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

Modine Manufacturing Company (NYSE:MOD) issued an update on its FY18 earnings guidance on Tuesday morning. 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.

Modine Manufacturing Company (MOD) traded down 0.32% during midday trading on Friday, reaching $15.55. The company had a trading volume of 226,367 shares. The company has a market capitalization of $779.40 million, a P/E ratio of 33.80 and a beta of 1.20. Modine Manufacturing Company has a 52-week low of $9.25 and a 52-week high of $17.85. The company’s 50 day moving average is $16.46 and its 200-day moving average is $13.74.

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, topping analysts’ consensus estimates of $0.30 by $0.09. Modine Manufacturing had a net margin of 1.35% and a return on equity of 11.16%. The firm had revenue of $515.50 million during the quarter, compared to analyst estimates of $482.70 million. During the same quarter last year, the business posted $0.23 EPS. The company’s revenue was up 48.5% on a year-over-year basis. Equities analysts expect that Modine Manufacturing Company will post $1.41 earnings per share for the current fiscal year.

A number of equities research analysts have issued reports on MOD shares. ValuEngine raised shares of Modine Manufacturing from a hold rating to a buy rating in a research note on Friday, June 2nd. Zacks Investment Research lowered shares of Modine Manufacturing from a hold rating to a sell rating in a research note on Saturday, April 22nd. BidaskClub lowered shares of Modine Manufacturing from a buy rating to a hold rating in a research note on Monday, July 24th. Finally, TheStreet raised shares of Modine Manufacturing from a c rating to a b- rating in a research note on Tuesday, August 1st. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of Buy and an average target price of $17.00.

In other Modine Manufacturing news, VP Scott D. Wollenberg sold 5,736 shares of Modine Manufacturing 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.42% of the company’s stock.

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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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