B. Riley Issues Pessimistic Estimate for MOD Earnings

Key Points

• B. Riley has lowered its earnings estimates for Modine Manufacturing, projecting earnings per share of $1.00 for Q2 2026, a decrease from a prior estimate of $1.08.
• Despite a revision in estimates, Modine reported earnings of $1.06 per share for the last quarter, surpassing expectations and indicating a 3.2% year-over-year revenue growth.
• Analysts' ratings for Modine vary, with Oppenheimer raising its price target while Wall Street Zen downgraded the stock from "buy" to "hold."

Modine Manufacturing Company (NYSE:MOD - Free Report) - B. Riley dropped their Q2 2026 earnings per share estimates for shares of Modine Manufacturing in a note issued to investors on Friday, August 1st. B. Riley analyst J. Van. Sinderen now forecasts that the auto parts company will earn $1.00 per share for the quarter, down from their previous estimate of $1.08. The consensus estimate for Modine Manufacturing's current full-year earnings is $3.88 per share. B. Riley also issued estimates for Modine Manufacturing's FY2027 earnings at $5.79 EPS.

A number of other equities research analysts also recently weighed in on MOD. Oppenheimer raised their price objective on Modine Manufacturing from $121.00 to $122.00 and gave the company an "outperform" rating in a research report on Tuesday, July 1st. Wall Street Zen downgraded Modine Manufacturing from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, KeyCorp raised their price objective on Modine Manufacturing from $125.00 to $150.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st.

Modine Manufacturing Stock Up 1.3%

Shares of MOD traded up $1.80 during midday trading on Monday, reaching $140.34. 1,754,573 shares of the stock were exchanged, compared to its average volume of 1,539,896. Modine Manufacturing has a 52 week low of $64.79 and a 52 week high of $146.84. The company has a current ratio of 2.06, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The company's 50 day moving average is $99.21 and its two-hundred day moving average is $93.11. The company has a market capitalization of $7.37 billion, a P/E ratio of 40.21, a PEG ratio of 0.88 and a beta of 2.12.

Modine Manufacturing (NYSE:MOD - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The auto parts company reported $1.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.13. Modine Manufacturing had a return on equity of 23.90% and a net margin of 7.21%. The business had revenue of $682.80 million for the quarter, compared to the consensus estimate of $653.80 million. During the same quarter in the prior year, the company earned $1.04 EPS. The business's revenue was up 3.2% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its position in Modine Manufacturing by 63.1% during the first quarter. GAMMA Investing LLC now owns 367 shares of the auto parts company's stock valued at $28,000 after acquiring an additional 142 shares in the last quarter. Bessemer Group Inc. raised its position in Modine Manufacturing by 9,728.6% during the first quarter. Bessemer Group Inc. now owns 3,440 shares of the auto parts company's stock valued at $264,000 after acquiring an additional 3,405 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Modine Manufacturing by 159.7% during the first quarter. Janney Montgomery Scott LLC now owns 9,976 shares of the auto parts company's stock valued at $766,000 after acquiring an additional 6,134 shares in the last quarter. Wells Fargo & Company MN raised its position in Modine Manufacturing by 3.6% during the fourth quarter. Wells Fargo & Company MN now owns 322,315 shares of the auto parts company's stock valued at $37,366,000 after acquiring an additional 11,350 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Modine Manufacturing by 384.3% in the first quarter. Bank of New York Mellon Corp now owns 848,068 shares of the auto parts company's stock valued at $65,089,000 after acquiring an additional 672,960 shares in the last quarter. 95.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Michael B. Lucareli sold 80,661 shares of the firm's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $128.33, for a total value of $10,351,226.13. Following the completion of the transaction, the executive vice president directly owned 66,920 shares in the company, valued at $8,587,843.60. This trade represents a 54.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Brian Jon Agen sold 47,939 shares of the firm's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $110.50, for a total value of $5,297,259.50. Following the completion of the transaction, the vice president owned 90,015 shares of the company's stock, valued at approximately $9,946,657.50. The trade was a 34.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 134,378 shares of company stock valued at $16,312,956. Corporate insiders own 2.48% of the company's stock.

About Modine Manufacturing

Modine Manufacturing Company provides thermal management products and solutions in the United States, Italy, Hungary, China, the United Kingdom, and internationally. It operates through Climate Solutions and Performance Technologies segments. The company offers heat transfer coils, including heat recovery and round tube plate fin coils; gas-fired, hydronic, electric and oilfired unit heaters; roof-mounted direct- and indirect-fired makeup air units; duct furnaces; infrared units; perimeter heating products; single packaged unit ventilators; modular chillers; air handler and condensing units; ceiling cassettes; evaporator unit coolers, remote condensers, fluid coolers, gas coolers, and dry and brine coolers; and motor and generator cooling coils, transformer oil coolers, radiators, dryers, and industrial heat exchangers.