Headlines about Modine Manufacturing (NYSE:MOD) have been trending somewhat positive on Friday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Modine Manufacturing earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news articles about the auto parts company an impact score of 45.1064451752584 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s rankings:
Modine Manufacturing (NYSE MOD) traded up $0.05 during mid-day trading on Friday, hitting $24.35. 693,907 shares of the stock traded hands, compared to its average volume of 429,196. The company has a market capitalization of $1,178.27 and a P/E ratio of 101.46. Modine Manufacturing has a 12-month low of $10.10 and a 12-month high of $24.90. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.25 and a quick ratio of 0.87.
Modine Manufacturing (NYSE:MOD) last released its quarterly earnings results on Tuesday, January 30th. The auto parts company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.06. Modine Manufacturing had a net margin of 0.62% and a return on equity of 16.68%. The firm had revenue of $512.70 million during the quarter, compared to the consensus estimate of $456.30 million. During the same quarter last year, the firm earned $0.21 earnings per share. The company’s revenue for the quarter was up 46.6% on a year-over-year basis. sell-side analysts expect that Modine Manufacturing will post 1.49 earnings per share for the current year.
A number of brokerages have weighed in on MOD. Zacks Investment Research lowered shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Friday. ValuEngine downgraded shares of Modine Manufacturing from a “strong-buy” rating to a “buy” rating in a research note on Monday, December 4th.
In other Modine Manufacturing news, VP Matthew J. Mcburney sold 3,522 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $22.97, for a total value of $80,900.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Holger Schwab sold 11,141 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $20.10, for a total transaction of $223,934.10. Following the completion of the sale, the vice president now owns 47,225 shares of the company’s stock, valued at $949,222.50. The disclosure for this sale can be found here. Insiders have sold 38,827 shares of company stock valued at $831,266 in the last three months. 4.42% of the stock is owned by 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.
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