Modine Manufacturing (NYSE:MOD – Get Free Report) announced its quarterly earnings data on Tuesday. The auto parts company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.45 by ($0.10), FiscalAI reports. Modine Manufacturing had a net margin of 4.28% and a return on equity of 25.59%. The firm had revenue of $994.40 million for the quarter, compared to analysts’ expectations of $978.31 million. During the same period in the previous year, the company posted $0.83 EPS. The business’s quarterly revenue was up 34.6% on a year-over-year basis.
Modine Manufacturing Stock Performance
Shares of MOD stock opened at $126.12 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.22 and a current ratio of 2.04. The firm has a market capitalization of $6.70 billion, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 0.44 and a beta of 1.86. Modine Manufacturing has a one year low of $111.18 and a one year high of $323.25. The company has a 50 day moving average price of $171.81 and a 200 day moving average price of $214.76.
Wall Street Analysts Forecast Growth
MOD has been the topic of several analyst reports. Zacks Research cut Modine Manufacturing from a “hold” rating to a “strong sell” rating in a report on Friday, October 16th. KeyCorp reiterated an “overweight” rating and issued a $280.00 target price on shares of Modine Manufacturing in a research note on Wednesday, September 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Modine Manufacturing in a research note on Tuesday, August 25th. B. Riley Financial reduced their target price on Modine Manufacturing from $305.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday, October 29th. Finally, Cantor Fitzgerald started coverage on Modine Manufacturing in a research note on Tuesday, October 20th. They issued an “overweight” rating and a $275.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Modine Manufacturing has a consensus rating of “Moderate Buy” and an average target price of $303.44.
View Our Latest Stock Report on Modine Manufacturing
About Modine Manufacturing
Modine Manufacturing Company (NYSE: MOD) is a diversified thermal management company that develops and manufactures solutions for managing heat in vehicles, equipment, buildings and industrial systems. Its products are designed to improve efficiency, reliability and performance across a range of applications.
The company serves the automotive, commercial vehicle, off-highway, power generation, data center, heating, ventilation, air conditioning and refrigeration markets. Its offerings include heat exchangers, radiators, charge air coolers, battery and power electronics cooling systems, liquid-cooling equipment, coils and other thermal management components and systems.
Founded in 1916 by Arthur B.
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