Modine Manufacturing (NYSE:MOD) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Modine Manufacturing (NYSE:MOD) announced its quarterly earnings results on Tuesday. The auto parts company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.92 by $0.05, Briefing.com reports. Modine Manufacturing had a return on equity of 24.79% and a net margin of 6.59%. The business had revenue of $658.00 million for the quarter, compared to analyst estimates of $646.86 million. During the same quarter in the previous year, the company earned $0.89 EPS. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Modine Manufacturing updated its FY 2025 guidance to 3.650-3.950 EPS.

Modine Manufacturing Price Performance

NYSE:MOD traded down $4.23 during trading hours on Friday, reaching $113.54. 375,705 shares of the company’s stock were exchanged, compared to its average volume of 855,683. The company has a market capitalization of $5.95 billion, a P/E ratio of 38.61, a price-to-earnings-growth ratio of 0.92 and a beta of 2.22. Modine Manufacturing has a 12 month low of $39.50 and a 12 month high of $141.72. The company has a quick ratio of 1.11, a current ratio of 1.80 and a debt-to-equity ratio of 0.51. The business’s 50-day simple moving average is $123.01 and its two-hundred day simple moving average is $108.39.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MOD shares. DA Davidson boosted their price target on Modine Manufacturing from $140.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. William Blair assumed coverage on shares of Modine Manufacturing in a research report on Monday, July 29th. They issued an “outperform” rating for the company. Oppenheimer upped their price objective on shares of Modine Manufacturing from $144.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, B. Riley upped their target price on shares of Modine Manufacturing from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $146.67.

Insider Activity at Modine Manufacturing

In related news, Director Marsha C. Williams sold 34,400 shares of the company’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 value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.40% of the stock is owned by insiders.

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.