Modine Manufacturing Co MOD.N reported quarterly adjusted earnings of $1.06 per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.04. The mean expectation of six analysts for the quarter was for earnings of 92 cents per share. Wall Street expected results to range from 87 cents to $1.03 per share.
Revenue rose 3.2% to $682.80 million from a year ago; analysts expected $651.04 million.
Modine Manufacturing Co's reported EPS for the quarter was 95 cents.
The company reported quarterly net income of $51.2 million.
Modine Manufacturing Co shares had risen by 13.7% this quarter and lost 3.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 17.1% in the last three months.
In the last 30 days, four analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the auto, truck & motorcycle parts peer group is also "buy"
Wall Street's median 12-month price target for Modine Manufacturing Co is $127.50, about 10.9% above its last closing price of $113.62
This summary was machine generated from LSEG data July 30 at 09:42 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)