Modine Manufacturing Company (MOD) to Release Quarterly Earnings on Tuesday
Modine Manufacturing Company (NYSE:MOD) will be issuing its quarterly earnings data after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.19 per share for the quarter. Modine Manufacturing has set its FY18 guidance at $1.20-1.35 EPS.
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 Zacks’ consensus estimate of $0.30 by $0.09. The business had revenue of $515.50 million during the quarter, compared to analyst estimates of $482.70 million. Modine Manufacturing had a return on equity of 11.16% and a net margin of 1.35%. Modine Manufacturing’s revenue was up 48.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 EPS. On average, analysts expect Modine Manufacturing to post $1.4 EPS for the current fiscal year and $1.59 EPS for the next fiscal year.
Shares of Modine Manufacturing Company (MOD) opened at 20.90 on Tuesday. Modine Manufacturing Company has a 12 month low of $9.25 and a 12 month high of $21.50. The firm’s 50-day moving average price is $18.99 and its 200-day moving average price is $15.93. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 45.43 and a beta of 1.22.
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In other news, insider Thomas Andrew Burke sold 84,980 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $16.19, for a total value of $1,375,826.20. Following the sale, the insider now directly owns 454,673 shares in the company, valued at $7,361,155.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.42% of the stock is currently owned by company insiders.
MOD has been the subject of several research analyst reports. BidaskClub lowered Modine Manufacturing from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Zacks Investment Research upgraded Modine Manufacturing from a “hold” rating to a “strong-buy” rating and set a $24.00 price target for the company in a research report on Wednesday, October 11th. TheStreet upgraded Modine Manufacturing from a “c” rating to a “b-” rating in a research report on Tuesday, August 1st. Finally, ValuEngine upgraded Modine Manufacturing from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $24.00.
Modine Manufacturing Company Profile
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.
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