$0.21 EPS Expected for Modine Manufacturing Co. (MOD)

October 15, 2017 - By Louis Casey


Investors sentiment increased to 1.04 in Q2 2017. Its up 0.15, from 0.89 in 2017Q1. It improved, as 15 investors sold Modine Manufacturing Co. shares while 40 reduced holdings. 19 funds opened positions while 38 raised stakes. 41.55 million shares or 0.15% less from 41.61 million shares in 2017Q1 were reported.
34 were reported by Qs Investors Llc. Zebra Mgmt Limited Liability Corp holds 24,143 shares. Alliancebernstein Ltd Partnership holds 0% or 62,580 shares. Bnp Paribas Arbitrage Sa accumulated 9,356 shares or 0% of the stock. New York State Common Retirement Fund owns 102,386 shares. Tiaa Cref Inv Mgmt Ltd Co invested in 0% or 158,755 shares. Rhumbline Advisers has invested 0% in Modine Manufacturing Co. (NYSE:MOD). First Trust Advsr L P invested in 40,200 shares or 0% of the stock. Deutsche Comml Bank Ag reported 143,157 shares or 0% of all its holdings. National Bank Of Mellon reported 312,360 shares. Pnc Fincl Services Group holds 0% in Modine Manufacturing Co. (NYSE:MOD) or 66 shares. Blackrock owns 3.25 million shares for 0% of their portfolio. Gabelli Funds Limited Company stated it has 1.07 million shares. Legal And General Group Inc Public Ltd Co reported 16,260 shares stake. Perritt Cap Mgmt owns 35,700 shares or 0.15% of their US portfolio.

Since May 31, 2017, it had 0 insider buys, and 1 sale for $91,476 activity.

Analysts await Modine Manufacturing Co. (NYSE:MOD) to report earnings on November, 7. They expect $0.21 earnings per share, up 2,200.00 % or $0.22 from last year’s $-0.01 per share. MOD’s profit will be $10.55M for 24.64 P/E if the $0.21 EPS becomes a reality. After $0.39 actual earnings per share reported by Modine Manufacturing Co. for the previous quarter, Wall Street now forecasts -46.15 % negative EPS growth. The stock decreased 0.84% or $0.17 on October 13, reaching $20.7. About 262,648 shares traded or 14.31% up from the average. Modine Manufacturing Co. (NYSE:MOD) has risen 17.98% since October 15, 2016 and is uptrending. It has outperformed by 1.28% the S&P500.

Modine Manufacturing Co. (NYSE:MOD) Ratings Coverage

Among 4 analysts covering Modine Manufacturing (NYSE:MOD), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Modine Manufacturing had 7 analyst reports since August 4, 2015 according to SRatingsIntel. Seaport Global upgraded the shares of MOD in report on Thursday, March 24 to “Buy” rating. The stock has “Hold” rating by ValuEngine on Monday, May 29. On Tuesday, August 4 the stock rating was downgraded by Zacks to “Hold”. As per Friday, May 26, the company rating was maintained by Robert W. Baird. The rating was maintained by Robert W. Baird on Tuesday, September 5 with “Buy”. Gabelli initiated Modine Manufacturing Co. (NYSE:MOD) rating on Tuesday, January 31. Gabelli has “Buy” rating and $22 target.

Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on-highway and off-highway original equipment maker vehicular applications, and for sale into an array of building, industrial and refrigeration markets. The company has market cap of $1.04 billion. The Company’s products include radiators and radiator cores, exhaust gas recirculation coolers, building heating, ventilating and air conditioning (HVAC) equipment, and coils. It has a 45.6 P/E ratio. The Company’s divisions include Americas, Europe, Asia and Building HVAC.

More notable recent Modine Manufacturing Co. (NYSE:MOD) news were published by: Prnewswire.com which released: “Modine Completes Acquisition of Luvata Heat Transfer Solutions” on November 30, 2016, also Prnewswire.com with their article: “Modine Announces Termination of Public Offering of Common Stock” published on August 10, 2017, Seekingalpha.com published: “Modine Manufacturing’s (MOD) CEO Thomas Burke on Q4 2017 Results - Earnings …” on May 25, 2017. More interesting news about Modine Manufacturing Co. (NYSE:MOD) were released by: Prnewswire.com and their article: “Modine Innovation Tour To Travel to Nashville, Tennessee” published on October 20, 2016 as well as Prnewswire.com‘s news article titled: “Modine to Host Second Quarter Fiscal 2017 Earnings Conference Call on November …” with publication date: October 19, 2016.

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