Equities research analysts expect Modine Manufacturing Company (NYSE:MOD) to post sales of $466.28 million for the current quarter, Zacks reports. Two analysts have made estimates for Modine Manufacturing’s earnings, with the highest sales estimate coming in at $476.25 million and the lowest estimate coming in at $456.30 million. Modine Manufacturing posted sales of $349.80 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 33.3%. The firm is scheduled to issue its next quarterly earnings report on Monday, February 5th.

According to Zacks, analysts expect that Modine Manufacturing will report full-year sales of $466.28 million for the current financial year, with estimates ranging from $1.97 billion to $2.01 billion. For the next fiscal year, analysts forecast that the company will report sales of $2.11 billion per share, with estimates ranging from $2.08 billion to $2.13 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Modine Manufacturing.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings results on Tuesday, October 31st. The auto parts company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.14. Modine Manufacturing had a return on equity of 14.94% and a net margin of 2.29%. The firm had revenue of $508.30 million for the quarter, compared to analysts’ expectations of $466.33 million. During the same period in the prior year, the business posted ($0.01) earnings per share. The business’s revenue was up 60.0% compared to the same quarter last year.

A number of analysts have weighed in on MOD shares. Zacks Investment Research upgraded Modine Manufacturing from a “hold” rating to a “strong-buy” rating and set a $24.00 price target on the stock in a research report on Wednesday, October 11th. ValuEngine cut Modine Manufacturing from a “strong-buy” rating to a “buy” rating in a report on Monday, December 4th. Finally, BidaskClub cut Modine Manufacturing from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. Modine Manufacturing presently has a consensus rating of “Hold” and a consensus price target of $24.00.

In related news, VP Scott D. Wollenberg sold 6,414 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $23.55, for a total value of $151,049.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Holger Schwab sold 7,572 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $22.62, for a total value of $171,278.64. Following the completion of the transaction, the vice president now owns 50,159 shares in the company, valued at approximately $1,134,596.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,508 shares of company stock worth $557,019. 4.42% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. Algert Global LLC acquired a new position in Modine Manufacturing in the third quarter valued at about $1,922,000. Keeley Teton Advisors LLC acquired a new position in Modine Manufacturing in the third quarter valued at about $5,164,000. Royce & Associates LP lifted its stake in Modine Manufacturing by 2.5% in the third quarter. Royce & Associates LP now owns 1,164,000 shares of the auto parts company’s stock valued at $22,407,000 after buying an additional 28,000 shares during the period. Stifel Financial Corp lifted its stake in Modine Manufacturing by 17.1% in the third quarter. Stifel Financial Corp now owns 844,768 shares of the auto parts company’s stock valued at $16,261,000 after buying an additional 123,470 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Modine Manufacturing by 2.5% in the third quarter. Dimensional Fund Advisors LP now owns 3,997,909 shares of the auto parts company’s stock valued at $76,960,000 after buying an additional 95,915 shares during the period. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Modine Manufacturing (MOD) opened at $21.15 on Friday. Modine Manufacturing has a 1 year low of $10.10 and a 1 year high of $23.95. The firm has a market capitalization of $1,064.73, a price-to-earnings ratio of 16.15 and a beta of 1.22. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.25 and a quick ratio of 0.87.

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Modine Manufacturing Company Profile

Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on-highway and off-highway original equipment manufacturer (OEM) vehicular applications, and for sale into an array of building, industrial and refrigeration markets. The Company’s products include radiators and radiator cores, exhaust gas recirculation coolers, building heating, ventilating and air conditioning (HVAC) equipment, and coils.

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Earnings History and Estimates for Modine Manufacturing (NYSE:MOD)

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