Modine Manufacturing (MOD) Scheduled to Post Earnings on Tuesday

Modine Manufacturing (NYSE:MOD) is set to announce its earnings results after the market closes on Tuesday, January 30th. Analysts expect the company to announce earnings of $0.28 per share for the quarter. Modine Manufacturing has set its FY18 guidance at $1.30-1.45 EPS.

Modine Manufacturing (NYSE:MOD) last posted its earnings results on Tuesday, October 31st. The auto parts company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.14. Modine Manufacturing had a net margin of 2.29% and a return on equity of 14.94%. The business had revenue of $508.30 million for the quarter, compared to analyst estimates of $466.33 million. During the same period last year, the business posted ($0.01) EPS. Modine Manufacturing’s revenue was up 60.0% compared to the same quarter last year. On average, analysts expect Modine Manufacturing to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Modine Manufacturing (NYSE:MOD) opened at $22.55 on Tuesday. Modine Manufacturing has a 12 month low of $10.10 and a 12 month high of $23.95. The company has a quick ratio of 0.87, a current ratio of 1.25 and a debt-to-equity ratio of 0.82. The stock has a market cap of $1,162.91, a price-to-earnings ratio of 26.53 and a beta of 1.23.

A number of research analysts recently issued reports on MOD shares. Zacks Investment Research upgraded shares of Modine Manufacturing from a “hold” rating to a “strong-buy” rating and set a $24.00 target price on the stock in a research note on Wednesday, October 11th. ValuEngine lowered shares of Modine Manufacturing from a “strong-buy” rating to a “buy” rating in a research note on Monday, December 4th. One research analyst has rated the stock with a sell rating and three have given a buy rating to the company. Modine Manufacturing has a consensus rating of “Buy” and an average price target of $24.00.

In other Modine Manufacturing news, VP Scott D. Wollenberg sold 6,414 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $23.55, for a total value of $151,049.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Thomas F. Marry sold 5,492 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $20.98, for a total transaction of $115,222.16. The disclosure for this sale can be found here. Insiders sold a total of 45,241 shares of company stock worth $982,316 over the last quarter. 4.42% of the stock is currently owned by company insiders.

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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.

Earnings History for Modine Manufacturing (NYSE:MOD)

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