Modine Manufacturing Co. (MOD) Expected to Post Earnings of $0.41 Per Share

Wall Street brokerages expect Modine Manufacturing Co. (NYSE:MOD) to announce $0.41 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Modine Manufacturing’s earnings. The highest EPS estimate is $0.41 and the lowest is $0.40. Modine Manufacturing posted earnings of $0.35 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 17.1%. The company is scheduled to report its next quarterly earnings results on Wednesday, May 23rd.

On average, analysts expect that Modine Manufacturing will report full year earnings of $1.50 per share for the current year, with EPS estimates ranging from $1.49 to $1.52. For the next financial 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 an average based on a survey of sell-side analysts that that provide coverage for Modine Manufacturing.

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

Several research analysts recently issued reports on MOD shares. Zacks Investment Research raised Modine Manufacturing from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Wednesday, January 10th. ValuEngine cut Modine Manufacturing from a “strong-buy” rating to a “buy” rating in a research note on Monday, December 4th.

Modine Manufacturing (MOD) opened at $23.10 on Tuesday. The company has a market capitalization of $1,163.13, a P/E ratio of 96.25 and a beta of 1.31. Modine Manufacturing has a 52 week low of $10.10 and a 52 week high of $25.75. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.85 and a current ratio of 1.24.

In related news, VP Scott D. Wollenberg sold 10,035 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $22.76, for a total value of $228,396.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Scott L. Bowser sold 3,500 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $24.36, for a total value of $85,260.00. The disclosure for this sale can be found here. In the last three months, insiders sold 15,914 shares of company stock worth $373,251. 4.42% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in MOD. Great West Life Assurance Co. Can lifted its holdings in Modine Manufacturing by 142.7% during the third quarter. Great West Life Assurance Co. Can now owns 5,781 shares of the auto parts company’s stock worth $111,000 after buying an additional 3,399 shares during the period. Advisor Group Inc. lifted its holdings in Modine Manufacturing by 599.5% during the fourth quarter. Advisor Group Inc. now owns 6,750 shares of the auto parts company’s stock worth $136,000 after buying an additional 5,785 shares during the period. SG Americas Securities LLC purchased a new stake in Modine Manufacturing during the third quarter worth $152,000. Trexquant Investment LP purchased a new stake in Modine Manufacturing during the third quarter worth $222,000. Finally, Investors Research Corp purchased a new stake in Modine Manufacturing during the fourth quarter worth $345,000. 84.66% of the stock is currently owned by institutional investors.

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About Modine Manufacturing

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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