DA Davidson Has Bullish Forecast for MOD FY2025 Earnings

Modine Manufacturing (NYSE:MOD - Free Report) - Investment analysts at DA Davidson increased their FY2025 EPS estimates for shares of Modine Manufacturing in a report released on Wednesday, February 12th. DA Davidson analyst M. Summerville now forecasts that the auto parts company will post earnings of $3.92 per share for the year, up from their prior estimate of $3.82. The consensus estimate for Modine Manufacturing's current full-year earnings is $3.85 per share.

Modine Manufacturing (NYSE:MOD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The auto parts company reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.13. Modine Manufacturing had a net margin of 6.31% and a return on equity of 24.25%.

Separately, Oppenheimer upped their target price on shares of Modine Manufacturing from $144.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st.

Modine Manufacturing Stock Down 0.6 %

Shares of NYSE MOD traded down $0.55 during trading on Friday, hitting $92.13. The stock had a trading volume of 2,026,396 shares, compared to its average volume of 1,319,995. Modine Manufacturing has a 12 month low of $75.23 and a 12 month high of $146.84. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.87 and a quick ratio of 1.09. The company has a market capitalization of $4.84 billion, a PE ratio of 30.92, a PEG ratio of 0.75 and a beta of 2.31. The firm has a fifty day moving average of $116.34 and a two-hundred day moving average of $120.15.

Hedge Funds Weigh In On Modine Manufacturing

Institutional investors have recently added to or reduced their stakes in the stock. Skandinaviska Enskilda Banken AB publ grew its position in Modine Manufacturing by 567.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 227 shares of the auto parts company's stock valued at $27,000 after buying an additional 193 shares during the period. Principal Securities Inc. lifted its holdings in Modine Manufacturing by 97.8% during the fourth quarter. Principal Securities Inc. now owns 544 shares of the auto parts company's stock valued at $63,000 after purchasing an additional 269 shares during the last quarter. Private Trust Co. NA lifted its holdings in Modine Manufacturing by 650.5% during the third quarter. Private Trust Co. NA now owns 773 shares of the auto parts company's stock valued at $103,000 after purchasing an additional 670 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Modine Manufacturing by 90.9% in the third quarter. Farther Finance Advisors LLC now owns 1,031 shares of the auto parts company's stock worth $137,000 after buying an additional 491 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Modine Manufacturing by 6.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,353 shares of the auto parts company's stock worth $157,000 after buying an additional 82 shares in the last quarter. Institutional investors own 95.23% of the company's stock.

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.