Modine Manufacturing (MOD) Earns Media Sentiment Rating of 0.07

Media headlines about Modine Manufacturing (NYSE:MOD) have trended somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Modine Manufacturing earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave news coverage about the auto parts company an impact score of 45.1464738946121 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:

Modine Manufacturing (NYSE MOD) opened at 17.70 on Monday. Modine Manufacturing has a 12 month low of $9.25 and a 12 month high of $17.85. The stock’s 50 day moving average price is $16.34 and its 200-day moving average price is $14.33. The company has a market capitalization of $887.16 million, a P/E ratio of 38.48 and a beta of 1.20.

Modine Manufacturing (NYSE:MOD) last issued its earnings results on Tuesday, August 1st. The auto parts company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.09. The company had revenue of $515.50 million during the quarter, compared to analysts’ expectations of $482.70 million. Modine Manufacturing had a return on equity of 11.16% and a net margin of 1.35%. Modine Manufacturing’s quarterly revenue was up 48.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.23 EPS. On average, equities research analysts predict that Modine Manufacturing will post $1.41 EPS for the current fiscal year.

A number of brokerages have recently issued reports on MOD. Zacks Investment Research downgraded Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. ValuEngine downgraded Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. BidaskClub upgraded Modine Manufacturing from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, TheStreet upgraded Modine Manufacturing from a “c” rating to a “b-” rating in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $17.00.

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In related news, insider Thomas Andrew Burke sold 84,980 shares of the stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $16.19, for a total transaction of $1,375,826.20. Following the completion of the sale, the insider now directly owns 454,673 shares in the company, valued at approximately $7,361,155.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.42% of the company’s stock.

About Modine Manufacturing

Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on-highway and off-highway original equipment manufacturer (OEM) vehicular applications, and for sale into an array of building, industrial and refrigeration markets. The Company’s products include radiators and radiator cores, exhaust gas recirculation coolers, building heating, ventilating and air conditioning (HVAC) equipment, and coils.

Insider Buying and Selling by Quarter for Modine Manufacturing (NYSE:MOD)

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