Modine Manufacturing (MOD) to Release Quarterly Earnings on Tuesday

Modine Manufacturing (NYSE:MOD) will be issuing its quarterly earnings data after the market closes on Tuesday, July 30th. Analysts expect the company to announce earnings of $0.84 per share for the quarter. Modine Manufacturing has set its FY25 guidance at $3.55-3.85 EPS and its FY 2025 guidance at 3.550-3.850 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Modine Manufacturing (NYSE:MOD) last issued its earnings results on Tuesday, May 21st. The auto parts company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.02). Modine Manufacturing had a return on equity of 24.69% and a net margin of 6.71%. The company had revenue of $603.50 million for the quarter, compared to analyst estimates of $605.44 million. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. On average, analysts expect Modine Manufacturing to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Modine Manufacturing Trading Up 4.7 %

Shares of MOD opened at $104.15 on Monday. The company has a current ratio of 1.64, a quick ratio of 0.98 and a debt-to-equity ratio of 0.53. The firm’s 50-day moving average is $101.15 and its two-hundred day moving average is $91.10. Modine Manufacturing has a twelve month low of $35.12 and a twelve month high of $120.11. The firm has a market capitalization of $5.46 billion, a P/E ratio of 34.37, a PEG ratio of 0.83 and a beta of 2.27.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MOD. B. Riley restated a “buy” rating and set a $125.00 target price on shares of Modine Manufacturing in a research report on Thursday, June 27th. Oppenheimer upped their target price on shares of Modine Manufacturing from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Finally, DA Davidson increased their price target on shares of Modine Manufacturing from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 24th.

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. 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.