Modine Manufacturing (NYSE:MOD) posted its quarterly earnings results on Wednesday. The auto parts company reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.02, Briefing.com reports. The company had revenue of $556.70 million for the quarter, compared to the consensus estimate of $577.30 million. Modine Manufacturing had a return on equity of 16.34% and a net margin of 4.32%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.44 EPS. Modine Manufacturing updated its FY 2020 guidance to $1.55-1.70 EPS and its FY20 guidance to $1.55-1.70 EPS.
Shares of MOD opened at $12.93 on Thursday. The company has a market cap of $662.73 million, a price-to-earnings ratio of 8.40 and a beta of 1.97. Modine Manufacturing has a one year low of $9.75 and a one year high of $20.30. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.30 and a quick ratio of 0.85.
In other Modine Manufacturing news, VP Matthew J. Mcburney sold 4,988 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $14.74, for a total transaction of $73,523.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Dennis P. Appel purchased 3,180 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were purchased at an average cost of $13.99 per share, for a total transaction of $44,488.20. Following the transaction, the vice president now directly owns 33,543 shares of the company’s stock, valued at approximately $469,266.57. The disclosure for this purchase can be found here. Insiders own 4.48% of the company’s stock.
MOD has been the topic of several recent research reports. Zacks Investment Research raised Modine Manufacturing from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Tuesday, February 5th. ValuEngine upgraded Modine Manufacturing from a “strong sell” rating to a “sell” rating in a report on Saturday, April 13th.
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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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