Modine Manufacturing (NYSE:MOD) released its earnings results on Thursday. The auto parts company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 business had revenue of $500.20 million for the quarter, compared to analysts’ expectations of $514.27 million. During the same period in the previous year, the company earned $0.35 EPS. Modine Manufacturing’s quarterly revenue was down 8.9% compared to the same quarter last year. Modine Manufacturing updated its FY20 guidance to $0.75-0.90 EPS.
Shares of MOD stock traded down $4.83 on Friday, hitting $7.02. 2,414,861 shares of the stock traded hands, compared to its average volume of 239,574. The firm’s 50-day moving average price is $10.89 and its two-hundred day moving average price is $12.41. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.78 and a current ratio of 1.17. The stock has a market capitalization of $599.32 million, a PE ratio of 4.47, a PEG ratio of 0.87 and a beta of 1.99. Modine Manufacturing has a twelve month low of $6.82 and a twelve month high of $16.67.
In other Modine Manufacturing news, insider Hanna Julian 500,000 shares of the stock in a transaction dated Friday, October 11th. Insiders own 5.01% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Modine Manufacturing from a “hold” rating to a “sell” rating in a report on Friday, October 18th. ValuEngine raised shares of Modine Manufacturing from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. DA Davidson reaffirmed a “neutral” rating on shares of Modine Manufacturing in a report on Wednesday, September 11th. TheStreet lowered shares of Modine Manufacturing from a “b-” rating to a “c” rating in a report on Friday, September 20th. Finally, Dougherty & Co lowered shares of Modine Manufacturing from a “buy” rating to a “neutral” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $13.83.
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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