News articles about Modine Manufacturing (NYSE:MOD) have trended somewhat positive recently, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Modine Manufacturing earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave press coverage about the auto parts company an impact score of 44.1653018360405 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
Separately, Zacks Investment Research cut shares of Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a report on Wednesday.
Modine Manufacturing stock traded down $0.35 during midday trading on Friday, hitting $20.85. 443,057 shares of the company’s stock were exchanged, compared to its average volume of 338,075. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.24 and a quick ratio of 0.85. Modine Manufacturing has a 12 month low of $10.10 and a 12 month high of $25.75. The stock has a market cap of $1,052.11, a price-to-earnings ratio of 26.73 and a beta of 1.33.
Modine Manufacturing (NYSE:MOD) last issued its earnings results on Tuesday, January 30th. The auto parts company reported $0.35 earnings per share (EPS) for the quarter, topping 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 16.54%. The company had revenue of $512.70 million for the quarter, compared to analysts’ expectations of $456.30 million. During the same period in the prior year, the business earned $0.21 EPS. The firm’s quarterly revenue was up 46.6% on a year-over-year basis. equities analysts expect that Modine Manufacturing will post 1.5 earnings per share for the current year.
In other news, Director Marsha C. Williams sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, March 28th. The shares were sold at an average price of $20.91, for a total value of $313,650.00. Following the sale, the director now directly owns 84,541 shares in the company, valued at approximately $1,767,752.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Scott L. Bowser sold 3,500 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $24.36, for a total transaction of $85,260.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,914 shares of company stock worth $686,901. 4.42% of the stock is owned by company insiders.
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About Modine Manufacturing
Modine Manufacturing Company develops, manufactures, and markets engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer vehicular applications. The company operates through Americas, Europe, Asia, and Building HVAC segments. It offers powertrain cooling products, such as engine cooling modules, radiators, charge air coolers, condensers, oil coolers, fan shrouds, and surge tanks; on-engine cooling products consisting of exhaust gas recirculation coolers, engine oil coolers, fuel coolers, charge air coolers, and intake air coolers; and auxiliary coolers, such as transmission and retarder oil coolers, and power steering coolers, as well as component assemblies, radiators, and battery cooling products.
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