Modine Manufacturing (NYSE:MOD) Posts Quarterly Earnings Results, Misses Expectations By $0.10 EPS

Key Points

• Modine Manufacturing reported quarterly EPS of $1.35, missing analyst expectations of $1.45 by $0.10; EPS was up from $0.83 a year earlier.
• Revenue came in at $994.4 million, above the $978.31 million consensus estimate.
• Analysts’ consensus rating was “Moderate Buy,” with an average price target of $303.44; shares traded at $126.12 on Tuesday.

Modine Manufacturing (NYSE:MOD - Get Free Report) posted its quarterly earnings data on Tuesday. The auto parts company reported $1.35 EPS for the quarter, missing analysts' consensus estimates of $1.45 by ($0.10), FiscalAI reports. Modine Manufacturing had a net margin of 4.28% and a return on equity of 25.59%. The firm had revenue of $994.40 million for the quarter, compared to analysts' expectations of $978.31 million. During the same quarter last year, the company posted $0.83 EPS.

Modine Manufacturing Price Performance

Modine Manufacturing stock traded up $2.78 during trading hours on Tuesday, hitting $126.12. The stock had a trading volume of 4,434,923 shares, compared to its average volume of 1,403,451. The stock has a market capitalization of $6.70 billion, a price-to-earnings ratio of 47.41, a PEG ratio of 0.51 and a beta of 1.71. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.04 and a quick ratio of 1.22. The stock's fifty day moving average is $173.06 and its two-hundred day moving average is $214.76. Modine Manufacturing has a 1-year low of $111.18 and a 1-year high of $323.25.

Wall Street Analyst Weigh In

MOD has been the topic of a number of analyst reports. B. Riley Financial cut their price objective on shares of Modine Manufacturing from $305.00 to $285.00 and set a "buy" rating on the stock in a research report on Thursday, October 29th. Cantor Fitzgerald started coverage on shares of Modine Manufacturing in a report on Tuesday, October 20th. They set an "overweight" rating and a $275.00 price target on the stock. Robert W. Baird started coverage on shares of Modine Manufacturing in a research note on Tuesday, October 6th. They issued an "outperform" rating and a $300.00 price target on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of Modine Manufacturing in a report on Tuesday, August 25th. Finally, DA Davidson reissued a "buy" rating and set a $330.00 target price on shares of Modine Manufacturing in a research note on Tuesday, October 27th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $303.44.

About Modine Manufacturing

Modine Manufacturing Company NYSE: MOD is a diversified thermal management company that develops and manufactures solutions for managing heat in vehicles, equipment, buildings and industrial systems. Its products are designed to improve efficiency, reliability and performance across a range of applications.

The company serves the automotive, commercial vehicle, off-highway, power generation, data center, heating, ventilation, air conditioning and refrigeration markets. Its offerings include heat exchangers, radiators, charge air coolers, battery and power electronics cooling systems, liquid-cooling equipment, coils and other thermal management components and systems.

Founded in 1916 by Arthur B.

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