Modine Manufacturing (NYSE:MOD) Announces Earnings Results, Beats Estimates By $0.13 EPS

Modine Manufacturing (NYSE:MOD) issued its quarterly earnings data on Tuesday. The auto parts company reported $0.92 EPS for the quarter, topping the consensus estimate 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 Stock Up 2.0 %

Modine Manufacturing stock traded up $1.93 during trading hours 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. The stock’s 50-day moving average price is $124.24 and its 200-day moving average price is $120.86. Modine Manufacturing has a 12-month low of $67.77 and a 12-month high of $146.84. The company has a quick ratio of 1.09, a current ratio of 1.77 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $5.17 billion, a P/E ratio of 32.26, a price-to-earnings-growth ratio of 0.78 and a beta of 2.31.

Analyst Upgrades and Downgrades

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

About Modine Manufacturing

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.