Modine Manufacturing (MOD) Releases Quarterly Earnings, Beats Expectations By $0.01 EPS

Modine Manufacturing (NYSE: MOD) released its earnings data on Thursday. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01, Analyst Ratings Network.com reports. The company had revenue of $359.60 million for the quarter, compared to the consensus estimate of $361.87 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was down 7.5% on a year-over-year basis. Modine Manufacturing updated its FY14 guidance to $0.45-0.55 EPS.

A number of analysts have recently weighed in on MOD shares. Analysts at Robert W. Baird raised their price target on shares of Modine Manufacturing from $9.00 to $12.00 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Analysts at Global Hunter Securities initiated coverage on shares of Modine Manufacturing in a research note to investors on Wednesday, April 24th. They set a “neutral” rating on the stock.

Modine Manufacturing (NYSE: MOD) opened at 9.45 on Thursday. Modine Manufacturing has a 52-week low of $5.50 and a 52-week high of $9.99. The stock’s 50-day moving average is currently $9.28. The company’s market cap is $446.0 million.

Modine Manufacturing Company (NYSE: MOD) specializes in thermal management systems and components, bringing heating and cooling technology and solutions to diversified global markets.

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