Modine Manufacturing (NYSE:MOD) Announces Quarterly Earnings Results

Modine Manufacturing (NYSE:MOD) released its earnings results on Tuesday. The auto parts company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.93 by $0.04, Briefing.com reports. Modine Manufacturing had a net margin of 6.70% and a return on equity of 24.92%. The firm had revenue of $658.00 million for the quarter, compared to analyst estimates of $646.86 million. During the same period last year, the firm earned $0.89 EPS. The business’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 Price Performance

Shares of Modine Manufacturing stock traded down $0.74 during midday trading on Wednesday, hitting $129.57. 971,798 shares of the company traded hands, compared to its average volume of 853,259. The stock has a market cap of $6.79 billion, a price-to-earnings ratio of 39.13, a PEG ratio of 0.98 and a beta of 2.22. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.11 and a current ratio of 1.80. The firm’s fifty day moving average price is $122.75 and its 200-day moving average price is $108.24. Modine Manufacturing has a 12 month low of $38.82 and a 12 month high of $141.72.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MOD shares. B. Riley raised their target price on shares of Modine Manufacturing from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 1st. William Blair started coverage on shares of Modine Manufacturing in a report on Monday, July 29th. They issued an “outperform” rating on the stock. DA Davidson raised their target price on shares of Modine Manufacturing from $140.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Finally, Oppenheimer lifted their price target on shares of Modine Manufacturing from $135.00 to $144.00 and gave the company an “outperform” rating in a report on Monday, October 14th. One equities 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 stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $146.33.

Insiders Place Their Bets

In other Modine Manufacturing news, Director Marsha C. Williams sold 34,400 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 144,038 shares of the company’s stock, valued at $15,806,730.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.40% of the company’s stock.

About Modine Manufacturing

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.