Modine Manufacturing (NYSE:MOD) Earns Media Impact Score of 0.07
Media headlines about Modine Manufacturing (NYSE:MOD) have been trending somewhat positive recently, Accern reports. The research group identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Modine Manufacturing earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned media headlines about the auto parts company an impact score of 48.0329993338735 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- BRIEF-Modine announces termination of public offering of common stock (reuters.com)
- Trump-Korea feud scares Modine off stock offering (journaltimes.com)
- Head-To-Head Review: Modine Manufacturing (NYSE:MOD) & Westport Fuel Systems (WPRT) (americanbankingnews.com)
- Modine Manufacturing Co. breached its 50 day moving average in a Bearish Manner : MOD-US : August 11, 2017 (finance.yahoo.com)
- Modine Announces Termination of Public Offering of Common Stock (finance.yahoo.com)
A number of equities analysts recently commented on MOD shares. ValuEngine upgraded Modine Manufacturing from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research downgraded Modine Manufacturing from a “hold” rating to a “sell” rating in a report on Saturday, April 22nd. BidaskClub downgraded Modine Manufacturing from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, TheStreet upgraded Modine Manufacturing from a “c” rating to a “b-” rating in a report on Tuesday, August 1st. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $17.00.
Modine Manufacturing (NYSE:MOD) opened at 15.60 on Friday. Modine Manufacturing has a 12-month low of $9.25 and a 12-month high of $17.85. The company has a 50-day moving average price of $16.54 and a 200-day moving average price of $13.66. The firm has a market cap of $781.90 million, a P/E ratio of 33.91 and a beta of 1.20.
Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings results on Tuesday, August 1st. The auto parts company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.09. The firm had revenue of $515.50 million for the quarter, compared to analysts’ expectations of $482.70 million. Modine Manufacturing had a net margin of 1.35% and a return on equity of 11.16%. Modine Manufacturing’s revenue was up 48.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 earnings per share. On average, analysts predict that Modine Manufacturing will post $1.41 earnings per share for the current year.
In other Modine Manufacturing news, VP Scott D. Wollenberg sold 5,736 shares of Modine Manufacturing stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $15.95, for a total transaction of $91,489.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 4.42% of the company’s stock.
About Modine Manufacturing
Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on-highway and off-highway original equipment manufacturer (OEM) vehicular applications, and for sale into an array of building, industrial and refrigeration markets. The Company’s products include radiators and radiator cores, exhaust gas recirculation coolers, building heating, ventilating and air conditioning (HVAC) equipment, and coils.
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