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.