Modine Manufacturing (MOD) to Release Earnings on Tuesday

Modine Manufacturing (NYSE:MOD) will be releasing its earnings data after the market closes on Tuesday, October 29th. Analysts expect Modine Manufacturing to post earnings of $0.93 per share for the quarter. Modine Manufacturing has set its FY 2025 guidance at 3.650-3.950 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Modine Manufacturing (NYSE:MOD) last issued its earnings results on Tuesday, July 30th. The auto parts company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.18. The company had revenue of $661.50 million during the quarter, compared to analyst estimates of $633.55 million. Modine Manufacturing had a net margin of 6.70% and a return on equity of 24.92%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. On average, analysts expect Modine Manufacturing to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Modine Manufacturing Trading Up 2.1 %

Shares of NYSE:MOD opened at $127.25 on Friday. The firm has a fifty day moving average of $121.89 and a two-hundred day moving average of $107.49. The firm has a market capitalization of $6.67 billion, a P/E ratio of 41.59, a price-to-earnings-growth ratio of 0.98 and a beta of 2.22. Modine Manufacturing has a 12-month low of $38.50 and a 12-month high of $141.72. The company has a quick ratio of 1.11, a current ratio of 1.80 and a debt-to-equity ratio of 0.51.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MOD. Oppenheimer lifted their target price on shares of Modine Manufacturing from $135.00 to $144.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. DA Davidson lifted their target price on shares of Modine Manufacturing from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. William Blair began coverage on shares of Modine Manufacturing in a research note on Monday, July 29th. They set an “outperform” rating for the company. Finally, B. Riley lifted their target price on shares of Modine Manufacturing from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $146.33.

Insider Activity at Modine Manufacturing

In related news, Director Marsha C. Williams sold 34,400 shares of Modine Manufacturing stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $109.74, for a total value of $3,775,056.00. Following the completion of the sale, the director now owns 144,038 shares of the company’s stock, valued at approximately $15,806,730.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.40% of the stock is owned by company insiders.

Modine Manufacturing Company Profile

Modine Manufacturing Company provides thermal management products and solutions in the United States, Italy, Hungary, China, the United Kingdom, and internationally. It operates through Climate Solutions and Performance Technologies segments. The company offers heat transfer coils, including heat recovery and round tube plate fin coils; gas-fired, hydronic, electric and oilfired unit heaters; roof-mounted direct- and indirect-fired makeup air units; duct furnaces; infrared units; perimeter heating products; single packaged unit ventilators; modular chillers; air handler and condensing units; ceiling cassettes; evaporator unit coolers, remote condensers, fluid coolers, gas coolers, and dry and brine coolers; and motor and generator cooling coils, transformer oil coolers, radiators, dryers, and industrial heat exchangers.