Dana (DAN) Stock Gains as Q2 Earnings, Revenues Beat

Dana (DAN) stock is climbing this afternoon after reporting earnings and revenue that topped estimates.
By Rachel Graf ,

NEW YORK (TheStreet) -- Shares of Dana Hldg (DAN) - Get Report are surging 10.48% to $12.55 on heavy trading volume late Thursday afternoon after reporting better-than-expected earnings and revenues for the 2016 second quarter.

Before the market open, the company reported adjusted earnings of 53 cents per share, topping analysts' forecasts of 46 cents per share.

Revenues were $1.55 billion for the period, beating analysts' estimates of $1.52 billion.

For the full year, Dana expects to report adjusted earnings between $1.65 per share and $1.75 per share on revenues between $5.8 billion and $6 billion.

Analysts surveyed by Thomson Reuters are looking for adjusted earnings of $1.61 per share on $5.74 billion in revenues.

About 7.45 million shares of Dana have been traded so far today, well above its average trading volume of roughly 1.97 million shares per day.

The Maumee, OH-based company provides high technology driveline, sealing and thermal-management products.

Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C.

Dana's Strengths such as its attractive valuation levels, considering its current price compared to earnings, book value and other measures. At the same time, however, we also find weaknesses including weak operating cash flow, poor profit margins and a generally disappointing performance in the stock itself.

You can view the full analysis from the report here: DAN

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author. 

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