Modine Manufacturing (MOD) Set to Announce Earnings on Tuesday

Modine Manufacturing (NYSE:MOD - Get Free Report) will be announcing its earnings results after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.93 per share for the quarter. Modine Manufacturing has set its FY 2025 guidance at 3.650-3.950 EPS.Investors interested in listening to the company's conference call can do so using this link.

Modine Manufacturing (NYSE:MOD - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The auto parts company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.18. The business had revenue of $661.50 million during the quarter, compared to analysts' expectations of $633.55 million. Modine Manufacturing had a return on equity of 24.92% and a net margin of 6.70%. The firm's revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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 Stock Performance

MOD traded down $1.64 during midday trading on Tuesday, reaching $128.89. The company's stock had a trading volume of 564,396 shares, compared to its average volume of 858,071. The company has a current ratio of 1.80, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51. The company has a fifty day simple moving average of $120.77 and a 200 day simple moving average of $107.01. The stock has a market cap of $6.75 billion, a P/E ratio of 42.54, a PEG ratio of 1.02 and a beta of 2.22. Modine Manufacturing has a twelve month low of $38.50 and a twelve month high of $141.72.

Insiders Place Their Bets

In related news, Director Marsha C. Williams sold 34,400 shares of Modine Manufacturing stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $109.74, for a total transaction of $3,775,056.00. Following the completion of the transaction, the director now directly owns 144,038 shares of the company's stock, valued at $15,806,730.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.40% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on MOD. DA Davidson raised their price objective on shares of Modine Manufacturing from $140.00 to $155.00 and gave the stock a "buy" rating in a research note on Tuesday, September 24th. William Blair initiated coverage on shares of Modine Manufacturing in a research report on Monday, July 29th. They set an "outperform" rating for the company. Oppenheimer increased 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. Finally, B. Riley boosted their price target on 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 data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $146.33.

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.