Equities Analysts Offer Predictions for MOD FY2027 Earnings

Key Points

• B. Riley has raised its earnings estimates for Modine Manufacturing, increasing the forecast for FY2027 EPS from $5.67 to $5.72, which is significantly higher than the current consensus estimate of $3.88 per share.
• Modine Manufacturing's stock has received multiple upgrades from analysts, maintaining an average rating of "Buy" with a consensus target price of $135.50.
• The company reported $1.12 earnings per share for its recent quarter, exceeding analyst expectations, and noted a year-over-year revenue growth of 7.2%.

Modine Manufacturing Company (NYSE:MOD - Free Report) - Investment analysts at B. Riley upped their FY2027 earnings estimates for Modine Manufacturing in a research report issued on Thursday, July 24th. B. Riley analyst J. Van. Sinderen now expects that the auto parts company will post earnings per share of $5.72 for the year, up from their previous forecast of $5.67. The consensus estimate for Modine Manufacturing's current full-year earnings is $3.88 per share.

Modine Manufacturing (NYSE:MOD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The auto parts company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.96 by $0.16. The company had revenue of $647.20 million during the quarter, compared to analyst estimates of $633.13 million. Modine Manufacturing had a return on equity of 25.31% and a net margin of 7.12%. Modine Manufacturing's quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.77 EPS.

A number of other research firms have also weighed in on MOD. Oppenheimer boosted their price target on shares of Modine Manufacturing from $121.00 to $122.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 1st. KeyCorp started coverage on Modine Manufacturing in a research report on Thursday, June 12th. They issued an "overweight" rating and a $125.00 price target for the company. Finally, Wall Street Zen raised Modine Manufacturing from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $135.50.

Modine Manufacturing Price Performance

MOD stock traded up $1.79 during midday trading on Monday, reaching $105.50. The stock had a trading volume of 975,381 shares, compared to its average volume of 1,063,944. 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 1.78, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. The company's fifty day simple moving average is $95.91 and its 200 day simple moving average is $93.26. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 30.85, a price-to-earnings-growth ratio of 0.68 and a beta of 2.04.

Institutional Trading of Modine Manufacturing

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Modine Manufacturing by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 5,187,554 shares of the auto parts company's stock worth $398,145,000 after acquiring an additional 128,587 shares during the last quarter. Wellington Management Group LLP increased its stake in Modine Manufacturing by 293.7% during the first quarter. Wellington Management Group LLP now owns 2,468,788 shares of the auto parts company's stock worth $189,479,000 after purchasing an additional 1,841,640 shares during the period. Invesco Ltd. grew its stake in shares of Modine Manufacturing by 1.0% in the fourth quarter. Invesco Ltd. now owns 2,012,533 shares of the auto parts company's stock worth $233,313,000 after acquiring an additional 20,085 shares in the last quarter. Driehaus Capital Management LLC raised its position in Modine Manufacturing by 2.8% in the 4th quarter. Driehaus Capital Management LLC now owns 1,439,980 shares of the auto parts company's stock valued at $166,937,000 after purchasing an additional 39,193 shares in the last quarter. Finally, Wasatch Advisors LP increased its position in shares of Modine Manufacturing by 108.0% in the 4th quarter. Wasatch Advisors LP now owns 1,428,415 shares of the auto parts company's stock valued at $165,596,000 after purchasing an additional 741,667 shares during the last quarter. 95.23% of the stock is owned by institutional investors and hedge funds.

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.