Modine Manufacturing Company (NYSE:MOD) Releases FY18 Earnings Guidance

Modine Manufacturing Company (NYSE:MOD) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.20-1.35 for the period, compared to the Thomson Reuters consensus 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.

MOD has been the topic of several analyst reports. TheStreet upgraded Modine Manufacturing from a c rating to a b- rating in a report on Tuesday, August 1st. ValuEngine upgraded Modine Manufacturing from a hold rating to a buy rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded Modine Manufacturing from a hold rating to a buy rating and set a $17.00 target price for the company in a research report on Thursday, June 1st. Finally, BidaskClub upgraded Modine Manufacturing from a sell rating to a hold rating in a research report on Saturday, August 5th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $17.00.

Shares of Modine Manufacturing Company (NYSE:MOD) traded down 1.27% on Friday, reaching $15.60. The company’s stock had a trading volume of 662,385 shares. Modine Manufacturing Company has a 52 week low of $9.25 and a 52 week high of $17.85. The stock has a 50-day moving average of $16.54 and a 200 day moving average of $13.66. The stock has a market capitalization of $781.90 million, a price-to-earnings ratio of 33.91 and a beta of 1.20.

Modine Manufacturing (NYSE:MOD) last posted 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 during the quarter, compared to analyst estimates 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 for the quarter was up 48.5% on a year-over-year basis. During the same quarter last year, the business posted $0.23 EPS. On average, analysts expect 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 stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $15.95, for a total transaction of $91,489.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.42% of the stock is owned by corporate insiders.

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About Modine Manufacturing

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.

Earnings History and Estimates for Modine Manufacturing (NYSE:MOD)

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