Modine Manufacturing Company (NYSE:MOD) updated its FY18 earnings guidance on Tuesday. The company provided EPS guidance of $1.20-1.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.28. The company issued revenue guidance of $1.88-1.95 billion (+25-30% y/y), compared to the consensus revenue estimate of $1.90 billion.
A number of research firms have recently weighed in on MOD. Zacks Investment Research downgraded Modine Manufacturing from a buy rating to a hold rating in a research note on Wednesday. BidaskClub raised Modine Manufacturing from a sell rating to a hold rating in a research note on Saturday, August 5th. TheStreet raised Modine Manufacturing from a c rating to a b- rating in a report on Tuesday, August 1st. Finally, ValuEngine raised Modine Manufacturing from a hold rating to a buy rating in a report on Tuesday, August 1st. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $17.00.
Shares of Modine Manufacturing Company (NYSE:MOD) opened at 15.60 on Friday. The firm has a market cap of $781.90 million, a price-to-earnings ratio of 33.91 and a beta of 1.20. The firm has a 50-day moving average price of $16.54 and a 200-day moving average price of $13.66. Modine Manufacturing Company has a 12-month low of $9.25 and a 12-month high of $17.85.
Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings data on Tuesday, August 1st. The auto parts company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.09. The firm had revenue of $515.50 million for the quarter, compared to the consensus estimate of $482.70 million. Modine Manufacturing had a net margin of 1.35% and a return on equity of 11.16%. The company’s revenue was up 48.5% on a year-over-year basis. During the same period last year, the firm earned $0.23 EPS. Equities research analysts anticipate that Modine Manufacturing Company will post $1.41 EPS for the current year.
In other news, VP Scott D. Wollenberg sold 5,736 shares of the firm’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $15.95, for a total transaction of $91,489.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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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