Modine Manufacturing (NYSE:MOD) Releases Earnings Results, Beats Expectations By $0.04 EPS

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

Modine Manufacturing Stock Down 2.6 %

Shares of MOD traded down $3.43 during trading hours on Wednesday, hitting $126.88. 1,154,806 shares of the company were exchanged, compared to its average volume of 854,125. The company has a market cap of $6.65 billion, a PE ratio of 42.76, a PEG ratio of 0.98 and a beta of 2.22. The firm’s 50 day moving average is $122.75 and its 200-day moving average is $108.24. Modine Manufacturing has a 52 week low of $38.82 and a 52 week high of $141.72. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.11 and a current ratio of 1.80.

Analyst Ratings Changes

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

Insider Transactions at Modine Manufacturing

In other news, Director Marsha C. Williams sold 34,400 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was 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 in the company, valued at approximately $15,806,730.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.40% of the stock is currently owned by corporate 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.