% premarket, but are down 32% in the year to date, while the S&P 500 has fallen 5%.
Dana Incorporated (NYSE: DAN) ("Dana" or the "Company") today announced that it is commencing, subject to market conditions, a registered offering of $400 million aggregate principal amount of senior unsecured notes due 2028. The Company intends to use the net proceeds from the offering to partially repay its borrowings under its revolving credit facility and for general corporate purposes. In connection with the closing of the offering, the Company intends to terminate its undrawn $500 million bridge facility that it entered into in April 2020.
Moody's Investors Service ("Moody's") confirmed the ratings of Dana Incorporated (Dana) - Corporate Family and Probability of Default Ratings at Ba3 and Ba3-PD, respectively; and the senior secured debt rating at Baa3; and the senior unsecured debt at B2. The outlook is negative.
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Dana Incorporated (NYSE: DAN) announced today it will present at the Deutsche Bank Global Automotive Industry Conference on June 10, 2020. Beginning at 1:05 p.m. EDT, Dana's Chairman and Chief Executive Officer James Kamsickas and Dana's Executive Vice President and Chief Financial Officer Jonathan Collins will provide a brief overview of the company and answer questions for approximately 35 minutes.
Those holding Dana (NYSE:DAN) shares must be pleased that the share price has rebounded 40% in the last thirty days...
Dana Inc <DAN.N>, a key supplier of truck parts to Detroit automakers, restarted its Toledo plant Monday on a single shift, with one-third of its 750-person workforce and less than 1% absenteeism, according to plant manager Craig Zimmerly. The Detroit Three automakers and their suppliers began restarting assembly lines on Monday after a two-month coronavirus lockdown in a slow revival of a sector that employs nearly 1 million people in the United States. Trucks and SUVs are among the auto industry's most profitable vehicles.
Dana Incorporated (NYSE: DAN) announced today it will present at the Bank of America Global Auto Summit on May 15, 2020. Beginning at 3:50 p.m. EDT, Dana's chairman and chief executive officer, James Kamsickas, and executive vice president and chief financial officer, Jonathan Collins, will be participating in a fireside chat.
At this time, I would like to begin the presentation by turning the call over to Dana's Senior Director of Investor Relations and Strategic Planning, Craig Barber. Today's call is being recorded and the supporting materials are the property of Dana Incorporated. Allow me remind you that today's presentation includes forward-looking statements about our expectations for Dana's future performance.
Shares of Dana Incorporated (NYSE: DAN), a global leader in providing power and energy management solutions for vehicles and machinery, are up 11% Thursday afternoon after the company released better-than-expected first-quarter results. Not only was Dana's business negatively impacted by the COVID-19 pandemic, its first quarter also recorded weaker demand in the heavy-vehicle markets during January and February. Jonathan Collins, executive vice president and chief financial officer at Dana Incorporated, made it a point to address that question: "The strength of our balance sheet and capital structure has given us the flexibility to manage through this period of significantly lower production volumes."
Shares of Dana (NYSE:DAN) rose 1% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share decreased 39.74% over the past year to $0.47, which beat the estimate of $0.35.Revenue of $1,926,000,000 lower by 10.96% year over year, which missed the estimate of $1,930,000,000.Looking Ahead Earnings guidance hasn't been issued by the company for now.Dana hasn't issued any revenue guidance for the time being.How To Listen To The Conference Call Date: Apr 30, 2020View more earnings on DANTime: 09:04 AM ETPrice Action 52-week high: $20.71Company's 52-week low was at $4.22Price action over last quarter: down 40.55%Company Overview Dana Inc is a supplier of driveline (axles, driveshafts, and transmissions), sealing, and thermal-management technologies for vehicles with both conventional and alternative-energy powertrains. The company produces for original-equipment manufacturers and the aftermarket for Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Drive and Motion Technologies (Off-Highway) and Power Technologies. Dana operates in generates the majority of its revenue from its light vehicle segment, selling primarily to Ford, Hyundai, Tata, Nissan, GM, and Toyota. The company's largest end market is North America.See more from Benzinga * Recap: Meritor Q2 Earnings * Recap: Imax Q1 Earnings * Recap: Altisource Portfolio Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Dana (NYSE:DAN) shareholders are no doubt pleased to see that the share price has bounced 34% in the last month alone...