Modine Manufacturing (NYSE:MOD) announced its quarterly earnings data on Thursday. The auto parts company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.12), Briefing.com reports. Modine Manufacturing had a return on equity of 14.19% and a net margin of 3.25%. The firm had revenue of $500.20 million during the quarter, compared to analysts’ expectations of $514.27 million. During the same period last year, the business posted $0.35 EPS. The company’s revenue was down 8.9% compared to the same quarter last year. Modine Manufacturing updated its FY20 guidance to $0.75-0.90 EPS.
MOD traded down $4.83 during trading hours on Friday, hitting $7.02. The stock had a trading volume of 2,414,861 shares, compared to its average volume of 239,574. The company’s fifty day simple moving average is $10.89 and its 200 day simple moving average is $12.41. Modine Manufacturing has a 1 year low of $6.82 and a 1 year high of $16.67. The stock has a market cap of $599.32 million, a PE ratio of 4.47, a price-to-earnings-growth ratio of 0.87 and a beta of 1.99. The company has a quick ratio of 0.78, a current ratio of 1.17 and a debt-to-equity ratio of 0.55.
In other Modine Manufacturing news, insider Hanna Julian 500,000 shares of Modine Manufacturing stock in a transaction on Friday, October 11th. Company insiders own 5.01% of the company’s stock.
About Modine Manufacturing
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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