Modine Manufacturing (NYSE:MOD) Posts Earnings Results, Beats Estimates By $0.04 EPS

Modine Manufacturing (NYSE:MOD) posted its earnings results on Tuesday. The auto parts company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04, Briefing.com reports. The business had revenue of $658.00 million for the quarter, compared to analysts’ expectations of $646.86 million. Modine Manufacturing had a net margin of 6.70% and a return on equity of 24.92%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 earnings per share. Modine Manufacturing updated its FY 2025 guidance to 3.650-3.950 EPS.

Modine Manufacturing Stock Down 0.6 %

Shares of MOD stock traded down $0.74 during trading hours on Wednesday, hitting $129.57. 971,798 shares of the company were exchanged, compared to its average volume of 853,259. The business has a 50 day moving average of $122.75 and a two-hundred day moving average of $108.24. The company has a current ratio of 1.80, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51. Modine Manufacturing has a 52 week low of $38.82 and a 52 week high of $141.72. The company has a market capitalization of $6.79 billion, a PE ratio of 39.13, a PEG ratio of 0.98 and a beta of 2.22.

Analyst Ratings Changes

Several brokerages have weighed in on MOD. B. Riley upped their price objective on shares of Modine Manufacturing from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. William Blair assumed coverage on shares of Modine Manufacturing in a research report on Monday, July 29th. They set an “outperform” rating on the stock. DA Davidson upped their target price on shares of Modine Manufacturing from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Finally, Oppenheimer upped their target price on shares of Modine Manufacturing from $135.00 to $144.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Modine Manufacturing currently has a consensus rating of “Moderate Buy” and an average price target of $146.33.

Insider Transactions at Modine Manufacturing

In other news, Director Marsha C. Williams sold 34,400 shares of the stock in a transaction on 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 sale, the director now owns 144,038 shares of the company’s stock, valued at $15,806,730.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.40% of the stock is owned by 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.