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

Modine Manufacturing (NYSE:MOD) posted its quarterly earnings results on Tuesday. The auto parts company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.04, Briefing.com reports. The firm had revenue of $658.00 million for the quarter, compared to the consensus estimate of $646.86 million. Modine Manufacturing had a net margin of 6.70% and a return on equity of 24.92%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last 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 2.3 %

Shares of Modine Manufacturing stock traded down $3.01 on Wednesday, reaching $127.30. 1,132,870 shares of the company were exchanged, compared to its average volume of 854,423. Modine Manufacturing has a 1-year low of $38.82 and a 1-year high of $141.72. The stock’s 50 day moving average price is $122.75 and its 200-day moving average price is $108.24. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.80 and a quick ratio of 1.11. The company has a market cap of $6.67 billion, a P/E ratio of 42.76, a price-to-earnings-growth ratio of 0.98 and a beta of 2.22.

Insiders Place Their Bets

In other Modine Manufacturing news, Director Marsha C. Williams sold 34,400 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $109.74, for a total value of $3,775,056.00. Following the sale, the director now directly owns 144,038 shares in the company, valued at $15,806,730.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MOD has been the subject of a number of recent research reports. B. Riley increased their price objective 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. Oppenheimer upped their price objective 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. DA Davidson raised their target price on Modine Manufacturing from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Finally, William Blair began coverage on shares of Modine Manufacturing in a research note on Monday, July 29th. They issued an “outperform” rating on the stock. One investment 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $146.33.

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.