Modine Manufacturing (NYSE:MOD) posted its earnings results on Thursday. The auto parts company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.12), Briefing.com reports. Modine Manufacturing had a return on equity of 14.19% and a net margin of 3.25%. The firm had revenue of $500.20 million for the quarter, compared to analyst estimates of $514.27 million. During the same period in the previous year, the firm posted $0.35 earnings per share. The company’s revenue for the quarter was down 8.9% on a year-over-year basis. Modine Manufacturing updated its FY20 guidance to $0.75-0.90 EPS.
MOD traded down $4.83 during trading on Friday, hitting $7.02. The company had a trading volume of 2,414,861 shares, compared to its average volume of 239,574. The company has a market cap of $599.32 million, a PE ratio of 4.47, a P/E/G ratio of 0.87 and a beta of 1.99. The business has a 50-day moving average of $10.89 and a 200-day moving average of $12.41. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.17 and a quick ratio of 0.78. Modine Manufacturing has a 1-year low of $6.82 and a 1-year high of $16.67.
In other news, insider Hanna Julian 500,000 shares of Modine Manufacturing stock in a transaction on Friday, October 11th. Corporate insiders own 5.01% of the company’s stock.
MOD has been the topic of several recent analyst reports. TheStreet cut shares of Modine Manufacturing from a “b-” rating to a “c” rating in a report on Friday, September 20th. ValuEngine raised shares of Modine Manufacturing from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Dougherty & Co cut shares of Modine Manufacturing from a “buy” rating to a “neutral” rating in a report on Friday. Zacks Investment Research cut shares of Modine Manufacturing from a “hold” rating to a “sell” rating in a report on Friday, October 18th. Finally, DA Davidson reaffirmed a “neutral” rating on shares of Modine Manufacturing in a report on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $13.83.
About Modine Manufacturing
Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications primarily in the United States. The company operates through Americas, Europe, Asia, Commercial and Industrial Solutions, and Building HVAC segments.
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