Modine Manufacturing (NYSE:MOD) will be releasing its earnings data after the market closes on Wednesday, May 22nd. Analysts expect Modine Manufacturing to post earnings of $0.38 per share for the quarter.
Shares of Modine Manufacturing stock opened at $13.47 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 1.30 and a debt-to-equity ratio of 0.66. The company has a market cap of $664.75 million, a P/E ratio of 8.75 and a beta of 1.97. Modine Manufacturing has a 52 week low of $9.75 and a 52 week high of $20.30.
A number of brokerages recently commented on MOD. ValuEngine upgraded Modine Manufacturing from a “strong sell” rating to a “sell” rating in a report on Saturday, February 2nd. Zacks Investment Research upgraded Modine Manufacturing from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Tuesday, February 5th.
In other news, VP Dennis P. Appel acquired 3,180 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was acquired at an average price of $13.99 per share, for a total transaction of $44,488.20. Following the completion of the acquisition, the vice president now owns 33,543 shares in the company, valued at $469,266.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Matthew J. Mcburney sold 4,988 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $14.74, for a total value of $73,523.12. The disclosure for this sale can be found here. 4.48% of the stock is currently owned by corporate insiders.
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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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