Modine Manufacturing (MOD) Receives News Impact Rating of 0.19
Media headlines about Modine Manufacturing (NYSE:MOD) have trended somewhat positive on Thursday, Accern reports. The research firm ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Modine Manufacturing earned a news impact score of 0.19 on Accern’s scale. Accern also assigned news articles about the auto parts company an impact score of 45.1064451752584 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Modine Manufacturing (NYSE MOD) opened at $21.10 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.25 and a quick ratio of 0.87. The firm has a market cap of $1,070.00, a P/E ratio of 24.82 and a beta of 1.23. Modine Manufacturing has a 52-week low of $10.10 and a 52-week high of $23.95.
Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings data 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. The company had revenue of $508.30 million for the quarter, compared to analysts’ expectations of $466.33 million. Modine Manufacturing had a net margin of 2.29% and a return on equity of 14.94%. Modine Manufacturing’s revenue for the quarter was up 60.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.01) earnings per share. analysts anticipate that Modine Manufacturing will post 1.43 EPS for the current year.
Several research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Modine Manufacturing from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Wednesday. ValuEngine cut shares of Modine Manufacturing from a “strong-buy” rating to a “buy” rating in a research report on Monday, December 4th. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Modine Manufacturing has a consensus rating of “Buy” and a consensus target price of $24.00.
In other Modine Manufacturing news, VP Matthew J. Mcburney sold 3,522 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $22.97, for a total value of $80,900.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Scott D. Wollenberg sold 6,414 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $23.55, for a total value of $151,049.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,241 shares of company stock worth $982,316. 4.42% of the stock is owned by company insiders.
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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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