Revenue Update on Modine Manufacturing Co.(NYSE:MOD)

Modine Manufacturing Co.(NYSE:MOD) announced the earnings results for Fiscal Year 2017 and Q3. The results came in during After-Market on Feb 6, 2017. Company reported revenue of $349.800M. Analysts estimated a revenue of $362.960M. The revenues were -3.63% below the estimates. Earnings per share were $0.21. The reported EPS was below estimates by -12.5%. Analysts had estimated an EPS of $0.24.

Modine Manufacturing Co. (MOD) shares turned negative on Tuesdays trading session with the shares closing down -1.35 points or -10.04% at a volume of 12,70,097. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $13.4. The peak price level was also seen at $13.4 while the days lowest was $11.5. Finally the shares closed at $12.1. The 52-week high of the shares is $16.35 while the 52-week low is $7.8. According to the latest information available, the market cap of the company is $578 M.

Several Insider Transactions has been reported to the SEC. On Dec 14, 2016, Thomas F Marry (Exec VP & COO) sold 19,580 shares at $15.56 per share price.Also, On Dec 12, 2016, Scott L Bowser (VP – Asia & Global Procurement) sold 7,500 shares at $15.95 per share price.On Nov 15, 2016, Christopher William Patterson (director) sold 850 shares at $11.50 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

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