Modine Manufacturing Co. (MOD) Releases Earnings Results, Beats Expectations By $0.04 EPS

Modine Manufacturing Co. (MOD) reported quarterly earnings results on Wednesday, May-25-2016. The company said it had a profit of $0.36 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.32. The company posted revenue of $343.70 million in the period, compared to analysts expectations of $351.33 million. The company’s revenue was down -5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.

Many Wall Street Analysts have commented on Modine Manufacturing Co.. Seaport Global Securities Upgraded Modine Manufacturing Co. on Mar 24, 2016 to ” Buy”, Price Target of the shares are set at $12.

Modine Manufacturing Co. opened for trading at $10.56 and hit $10.72 on the upside on Friday, eventually ending the session at $10.62, with a gain of 1.05% or 0.11 points. The heightened volatility saw the trading volume jump to 1,18,784 shares. Company has a market cap of $509 M.

In a different news, on Feb 24, 2015, Matthew J Mcburney (VP, Building HVAC) sold 2,390 shares at $12.97 per share price.

Modine Manufacturing Company is a developer manufacturer and marketer of heat exchangers and systems for use in on-highway and off-highway original equipment manufacturer (OEM) vehicular applications and to a range of building industrial and refrigeration markets. The Company specializes in thermal management systems and components. The Company has five operating segments: North America which consisted of vehicular and industrial original equipment products in North America; Europe which consisted of vehicular and industrial original equipment products in Europe; South America which consisted of vehicular and industrial original equipment products and aftermarket products in South America; Asia which consisted of vehicular and industrial original equipment products in Asia and Building Heating Ventilating And Air Conditioning (HVAC) which consisted of building HVAC products throughout the world.

Modine Manufacturing Co.

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