Modine Manufacturing (NYSE:MOD – Get Rating) issued its quarterly earnings data on Wednesday. The auto parts company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.19, Briefing.com reports. The firm had revenue of $618.10 million for the quarter, compared to analysts’ expectations of $583.70 million. Modine Manufacturing had a net margin of 6.66% and a return on equity of 22.23%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.57 earnings per share.
Modine Manufacturing Stock Up 23.8 %
Shares of MOD stock opened at $24.42 on Friday. Modine Manufacturing has a 12-month low of $9.94 and a 12-month high of $26.90. The company has a quick ratio of 1.06, a current ratio of 1.73 and a debt-to-equity ratio of 0.72. The firm has a fifty day moving average of $21.29 and a 200-day moving average of $21.82. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 8.48, a P/E/G ratio of 0.33 and a beta of 2.25.
Insider Activity at Modine Manufacturing
In other Modine Manufacturing news, VP Brian Jon Agen sold 3,248 shares of the stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $22.37, for a total transaction of $72,657.76. Following the completion of the transaction, the vice president now owns 110,329 shares in the company, valued at approximately $2,468,059.73. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.06% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Modine Manufacturing
Analysts Set New Price Targets
MOD has been the subject of several analyst reports. StockNews.com initiated coverage on shares of Modine Manufacturing in a research report on Thursday, May 18th. They set a “strong-buy” rating for the company. DA Davidson lifted their target price on Modine Manufacturing from $28.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, February 21st. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $33.50.
Modine Manufacturing Company Profile
Modine Manufacturing Co engages in provision of thermal management solutions. It operates through the following segments: Heavy-Duty Equipment(HDE), Automotive, Commercial and Industrial Solutions (CIS), and Building HVAC Systems (BHVAC). The HDE segment provides powertrain and engine cooling products, including, but not limited to, radiators, charge air coolers, condensers, oil coolers, EGR coolers, fuel coolers, electronics cooling packages, and battery thermal management systems to OEMs in the commercial vehicle, off-highway, and automotive and light vehicle markets in North America, South America, Europe, and Asia.
- Get a free copy of the StockNews.com research report on Modine Manufacturing (MOD)
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