Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Modine Manufacturing (MOD) Stock Price
Media headlines about Modine Manufacturing (NYSE:MOD) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Modine Manufacturing earned a news impact score of 0.19 on Accern’s scale. Accern also gave news headlines about the auto parts company an impact score of 45.1625745561499 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Modine Manufacturing (MOD) opened at $21.50 on Friday. Modine Manufacturing has a one year low of $10.10 and a one year high of $23.95. The company has a quick ratio of 0.87, a current ratio of 1.25 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $1,080.00, a price-to-earnings ratio of 25.29 and a beta of 1.23.
Modine Manufacturing (NYSE:MOD) last issued its quarterly earnings data on Tuesday, October 31st. The auto parts company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.14. Modine Manufacturing had a return on equity of 14.94% and a net margin of 2.29%. The business had revenue of $508.30 million during the quarter, compared to analysts’ expectations of $466.33 million. During the same period in the previous year, the firm posted ($0.01) earnings per share. The company’s revenue was up 60.0% on a year-over-year basis. sell-side analysts predict that Modine Manufacturing will post 1.43 EPS for the current fiscal year.
A number of equities research analysts have recently weighed in on the company. ValuEngine cut Modine Manufacturing from a “strong-buy” rating to a “buy” rating in a research note on Monday, December 4th. Zacks Investment Research raised Modine Manufacturing from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective for the company in a research note on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. Modine Manufacturing has an average rating of “Hold” and a consensus price target of $24.00.
In related news, VP Holger Schwab sold 11,141 shares of Modine Manufacturing stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $20.10, for a total value of $223,934.10. Following the completion of the transaction, the vice president now directly owns 47,225 shares in the company, valued at $949,222.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Matthew J. Mcburney sold 3,522 shares of Modine Manufacturing stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $22.97, for a total value of $80,900.34. The disclosure for this sale can be found here. Insiders sold 45,241 shares of company stock valued at $982,316 over the last ninety days. Insiders own 4.42% of the company’s stock.
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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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