Q1 Earnings Estimate for MOD Issued By B. Riley

Modine Manufacturing (NYSE:MOD - Free Report) - Stock analysts at B. Riley issued their Q1 2026 earnings estimates for shares of Modine Manufacturing in a research note issued on Tuesday, May 27th. B. Riley analyst J. Van. Sinderen expects that the auto parts company will post earnings of $0.96 per share for the quarter. 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 Q2 2026 earnings at $1.09 EPS, Q3 2026 earnings at $1.06 EPS, Q4 2026 earnings at $1.29 EPS, FY2026 earnings at $4.40 EPS and FY2027 earnings at $5.67 EPS.

Modine Manufacturing (NYSE:MOD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The auto parts company reported $1.12 EPS for the quarter, beating the consensus estimate of $0.96 by $0.16. Modine Manufacturing had a net margin of 6.31% and a return on equity of 24.25%. The company had revenue of $647.20 million during the quarter, compared to analysts' expectations of $633.13 million. During the same quarter in the previous year, the company earned $0.77 earnings per share. Modine Manufacturing's revenue for the quarter was up 7.2% on a year-over-year basis.

Several other brokerages have also issued reports on MOD. DA Davidson reiterated a "buy" rating and issued a $155.00 target price on shares of Modine Manufacturing in a research report on Monday, March 17th. Oppenheimer upped their price objective on Modine Manufacturing from $114.00 to $121.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd.

Modine Manufacturing Price Performance

Shares of NYSE:MOD traded down $0.74 during trading on Wednesday, reaching $90.75. The company had a trading volume of 770,395 shares, compared to its average volume of 949,227. The company has a fifty day moving average of $85.40 and a two-hundred day moving average of $102.59. The company has a current ratio of 1.87, a quick ratio of 1.18 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $4.75 billion, a P/E ratio of 30.45, a price-to-earnings-growth ratio of 0.71 and a beta of 2.08. Modine Manufacturing has a 12 month low of $64.79 and a 12 month high of $146.84.

Institutional Investors Weigh In On Modine Manufacturing

Several institutional investors have recently bought and sold shares of MOD. Vanguard Group Inc. grew its stake in shares of Modine Manufacturing by 2.5% in the first 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 raised its position in shares of Modine Manufacturing by 293.7% in the 1st 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 last quarter. Invesco Ltd. boosted its stake in Modine Manufacturing by 1.0% in the 4th quarter. Invesco Ltd. now owns 2,012,533 shares of the auto parts company's stock worth $233,313,000 after purchasing an additional 20,085 shares in the last quarter. Driehaus Capital Management LLC grew its position in Modine Manufacturing by 2.8% during 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 during the last quarter. Finally, Wasatch Advisors LP grew its position in Modine Manufacturing by 108.0% during 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 currently owned by hedge funds and other institutional investors.

Insider Activity at Modine Manufacturing

In related news, Director William A. Wulfsohn acquired 2,530 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were purchased at an average price of $79.43 per share, for a total transaction of $200,957.90. Following the completion of the acquisition, the director now owns 7,277 shares in the company, valued at approximately $578,012.11. This represents a 53.30% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 2.40% of the stock is owned by insiders.

Modine Manufacturing declared that its Board of Directors has initiated a stock repurchase program on Friday, March 7th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the auto parts company to purchase up to 2.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board believes its shares are undervalued.

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.