Headlines about Modine Manufacturing (NYSE:MOD) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Modine Manufacturing earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave media headlines about the auto parts company an impact score of 45.1064451752584 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of Modine Manufacturing (NYSE MOD) opened at $22.40 on Thursday. 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 $1,079.84, a PE ratio of 26.35 and a beta of 1.23. Modine Manufacturing has a twelve month low of $10.10 and a twelve month high of $23.95.
Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings data on Tuesday, October 31st. The auto parts company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.14. The firm had revenue of $508.30 million during the quarter, compared to the consensus estimate of $466.33 million. Modine Manufacturing had a net margin of 2.29% and a return on equity of 14.94%. The business’s revenue for the quarter was up 60.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.01) EPS. equities research analysts expect that Modine Manufacturing will post 1.43 earnings per share for the current fiscal year.
A number of research firms have issued reports on MOD. Zacks Investment Research raised shares of Modine Manufacturing from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Wednesday, January 10th. ValuEngine downgraded shares of Modine Manufacturing from a “strong-buy” rating to a “buy” rating in a report on Monday, December 4th. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $24.00.
In other news, VP Holger Schwab sold 11,141 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $20.10, for a total value of $223,934.10. Following the completion of the transaction, the vice president now directly owns 47,225 shares in the company, valued at approximately $949,222.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Thomas F. Marry sold 5,492 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The shares were 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 valued at $982,316 in the last three months. Insiders own 4.42% of the company’s stock.
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About Modine Manufacturing
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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