Modine Manufacturing Co. (NYSE:MOD) – Dougherty & Co issued their Q2 2020 earnings per share (EPS) estimates for Modine Manufacturing in a report released on Thursday, August 29th, Zacks Investment Research reports. Dougherty & Co analyst M. Shlisky forecasts that the auto parts company will earn $0.24 per share for the quarter. Dougherty & Co currently has a “Buy” rating and a $13.00 target price on the stock. Dougherty & Co also issued estimates for Modine Manufacturing’s FY2020 earnings at $1.39 EPS.
Other research analysts have also recently issued reports about the stock. DA Davidson reissued a “neutral” rating on shares of Modine Manufacturing in a report on Wednesday, September 11th. ValuEngine cut shares of Modine Manufacturing from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. TheStreet raised shares of Modine Manufacturing from a “c+” rating to a “b-” rating in a report on Monday, July 1st. Finally, Zacks Investment Research raised shares of Modine Manufacturing from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $13.83.
Shares of MOD traded down $0.16 during mid-day trading on Monday, hitting $11.66. 162,400 shares of the company traded hands, compared to its average volume of 228,231. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.78 and a current ratio of 1.17. The stock has a 50-day moving average price of $10.78 and a two-hundred day moving average price of $13.43. Modine Manufacturing has a 1 year low of $9.50 and a 1 year high of $16.67. The stock has a market cap of $584.10 million, a price-to-earnings ratio of 7.43, a P/E/G ratio of 0.82 and a beta of 2.03.
Modine Manufacturing (NYSE:MOD) last released its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.05). Modine Manufacturing had a net margin of 3.25% and a return on equity of 14.19%. The company had revenue of $529.00 million for the quarter, compared to analysts’ expectations of $544.88 million. During the same period in the previous year, the firm earned $0.41 earnings per share. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis.
Hedge funds have recently made changes to their positions in the business. Globeflex Capital L P increased its holdings in Modine Manufacturing by 18.3% during the first quarter. Globeflex Capital L P now owns 32,952 shares of the auto parts company’s stock valued at $457,000 after buying an additional 5,105 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Modine Manufacturing by 36.7% during the first quarter. Victory Capital Management Inc. now owns 142,424 shares of the auto parts company’s stock valued at $1,975,000 after buying an additional 38,224 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in Modine Manufacturing during the first quarter valued at approximately $29,000. Russell Investments Group Ltd. increased its holdings in Modine Manufacturing by 5.9% during the second quarter. Russell Investments Group Ltd. now owns 287,480 shares of the auto parts company’s stock valued at $4,114,000 after buying an additional 15,999 shares during the last quarter. Finally, Financial Consulate Inc. increased its holdings in Modine Manufacturing by 7.3% during the first quarter. Financial Consulate Inc. now owns 242,075 shares of the auto parts company’s stock valued at $3,358,000 after buying an additional 16,569 shares during the last quarter. 87.38% of the stock is owned by institutional investors and hedge funds.
Modine Manufacturing Company Profile
Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications primarily in the United States. The company operates through Americas, Europe, Asia, Commercial and Industrial Solutions, and Building HVAC segments.