Brokerages Anticipate Modine Manufacturing Co. (MOD) to Announce $0.41 EPS

Brokerages forecast that Modine Manufacturing Co. (NYSE:MOD) will announce $0.41 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Modine Manufacturing’s earnings, with estimates ranging from $0.40 to $0.41. Modine Manufacturing reported earnings of $0.35 per share in the same quarter last year, which suggests a positive year over year growth rate of 17.1%. The firm is scheduled to announce its next earnings report on Wednesday, May 23rd.

On average, analysts expect that Modine Manufacturing will report full year earnings of $1.50 per share for the current financial year, with EPS estimates ranging from $1.49 to $1.52. For the next year, analysts expect that the business will report earnings of $1.75 per share, with EPS estimates ranging from $1.65 to $1.83. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Modine Manufacturing.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings results on Tuesday, January 30th. The auto parts company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.06. Modine Manufacturing had a net margin of 0.62% and a return on equity of 16.54%. The business had revenue of $512.70 million during the quarter, compared to analysts’ expectations of $456.30 million. During the same period last year, the business earned $0.21 earnings per share. The business’s revenue for the quarter was up 46.6% on a year-over-year basis.

A number of equities research analysts have weighed in on MOD shares. Zacks Investment Research cut shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. ValuEngine lowered shares of Modine Manufacturing from a “strong-buy” rating to a “buy” rating in a research note on Monday, December 4th.

In other news, VP Matthew J. Mcburney sold 3,522 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $22.97, for a total value of $80,900.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Thomas F. Marry sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $21.97, for a total transaction of $153,790.00. The disclosure for this sale can be found here. In the last three months, insiders sold 42,327 shares of company stock valued at $916,526. Insiders own 4.42% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Keeley Teton Advisors LLC lifted its stake in Modine Manufacturing by 70.9% in the fourth quarter. Keeley Teton Advisors LLC now owns 458,581 shares of the auto parts company’s stock worth $9,263,000 after acquiring an additional 190,301 shares during the last quarter. Thrivent Financial For Lutherans lifted its stake in Modine Manufacturing by 42.3% in the fourth quarter. Thrivent Financial For Lutherans now owns 388,768 shares of the auto parts company’s stock worth $7,854,000 after acquiring an additional 115,608 shares during the last quarter. USA Financial Portformulas Corp purchased a new position in Modine Manufacturing in the fourth quarter worth approximately $546,000. Investors Research Corp purchased a new position in Modine Manufacturing in the fourth quarter worth approximately $345,000. Finally, Quadrature Capital Ltd purchased a new position in Modine Manufacturing in the fourth quarter worth approximately $421,000. 78.39% of the stock is owned by institutional investors and hedge funds.

Shares of Modine Manufacturing (NYSE MOD) traded down $0.10 on Wednesday, hitting $22.80. 99,481 shares of the company’s stock were exchanged, compared to its average volume of 411,980. Modine Manufacturing has a 1-year low of $10.10 and a 1-year high of $24.90. The firm has a market capitalization of $1,168.18, a PE ratio of 95.00 and a beta of 1.34. The company has a current ratio of 1.24, a quick ratio of 0.85 and a debt-to-equity ratio of 0.84.

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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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