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

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

NYSE MOD traded down $4.83 on Friday, reaching $7.02. The company’s stock had a trading volume of 2,414,861 shares, compared to its average volume of 239,574. Modine Manufacturing has a twelve month low of $6.82 and a twelve month high of $16.67. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.78 and a current ratio of 1.17. The stock has a market cap of $599.32 million, a PE ratio of 4.47, a PEG ratio of 0.87 and a beta of 1.99. The firm’s 50 day moving average is $10.89 and its two-hundred day moving average is $12.41.

In other Modine Manufacturing news, insider Hanna Julian 500,000 shares of the company’s stock in a transaction on Friday, October 11th. 5.01% of the stock is currently owned by corporate insiders.

A number of equities research analysts have weighed in on the stock. TheStreet downgraded shares of Modine Manufacturing from a “b-” rating to a “c” rating in a report on Friday, September 20th. DA Davidson reissued a “neutral” rating on shares of Modine Manufacturing in a report on Wednesday, September 11th. Zacks Investment Research downgraded shares of Modine Manufacturing from a “hold” rating to a “sell” rating in a report on Friday, October 18th. ValuEngine raised shares of Modine Manufacturing from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, Dougherty & Co downgraded shares of Modine Manufacturing from a “buy” rating to a “neutral” rating in a report on Friday. Two analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. Modine Manufacturing currently has a consensus rating of “Hold” and an average price target 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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