Wall Street brokerages expect Modine Manufacturing Co. (NYSE:MOD) to report earnings per share (EPS) of $0.36 for the current quarter, according to Zacks. Two analysts have issued estimates for Modine Manufacturing’s earnings, with estimates ranging from $0.34 to $0.38. Modine Manufacturing reported earnings per share of $0.39 during the same quarter last year, which suggests a negative year-over-year growth rate of 7.7%. The company is expected to announce its next earnings report on Tuesday, August 7th.
On average, analysts expect that Modine Manufacturing will report full year earnings of $1.61 per share for the current fiscal year, with EPS estimates ranging from $1.59 to $1.63. For the next financial year, analysts expect that the company will post earnings of $1.94 per share, with EPS estimates ranging from $1.90 to $2.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Modine Manufacturing.
Get Modine Manufacturing alerts:Modine Manufacturing (NYSE:MOD) last issued its quarterly earnings data on Wednesday, May 23rd. The auto parts company reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.04. Modine Manufacturing had a return on equity of 16.97% and a net margin of 1.06%. The business had revenue of $566.60 million for the quarter, compared to the consensus estimate of $528.02 million. During the same period last year, the business earned $0.35 EPS. The firm’s revenue was up 16.0% compared to the same quarter last year.
A number of research analysts recently weighed in on MOD shares. Zacks Investment Research downgraded Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 4th. ValuEngine downgraded Modine Manufacturing from a “buy” rating to a “hold” rating in a research note on Friday, April 13th.
In other Modine Manufacturing news, Director Larry Oscar Moore sold 5,400 shares of Modine Manufacturing stock in a transaction that occurred on Tuesday, May 29th. The stock was sold at an average price of $17.80, for a total value of $96,120.00. Following the transaction, the director now directly owns 40,259 shares of the company’s stock, valued at approximately $716,610.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 4.48% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Swiss National Bank grew its holdings in shares of Modine Manufacturing by 3.9% during the 1st quarter. Swiss National Bank now owns 87,300 shares of the auto parts company’s stock worth $1,846,000 after purchasing an additional 3,300 shares in the last quarter. Citadel Advisors LLC grew its holdings in shares of Modine Manufacturing by 8.4% during the 4th quarter. Citadel Advisors LLC now owns 52,058 shares of the auto parts company’s stock worth $1,052,000 after purchasing an additional 4,041 shares in the last quarter. Hillsdale Investment Management Inc. grew its holdings in shares of Modine Manufacturing by 6.2% during the 1st quarter. Hillsdale Investment Management Inc. now owns 70,300 shares of the auto parts company’s stock worth $1,487,000 after purchasing an additional 4,100 shares in the last quarter. First Mercantile Trust Co. grew its holdings in shares of Modine Manufacturing by 91.4% during the 1st quarter. First Mercantile Trust Co. now owns 9,893 shares of the auto parts company’s stock worth $209,000 after purchasing an additional 4,723 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Modine Manufacturing by 0.5% during the 1st quarter. Northern Trust Corp now owns 967,982 shares of the auto parts company’s stock worth $20,472,000 after purchasing an additional 4,936 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors.
Shares of Modine Manufacturing traded down $0.25, reaching $17.95, during trading on Friday, MarketBeat Ratings reports. The company had a trading volume of 7,165 shares, compared to its average volume of 234,001. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.88 and a current ratio of 1.25. Modine Manufacturing has a one year low of $15.25 and a one year high of $25.75. The company has a market capitalization of $898.96 million, a price-to-earnings ratio of 11.85 and a beta of 1.38.
Modine Manufacturing Company Profile
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 primarily in the United States. The company operates through Americas, Europe, Asia, Commercial and Industrial Solutions, and Building HVAC segments.
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