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

Modine Manufacturing (NYSE:MOD) issued its earnings results on Tuesday. The auto parts company reported $0.92 earnings per share (EPS) for the quarter, beating 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 Performance

Modine Manufacturing stock traded up $1.93 during trading hours on Tuesday, hitting $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 cap of $5.17 billion, a PE ratio of 32.26, a PEG ratio of 0.78 and a beta of 2.31. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.77 and a quick ratio of 1.09. Modine Manufacturing has a one year low of $67.77 and a one year high of $146.84. The firm has a 50-day moving average of $124.24 and a 200 day moving average of $120.86.

Wall Street Analyst Weigh In

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

Modine Manufacturing Company Profile

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.