Modine Manufacturing (NYSE:MOD) Issues FY25 Earnings Guidance

Modine Manufacturing (NYSE:MODGet Free Report) updated its FY25 earnings guidance on Tuesday. The company provided EPS guidance of $3.55-3.85 for the period, compared to the consensus EPS estimate of $3.81. The company issued revenue guidance of $2.53-2.65 billion, compared to the consensus revenue estimate of $2.59 billion. Modine Manufacturing also updated its FY 2025 guidance to 3.550-3.850 EPS.

Modine Manufacturing Trading Down 4.5 %

Shares of MOD opened at $96.93 on Thursday. Modine Manufacturing has a 52-week low of $19.53 and a 52-week high of $109.53. The company has a quick ratio of 1.21, a current ratio of 1.93 and a debt-to-equity ratio of 0.43. The firm’s fifty day moving average is $95.62 and its two-hundred day moving average is $75.19. The stock has a market cap of $5.06 billion, a PE ratio of 31.99, a price-to-earnings-growth ratio of 0.77 and a beta of 2.28.

Modine Manufacturing (NYSE:MODGet Free Report) last announced its earnings results on Tuesday, May 21st. The auto parts company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.02). Modine Manufacturing had a return on equity of 25.33% and a net margin of 6.71%. The business had revenue of $603.50 million for the quarter, compared to analyst estimates of $605.44 million. During the same period last year, the firm earned $0.67 EPS. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. Research analysts forecast that Modine Manufacturing will post 3.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on MOD shares. Oppenheimer began coverage on shares of Modine Manufacturing in a research note on Tuesday, March 19th. They set an outperform rating and a $105.00 target price on the stock. B. Riley reiterated a buy rating and set a $98.00 price target (up previously from $88.00) on shares of Modine Manufacturing in a report on Tuesday, February 27th. DA Davidson reiterated a buy rating and set a $90.00 price target on shares of Modine Manufacturing in a report on Tuesday, February 27th. Finally, StockNews.com lowered Modine Manufacturing from a buy rating to a hold rating in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $97.67.

Read Our Latest Report on Modine Manufacturing

Insider Activity at Modine Manufacturing

In related news, Director Christopher William Patterson sold 14,225 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $90.56, for a total value of $1,288,216.00. Following the sale, the director now directly owns 97,517 shares in the company, valued at approximately $8,831,139.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Modine Manufacturing news, Director Christopher William Patterson sold 14,225 shares of Modine Manufacturing stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $90.56, for a total value of $1,288,216.00. Following the completion of the transaction, the director now directly owns 97,517 shares of the company’s stock, valued at approximately $8,831,139.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael B. Lucareli sold 82,312 shares of Modine Manufacturing stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $90.33, for a total value of $7,435,242.96. Following the completion of the transaction, the chief financial officer now directly owns 194,587 shares of the company’s stock, valued at $17,577,043.71. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 113,336 shares of company stock worth $10,330,115. Company insiders own 2.86% of the company’s stock.

Modine Manufacturing Company Profile

(Get Free Report)

Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications. It operates through Climate Solutions and Performance Technologies segments. The company offers gas-fired, hydronic, electric, and oil-fired unit heaters; indoor and outdoor duct furnaces; infrared units; perimeter heating products, such as commercial fin-tube radiation, cabinet unit heaters, and convectors; roof-mounted direct- and indirect-fired makeup air units; unit ventilators; single packaged vertical units; precision air conditioning units for data center applications; air handler units; fan walls; chillers; ceiling cassettes; hybrid fan coils; and condensers and condensing units.

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

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