Modine Manufacturing (NYSE:MOD) Issues Earnings Results

Modine Manufacturing (NYSE:MOD) announced its earnings results on Tuesday. The auto parts company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.13, Zacks reports. Modine Manufacturing had a net margin of 6.59% and a return on equity of 23.96%.

Modine Manufacturing Trading Up 2.0 %

Shares of Modine Manufacturing stock traded up $1.93 during trading on Tuesday, hitting $98.40. The stock had a trading volume of 1,820,635 shares, compared to its average volume of 1,236,055. Modine Manufacturing has a 12 month low of $67.77 and a 12 month high of $146.84. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.77 and a quick ratio of 1.09. The firm’s fifty day simple moving average is $124.24 and its 200-day simple moving average is $120.86. The stock has a market cap of $5.17 billion, a PE ratio of 32.26, a PEG ratio of 0.78 and a beta of 2.31.

Wall Street Analyst Weigh In

Separately, Oppenheimer increased their target price on Modine Manufacturing from $144.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, October 31st.

Modine Manufacturing Company Profile

Modine Manufacturing Company provides thermal management products and solutions in the United States, Italy, Hungary, China, the United Kingdom, and internationally. It operates through Climate Solutions and Performance Technologies segments. The company offers heat transfer coils, including heat recovery and round tube plate fin coils; gas-fired, hydronic, electric and oilfired unit heaters; roof-mounted direct- and indirect-fired makeup air units; duct furnaces; infrared units; perimeter heating products; single packaged unit ventilators; modular chillers; air handler and condensing units; ceiling cassettes; evaporator unit coolers, remote condensers, fluid coolers, gas coolers, and dry and brine coolers; and motor and generator cooling coils, transformer oil coolers, radiators, dryers, and industrial heat exchangers.