Modine Manufacturing (NYSE:MOD) Posts Earnings Results, Misses Expectations By $0.12 EPS
Modine Manufacturing (NYSE:MOD) issued its quarterly earnings data on Thursday. The auto parts company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.12), Briefing.com reports. The firm had revenue of $500.20 million for 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%. Modine Manufacturing’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 business earned $0.35 EPS. Modine Manufacturing updated its FY20 guidance to $0.75-0.90 EPS.
Modine Manufacturing stock traded down $4.83 during trading on Friday, reaching $7.02. The company had a trading volume of 2,414,861 shares, compared to its average volume of 239,574. The firm’s 50-day simple moving average is $10.89 and its 200 day simple moving average is $12.41. Modine Manufacturing has a 1-year low of $6.82 and a 1-year high of $16.67. The firm has a market capitalization of $599.32 million, a PE ratio of 4.47, a price-to-earnings-growth ratio of 0.87 and a beta of 1.99. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.78 and a current ratio of 1.17.
MOD has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Modine Manufacturing from a “hold” rating to a “sell” rating in a research note on Friday, October 18th. TheStreet cut shares of Modine Manufacturing from a “b-” rating to a “c” rating in a research note on Friday, September 20th. ValuEngine raised shares of Modine Manufacturing from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. DA Davidson reaffirmed a “neutral” rating on shares of Modine Manufacturing in a research note on Wednesday, September 11th. Finally, Dougherty & Co cut shares of Modine Manufacturing from a “buy” rating to a “neutral” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Modine Manufacturing has an average 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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