$0.38 EPS Expected for Modine Manufacturing (NYSE:MOD) This Quarter

Analysts expect that Modine Manufacturing (NYSE:MOD) will announce earnings of $0.38 per share for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Modine Manufacturing’s earnings. Modine Manufacturing reported earnings per share of $0.43 during the same quarter last year, which suggests a negative year over year growth rate of 11.6%. The company is expected to issue its next earnings results on Thursday, November 4th.

According to Zacks, analysts expect that Modine Manufacturing will report full year earnings of $1.57 per share for the current fiscal year, with EPS estimates ranging from $1.55 to $1.59. For the next fiscal year, analysts forecast that the company will report earnings of $1.85 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Modine Manufacturing.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings data on Wednesday, August 4th. The auto parts company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.08). The company had revenue of $494.60 million during the quarter. Modine Manufacturing had a positive return on equity of 20.00% and a negative net margin of 10.22%.

MOD has been the topic of several research reports. Zacks Investment Research raised shares of Modine Manufacturing from a “sell” rating to a “hold” rating in a research report on Wednesday, October 6th. Colliers Securities reiterated a “neutral” rating on shares of Modine Manufacturing in a research note on Thursday, July 1st.

A number of large investors have recently modified their holdings of the stock. Great West Life Assurance Co. Can purchased a new position in Modine Manufacturing during the second quarter valued at approximately $41,000. Envestnet Asset Management Inc. grew its stake in Modine Manufacturing by 11.8% during the first quarter. Envestnet Asset Management Inc. now owns 23,455 shares of the auto parts company’s stock valued at $346,000 after acquiring an additional 2,479 shares in the last quarter. ClariVest Asset Management LLC grew its stake in Modine Manufacturing by 6.2% during the first quarter. ClariVest Asset Management LLC now owns 43,100 shares of the auto parts company’s stock valued at $637,000 after acquiring an additional 2,500 shares in the last quarter. Alliancebernstein L.P. lifted its position in Modine Manufacturing by 9.7% during the second quarter. Alliancebernstein L.P. now owns 28,400 shares of the auto parts company’s stock valued at $471,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in Modine Manufacturing by 8.4% during the second quarter. Deutsche Bank AG now owns 34,386 shares of the auto parts company’s stock valued at $571,000 after purchasing an additional 2,677 shares during the last quarter. 87.76% of the stock is owned by institutional investors.

MOD stock traded up $0.24 during mid-day trading on Friday, hitting $12.20. The company had a trading volume of 3,791 shares, compared to its average volume of 338,399. The firm has a market cap of $631.39 million, a PE ratio of -3.07, a price-to-earnings-growth ratio of 0.72 and a beta of 2.73. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.99 and a current ratio of 1.48. Modine Manufacturing has a 12 month low of $6.14 and a 12 month high of $18.54. The stock’s fifty day moving average price is $12.34 and its two-hundred day moving average price is $14.95.

About Modine Manufacturing

Modine Manufacturing Co engages in provision of thermal management solutions. It operates through the following segments: Heavy-Duty Equipment(HDE), Automotive, Commercial and Industrial Solutions (CIS), and Building HVAC Systems (BHVAC). The HDE segment provides powertrain and engine cooling products, including, but not limited to, radiators, charge air coolers, condensers, oil coolers, EGR coolers, fuel coolers, electronics cooling packages, and battery thermal management systems to OEMs in the commercial vehicle, off-highway, and automotive and light vehicle markets in North America, South America, Europe, and Asia.

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

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