Modine Manufacturing (NYSE:MOD) Announces Earnings Results, Misses Expectations By $0.12 EPS

Modine Manufacturing (NYSE:MOD) released its earnings results on Thursday. The auto parts company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.12), reports. The firm had revenue of $500.20 million during the quarter, compared to the consensus estimate of $514.27 million. Modine Manufacturing had a return on equity of 14.19% and a net margin of 3.25%. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 EPS. Modine Manufacturing updated its FY20 guidance to $0.75-0.90 EPS.

MOD stock traded down $4.83 during midday trading on Friday, hitting $7.02. The company had a trading volume of 2,414,861 shares, compared to its average volume of 239,574. The company has a current ratio of 1.17, a quick ratio of 0.78 and a debt-to-equity ratio of 0.55. Modine Manufacturing has a 52 week low of $6.82 and a 52 week high of $16.67. The stock’s 50 day moving average price is $10.89 and its 200 day moving average price is $12.41. The stock has a market cap of $599.32 million, a price-to-earnings ratio of 4.47, a PEG ratio of 0.87 and a beta of 1.99.

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.

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A number of analysts recently weighed in on the company. TheStreet downgraded Modine Manufacturing from a “b-” rating to a “c” rating in a research report on Friday, September 20th. ValuEngine upgraded Modine Manufacturing from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Dougherty & Co downgraded Modine Manufacturing from a “buy” rating to a “neutral” rating in a research report on Friday. Zacks Investment Research downgraded Modine Manufacturing from a “hold” rating to a “sell” rating in a research report on Friday, October 18th. Finally, DA Davidson reiterated a “neutral” rating on shares of Modine Manufacturing in a research report on Wednesday, September 11th. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The company presently has an average rating of “Hold” and a consensus 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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Earnings History for Modine Manufacturing (NYSE:MOD)

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