Modine Manufacturing (NYSE:MOD) is scheduled to release its earnings data after the market closes on Thursday, January 31st. Analysts expect Modine Manufacturing to post earnings of $0.34 per share for the quarter. Modine Manufacturing has set its FY19 guidance at $1.50-1.65 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.
Modine Manufacturing (NYSE:MOD) last issued its quarterly earnings data on Tuesday, October 30th. The auto parts company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.11. Modine Manufacturing had a return on equity of 16.57% and a net margin of 2.27%. The company had revenue of $548.90 million during the quarter, compared to analyst estimates of $516.95 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. Modine Manufacturing’s revenue was up 8.0% compared to the same quarter last year. On average, analysts expect Modine Manufacturing to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of MOD opened at $12.57 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.25 and a quick ratio of 0.85. Modine Manufacturing has a one year low of $9.75 and a one year high of $25.75. The firm has a market capitalization of $675.75 million, a P/E ratio of 8.16 and a beta of 1.71.
Modine Manufacturing announced that its Board of Directors has approved a stock buyback program on Tuesday, October 30th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the auto parts company to reacquire up to 8.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.
Separately, Zacks Investment Research lowered Modine Manufacturing from a “hold” rating to a “sell” rating in a report on Thursday, October 18th.
Modine Manufacturing Company Profile
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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