Analysts expect Modine Manufacturing Company (NYSE:MOD) to announce $0.29 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Modine Manufacturing’s earnings, with the lowest EPS estimate coming in at $0.28 and the highest estimate coming in at $0.29. Modine Manufacturing posted earnings of $0.21 per share during the same quarter last year, which would suggest a positive year over year growth rate of 38.1%. The business is expected to issue its next earnings report on Monday, February 5th.
On average, analysts expect that Modine Manufacturing will report full year earnings of $1.43 per share for the current fiscal year, with EPS estimates ranging from $1.40 to $1.45. For the next fiscal year, analysts anticipate that the business will post earnings of $1.58 per share, with EPS estimates ranging from $1.55 to $1.59. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Modine Manufacturing.
Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings results on Tuesday, October 31st. The auto parts company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.14. The business had revenue of $508.30 million during the quarter, compared to the consensus estimate of $466.33 million. Modine Manufacturing had a net margin of 2.29% and a return on equity of 14.94%. The business’s revenue was up 60.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.01) EPS.
A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Modine Manufacturing from a “hold” rating to a “strong-buy” rating and set a $24.00 price target for the company in a report on Wednesday, October 11th. BidaskClub upgraded shares of Modine Manufacturing from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. TheStreet upgraded shares of Modine Manufacturing from a “c” rating to a “b-” rating in a report on Tuesday, August 1st. Finally, ValuEngine upgraded shares of Modine Manufacturing from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, two have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $24.00.
In related news, insider Thomas Andrew Burke sold 84,980 shares of Modine Manufacturing stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $16.19, for a total value of $1,375,826.20. Following the completion of the sale, the insider now owns 454,673 shares in the company, valued at approximately $7,361,155.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.42% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of MOD. Wedge Capital Management L L P NC acquired a new stake in Modine Manufacturing in the 2nd quarter valued at approximately $16,405,000. Phocas Financial Corp. boosted its position in Modine Manufacturing by 108.3% in the 2nd quarter. Phocas Financial Corp. now owns 776,539 shares of the auto parts company’s stock valued at $12,852,000 after buying an additional 403,805 shares during the period. Dimensional Fund Advisors LP boosted its position in Modine Manufacturing by 12.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,576,667 shares of the auto parts company’s stock valued at $43,633,000 after buying an additional 394,754 shares during the period. Clearbridge Investments LLC purchased a new position in Modine Manufacturing in the 1st quarter valued at approximately $4,420,000. Finally, Vanguard Group Inc. boosted its position in Modine Manufacturing by 8.3% in the 1st quarter. Vanguard Group Inc. now owns 3,817,668 shares of the auto parts company’s stock valued at $46,576,000 after buying an additional 293,629 shares during the period. Hedge funds and other institutional investors own 81.13% of the company’s stock.
Shares of Modine Manufacturing (NYSE MOD) traded up $0.05 during midday trading on Tuesday, hitting $23.50. 410,661 shares of the stock were exchanged, compared to its average volume of 323,979. The firm has a market cap of $1,183.04, a P/E ratio of 17.94 and a beta of 1.20. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.25 and a quick ratio of 0.86. Modine Manufacturing has a fifty-two week low of $9.25 and a fifty-two week high of $23.60.
Modine Manufacturing Company Profile
Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on-highway and off-highway original equipment manufacturer (OEM) vehicular applications, and for sale into an array of building, industrial and refrigeration markets. The Company’s products include radiators and radiator cores, exhaust gas recirculation coolers, building heating, ventilating and air conditioning (HVAC) equipment, and coils.
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