Modine Manufacturing (NYSE:MOD) issued its quarterly earnings data on Thursday. The auto parts company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.12), Briefing.com reports. The business had revenue of $500.20 million for the quarter, compared to analyst estimates of $514.27 million. Modine Manufacturing had a return on equity of 14.19% and a net margin of 3.25%. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 EPS. Modine Manufacturing updated its FY20 guidance to $0.75-0.90 EPS.
MOD stock traded down $4.83 during trading hours on Friday, reaching $7.02. 2,414,861 shares of the stock were exchanged, compared to its average volume of 239,574. The firm’s 50-day moving average is $10.89 and its 200-day moving average is $12.41. The company has a market cap of $599.32 million, a price-to-earnings ratio of 4.47, a PEG ratio of 0.87 and a beta of 1.99. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.17 and a quick ratio of 0.78. Modine Manufacturing has a 12 month low of $6.82 and a 12 month high of $16.67.
In other news, insider Hanna Julian 500,000 shares of the stock in a transaction on Friday, October 11th. 5.01% of the stock is currently owned by corporate insiders.
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.
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