FY2025 Earnings Estimate for MOD Issued By DA Davidson

Modine Manufacturing (NYSE:MOD) – Investment analysts at DA Davidson increased their FY2025 earnings per share (EPS) estimates for Modine Manufacturing in a research note issued on Wednesday, February 12th. DA Davidson analyst M. Summerville now expects that the auto parts company will post earnings of $3.92 per share for the year, up from their previous forecast of $3.82. The consensus estimate for Modine Manufacturing’s current full-year earnings is $3.85 per share.

Separately, Oppenheimer boosted their price objective on Modine Manufacturing from $144.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st.

Modine Manufacturing Price Performance

MOD stock opened at $92.97 on Friday. The business has a 50 day moving average price of $118.94 and a 200 day moving average price of $120.38. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of 31.20, a PEG ratio of 0.75 and a beta of 2.31. Modine Manufacturing has a fifty-two week low of $73.58 and a fifty-two week high of $146.84. The company has a quick ratio of 1.09, a current ratio of 1.87 and a debt-to-equity ratio of 0.38.

Modine Manufacturing (NYSE:MOD) last posted its earnings results on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.13. Modine Manufacturing had a return on equity of 24.25% and a net margin of 6.31%.

Institutional Investors Weigh In On Modine Manufacturing

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its holdings in shares of Modine Manufacturing by 51.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,439 shares of the auto parts company’s stock valued at $283,000 after purchasing an additional 826 shares during the period. MetLife Investment Management LLC increased its holdings in shares of Modine Manufacturing by 6.8% in the fourth quarter. MetLife Investment Management LLC now owns 31,240 shares of the auto parts company’s stock valued at $3,622,000 after purchasing an additional 1,987 shares during the period. Natixis acquired a new position in shares of Modine Manufacturing in the fourth quarter valued at approximately $6,701,000. Capital World Investors increased its holdings in shares of Modine Manufacturing by 8.2% in the fourth quarter. Capital World Investors now owns 591,174 shares of the auto parts company’s stock valued at $68,535,000 after purchasing an additional 44,796 shares during the period. Finally, Covalis Capital LLP acquired a new position in shares of Modine Manufacturing in the fourth quarter valued at approximately $5,985,000. Hedge funds and other 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.