News headlines about Modine Manufacturing (NYSE:MOD) have been trending somewhat negative this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Modine Manufacturing earned a media sentiment score of -0.12 on Accern’s scale. Accern also assigned news stories about the auto parts company an impact score of 41.7526859878249 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Modine Manufacturing Company (MOD) VP Sells $171,278.64 in Stock (americanbankingnews.com)
- Modine Manufacturing (MOD) Downgraded by ValuEngine to “Buy” (americanbankingnews.com)
- Comparing Modine Manufacturing (MOD) and Fuel Systems Solutions (FSYS) (americanbankingnews.com)
- Modine Manufacturing Company (MOD) VP Sells $80,900.34 in Stock (americanbankingnews.com)
- Atherion® D Cabinet HVAC Unit features PF™ Aluminum Microchannel condenser coils. (news.thomasnet.com)
Shares of Modine Manufacturing (MOD) opened at $21.10 on Thursday. Modine Manufacturing has a 52 week low of $10.10 and a 52 week high of $23.95. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.87 and a current ratio of 1.25. The firm has a market cap of $1,084.88, a PE ratio of 16.45 and a beta of 1.22.
Modine Manufacturing (NYSE:MOD) last posted its earnings results on Tuesday, October 31st. The auto parts company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.14. Modine Manufacturing had a net margin of 2.29% and a return on equity of 14.94%. The company had revenue of $508.30 million for the quarter, compared to analyst estimates of $466.33 million. During the same period last year, the business posted ($0.01) earnings per share. The business’s revenue for the quarter was up 60.0% compared to the same quarter last year. sell-side analysts predict that Modine Manufacturing will post 1.43 EPS for the current fiscal year.
MOD has been the topic of several analyst reports. Zacks Investment Research cut Modine Manufacturing from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. BidaskClub downgraded Modine Manufacturing from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Finally, ValuEngine cut Modine Manufacturing from a “strong-buy” rating to a “buy” rating in a report on Monday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. Modine Manufacturing has an average rating of “Hold” and a consensus target price of $24.00.
In other news, VP Holger Schwab sold 7,572 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $22.62, for a total value of $171,278.64. Following the transaction, the vice president now owns 50,159 shares in the company, valued at approximately $1,134,596.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Thomas F. Marry sold 7,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $21.97, for a total transaction of $153,790.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,508 shares of company stock valued at $557,019. 4.42% of the stock is currently owned by corporate insiders.
Modine Manufacturing Company Profile
Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on-highway and off-highway original equipment manufacturer (OEM) vehicular applications, and for sale into an array of building, industrial and refrigeration markets. The Company’s products include radiators and radiator cores, exhaust gas recirculation coolers, building heating, ventilating and air conditioning (HVAC) equipment, and coils.
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