Modine Manufacturing (NYSE:MOD) Releases Earnings Results, Misses Expectations By $0.10 EPS

Modine Manufacturing (NYSE:MOD) released its quarterly earnings results on Tuesday. The auto parts company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.45 by ($0.10), FiscalAI reports. Modine Manufacturing had a return on equity of 25.59% and a net margin of 4.28%. The firm had revenue of $994.40 million for the quarter, compared to the consensus estimate of $978.31 million. During the same quarter in the prior year, the company posted $0.83 EPS.

Modine Manufacturing Trading Up 2.3%

NYSE:MOD traded up $2.78 on Tuesday, reaching $126.12. The company’s stock had a trading volume of 4,434,923 shares, compared to its average volume of 1,403,451. Modine Manufacturing has a 1-year low of $111.18 and a 1-year high of $323.25. 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 cap of $6.70 billion, a PE ratio of 47.41, a PEG ratio of 0.51 and a beta of 1.71. The business’s 50-day moving average price is $173.06 and its two-hundred day moving average price is $214.76.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MOD shares. Zacks Research downgraded Modine Manufacturing from a “hold” rating to a “strong sell” rating in a research note on Friday, October 16th. DA Davidson restated a “buy” rating and issued a $330.00 price objective on shares of Modine Manufacturing in a research note on Tuesday, October 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Modine Manufacturing in a report on Tuesday, August 25th. Oppenheimer decreased their target price on Modine Manufacturing from $300.00 to $260.00 and set an “outperform” rating on the stock in a report on Friday, October 2nd. Finally, Wall Street Zen cut Modine Manufacturing from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $303.44.

Modine Manufacturing Company Profile

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.