FY2025 Earnings Estimate for MOD Issued By DA Davidson

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

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

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

Modine Manufacturing Trading Down 4.6 %

Shares of MOD stock opened at $92.97 on Friday. The business’s fifty day moving average price is $118.94 and its 200 day moving average price is $120.38. Modine Manufacturing has a 1-year low of $73.58 and a 1-year high of $146.84. The firm has a market capitalization of $4.89 billion, a PE ratio of 31.20, a P/E/G ratio of 0.75 and a beta of 2.31. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.87 and a quick ratio of 1.09.

Institutional Trading of Modine Manufacturing

Institutional investors and hedge funds have recently made changes to their positions in the stock. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Modine Manufacturing by 567.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 227 shares of the auto parts company’s stock valued at $27,000 after acquiring an additional 193 shares in the last quarter. Principal Securities Inc. lifted its position in shares of Modine Manufacturing by 97.8% in the fourth quarter. Principal Securities Inc. now owns 544 shares of the auto parts company’s stock valued at $63,000 after acquiring an additional 269 shares in the last quarter. Private Trust Co. NA lifted its position in shares of Modine Manufacturing by 650.5% in the third quarter. Private Trust Co. NA now owns 773 shares of the auto parts company’s stock valued at $103,000 after acquiring an additional 670 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Modine Manufacturing by 90.9% during the third quarter. Farther Finance Advisors LLC now owns 1,031 shares of the auto parts company’s stock worth $137,000 after buying an additional 491 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in Modine Manufacturing by 6.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,353 shares of the auto parts company’s stock worth $157,000 after buying an additional 82 shares during the period. 95.23% of the stock is currently owned by hedge funds and other institutional investors.

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.