Modine Manufacturing (MOD) to Release Earnings on Wednesday

Modine Manufacturing (NYSE:MOD – Get Rating) is scheduled to post its quarterly earnings results after the market closes on Wednesday, May 25th. Analysts expect Modine Manufacturing to post earnings of $0.49 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Shares of MOD stock opened at $8.78 on Wednesday. The firm has a market cap of $455.80 million, a P/E ratio of 7.50 and a beta of 2.42. Modine Manufacturing has a fifty-two week low of $7.67 and a fifty-two week high of $18.54. The business’s 50 day moving average price is $8.54 and its 200-day moving average price is $9.79. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.98 and a current ratio of 1.62.

A number of institutional investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP boosted its holdings in Modine Manufacturing by 123.5% in the first quarter. Quantbot Technologies LP now owns 3,800 shares of the auto parts company’s stock worth $34,000 after acquiring an additional 2,100 shares in the last quarter. Royal Bank of Canada boosted its holdings in Modine Manufacturing by 1.4% in the first quarter. Royal Bank of Canada now owns 103,123 shares of the auto parts company’s stock worth $929,000 after acquiring an additional 1,460 shares in the last quarter. Delphia USA Inc. bought a new stake in Modine Manufacturing in the first quarter worth $128,000. Goldman Sachs Group Inc. boosted its holdings in Modine Manufacturing by 57.2% in the first quarter. Goldman Sachs Group Inc. now owns 157,805 shares of the auto parts company’s stock worth $1,422,000 after acquiring an additional 57,445 shares in the last quarter. Finally, State Street Corp boosted its holdings in Modine Manufacturing by 0.4% in the first quarter. State Street Corp now owns 1,264,193 shares of the auto parts company’s stock worth $11,390,000 after acquiring an additional 5,366 shares in the last quarter. 94.42% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, April 5th. StockNews.com initiated coverage on Modine Manufacturing in a research report on Thursday, March 31st. They set a “buy” rating on the stock.

About Modine Manufacturing (Get Rating)

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. It operates through Building HVAC Systems, and Heavy Duty Equipment and Automotive segments. The company offers gas-fired, hydronic, electric, and oil-fired unit heaters; indoor and outdoor duct furnaces; infrared units; hydronic products, such as commercial fin-tube radiation, cabinet unit heaters, and convectors; roof-mounted direct- and indirect-fired makeup air units; commercial packaged rooftop ventilation units; unit ventilators; single packaged vertical units; precision air conditioning units for data center applications; air-handling units; chillers; ceiling cassettes; hybrid fan coils; and condensing units.

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