News coverage about Modine Manufacturing (NYSE:MOD) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Modine Manufacturing earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media stories about the auto parts company an impact score of 46.4999297959881 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Detailed examination of the heat exchangers global market forecast to 2023 (whatech.com)
- Milwaukee Business Journal reveals 2017 CFO of the Year winners (bizjournals.com)
- $0.21 Earnings Per Share Expected for Modine Manufacturing Company (MOD) This Quarter (americanbankingnews.com)
- Critical Comparison: Dorman Products (DORM) vs. Modine Manufacturing (MOD) (americanbankingnews.com)
- Uptrend Call Working As Modine Mfg Co Stock Rises 36.0% (MOD) (mysmartrend.com)
Modine Manufacturing (MOD) traded down 0.32% during midday trading on Friday, reaching $15.55. 226,367 shares of the company’s stock were exchanged. Modine Manufacturing has a 12-month low of $9.25 and a 12-month high of $17.85. The company has a market cap of $779.40 million, a price-to-earnings ratio of 33.80 and a beta of 1.20. The firm has a 50-day moving average price of $16.46 and a 200 day moving average price of $13.74.
Modine Manufacturing (NYSE:MOD) last issued its quarterly earnings data on Tuesday, August 1st. The auto parts company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.09. The business had revenue of $515.50 million for the quarter, compared to the consensus estimate of $482.70 million. Modine Manufacturing had a net margin of 1.35% and a return on equity of 11.16%. The company’s quarterly revenue was up 48.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 EPS. On average, analysts expect that Modine Manufacturing will post $1.41 EPS for the current fiscal year.
MOD has been the subject of several recent research reports. Zacks Investment Research cut shares of Modine Manufacturing from a “hold” rating to a “sell” rating in a research report on Saturday, April 22nd. ValuEngine cut shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. BidaskClub cut shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, TheStreet upgraded shares of Modine Manufacturing from a “c” rating to a “b-” rating in a research report on Tuesday, August 1st. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $17.00.
In other Modine Manufacturing news, VP Scott D. Wollenberg sold 5,736 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $15.95, for a total transaction of $91,489.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.42% of the stock is currently owned by insiders.
Modine Manufacturing Company Profile
Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on-highway and off-highway original equipment manufacturer (OEM) vehicular applications, and for sale into an array of building, industrial and refrigeration markets. The Company’s products include radiators and radiator cores, exhaust gas recirculation coolers, building heating, ventilating and air conditioning (HVAC) equipment, and coils.
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