Modine Manufacturing (NYSE:MOD) Posts Earnings Results, Misses Estimates By $0.12 EPS

Modine Manufacturing (NYSE:MOD) posted its quarterly earnings results on Thursday. The auto parts company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.12), reports. The company 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 company’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.35 earnings per share. Modine Manufacturing updated its FY20 guidance to $0.75-0.90 EPS.

Shares of MOD stock traded down $4.83 during mid-day trading on Friday, hitting $7.02. 2,414,861 shares of the stock traded hands, compared to its average volume of 239,574. The stock has a market cap of $599.32 million, a P/E ratio of 4.47, a P/E/G ratio of 0.87 and a beta of 1.99. The stock’s fifty day moving average is $10.89 and its two-hundred day moving average is $12.41. Modine Manufacturing has a 52-week low of $6.82 and a 52-week high of $16.67. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.17 and a quick ratio of 0.78.

In related news, insider Hanna Julian 500,000 shares of the stock in a transaction dated Friday, October 11th. Corporate insiders own 5.01% of the company’s stock.

A number of research firms have recently commented on MOD. DA Davidson restated a “neutral” rating on shares of Modine Manufacturing in a report on Wednesday, September 11th. ValuEngine upgraded shares of Modine Manufacturing from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Dougherty & Co cut shares of Modine Manufacturing from a “buy” rating to a “neutral” rating in a report on Friday. Zacks Investment Research cut shares of Modine Manufacturing from a “hold” rating to a “sell” rating in a report on Friday, October 18th. Finally, TheStreet cut shares of Modine Manufacturing from a “b-” rating to a “c” rating in a report on Friday, September 20th. Two investment analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Modine Manufacturing has an average rating of “Hold” and a consensus target price of $13.83.

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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Earnings History for Modine Manufacturing (NYSE:MOD)

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