Media stories about Modine Manufacturing (NYSE:MOD) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Modine Manufacturing earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the auto parts company an impact score of 47.0676539616871 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
MOD has been the topic of a number of research reports. ValuEngine downgraded Modine Manufacturing from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Zacks Investment Research downgraded Modine Manufacturing from a “hold” rating to a “sell” rating in a research note on Thursday, May 31st.
NYSE:MOD traded up $0.10 during mid-day trading on Friday, reaching $16.35. 140,888 shares of the stock were exchanged, compared to its average volume of 200,293. The company has a market capitalization of $823.73 million, a PE ratio of 10.62 and a beta of 1.54. The company has a quick ratio of 0.85, a current ratio of 1.23 and a debt-to-equity ratio of 0.76. Modine Manufacturing has a 1 year low of $15.75 and a 1 year high of $25.75.
Modine Manufacturing (NYSE:MOD) last released its quarterly earnings results on Wednesday, August 1st. The auto parts company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. The firm had revenue of $566.10 million for the quarter, compared to the consensus estimate of $552.12 million. Modine Manufacturing had a return on equity of 17.01% and a net margin of 1.26%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 EPS. sell-side analysts anticipate that Modine Manufacturing will post 1.59 EPS for the current fiscal year.
In other Modine Manufacturing news, Director Suresh V. Garimella sold 14,181 shares of Modine Manufacturing stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $17.65, for a total value of $250,294.65. Following the transaction, the director now directly owns 40,135 shares in the company, valued at approximately $708,382.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.48% of the company’s stock.
About Modine Manufacturing
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.
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