Modine Manufacturing (NYSE:MOD) Issues FY 2025 Earnings Guidance

Modine Manufacturing (NYSE:MOD) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 3.550-3.850 for the period, compared to the consensus earnings per share estimate of 3.810. The company issued revenue guidance of $2.5 billion-$2.6 billion, compared to the consensus revenue estimate of $2.6 billion. Modine Manufacturing also updated its FY25 guidance to $3.55-3.85 EPS.

Modine Manufacturing Trading Down 0.8 %

MOD opened at $101.50 on Wednesday. The stock has a market capitalization of $5.30 billion, a P/E ratio of 23.94, a P/E/G ratio of 0.78 and a beta of 2.28. Modine Manufacturing has a 12 month low of $19.53 and a 12 month high of $109.53. The firm’s fifty day simple moving average is $95.34 and its 200 day simple moving average is $75.04. The company has a current ratio of 1.93, a quick ratio of 1.21 and a debt-to-equity ratio of 0.43.

Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings data on Tuesday, May 21st. The auto parts company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.02). Modine Manufacturing had a net margin of 9.31% and a return on equity of 25.28%. The company had revenue of $603.50 million during the quarter, compared to the consensus estimate of $605.44 million. During the same period in the prior year, the firm posted $0.67 earnings per share. The company’s revenue was down 2.4% compared to the same quarter last year. As a group, research analysts anticipate that Modine Manufacturing will post 3.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Modine Manufacturing

In other news, CFO Michael B. Lucareli sold 82,312 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $90.33, for a total transaction of $7,435,242.96. Following the completion of the sale, the chief financial officer now owns 194,587 shares of the company’s stock, valued at approximately $17,577,043.71. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Modine Manufacturing news, VP Brian Jon Agen sold 16,799 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $95.64, for a total value of $1,606,656.36. Following the completion of the transaction, the vice president now directly owns 102,409 shares in the company, valued at approximately $9,794,396.76. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Michael B. Lucareli sold 82,312 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $90.33, for a total transaction of $7,435,242.96. Following the completion of the transaction, the chief financial officer now owns 194,587 shares of the company’s stock, valued at $17,577,043.71. The disclosure for this sale can be found here. Insiders sold 113,336 shares of company stock valued at $10,330,115 in the last quarter. Company insiders own 2.86% of the company’s stock.

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.