Modine Manufacturing (NYSE:MOD) Posts Earnings Results, Beats Expectations By $0.13 EPS

Modine Manufacturing (NYSE:MOD) released its quarterly earnings data on Tuesday. The auto parts company reported $0.92 EPS 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 Stock Up 2.0 %

NYSE MOD traded up $1.93 on Tuesday, reaching $98.40. The company had a trading volume of 1,822,780 shares, compared to its average volume of 1,236,055. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 32.26, a price-to-earnings-growth ratio of 0.78 and a beta of 2.31. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.09 and a current ratio of 1.77. Modine Manufacturing has a 1-year low of $67.77 and a 1-year high of $146.84. The company’s fifty day moving average is $124.24 and its 200-day moving average is $120.86.

Wall Street Analyst Weigh In

Separately, Oppenheimer upped their price objective on shares of Modine Manufacturing from $144.00 to $145.00 and gave the company an “outperform” rating in a research report 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.