Modine Manufacturing (MOD) Stock Price, News & Analysis

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Modine Manufacturing in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MOD shares.
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4 Wall Street analysts have issued twelve-month target prices for Modine Manufacturing's shares. Their MOD share price targets range from $90.00 to $105.00. On average, they anticipate the company's share price to reach $97.67 in the next twelve months. This suggests a possible upside of 8.5% from the stock's current price.
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Modine Manufacturing's stock was trading at $59.70 at the beginning of the year. Since then, MOD stock has increased by 50.8% and is now trading at $90.01.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 22nd 2024.
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Modine Manufacturing (NYSE:MOD) announced its quarterly earnings results on Tuesday, January, 30th. The auto parts company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.17. The auto parts company had revenue of $561.40 million for the quarter, compared to analysts' expectations of $594.84 million. Modine Manufacturing had a trailing twelve-month return on equity of 25.28% and a net margin of 9.31%. Modine Manufacturing's revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 earnings per share.

ETFs with the largest weight of Modine Manufacturing (NYSE:MOD) stock in their portfolio include Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (PEZ), First Trust Dow Jones Select Microcap Index Fund (FDM), Thrivent Small-Mid Cap ESG ETF (TSME), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), AlphaMark Actively Managed Small Cap ETF (SMCP), SPDR S&P Kensho Smart Mobility ETF (HAIL), iShares Micro-Cap ETF (IWC) and Invesco DWA SmallCap Momentum ETF (DWAS).

Modine Manufacturing updated its FY 2024 earnings guidance on Tuesday, January, 30th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.4 billion-$2.5 billion, compared to the consensus revenue estimate of $2.5 billion.

4 employees have rated Modine Manufacturing Chief Executive Officer Mick Lucareli on Glassdoor.com. Mick Lucareli has an approval rating of 100% among the company's employees. This puts Mick Lucareli in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Modine Manufacturing investors own include CVS Health (CVS), Gilead Sciences (GILD), Tesla (TSLA), Bank of America (BAC), Biogen (BIIB), Energy Transfer (ET), Altria Group (MO), Occidental Petroleum (OXY), AT&T (T) and Verizon Communications (VZ).

Modine Manufacturing's stock is owned by many different institutional and retail investors. Top institutional shareholders include Hennessy Advisors Inc. (1.37%), Reinhart Partners LLC. (1.20%), Congress Asset Management Co. MA (0.21%), Mountain Pacific Investment Advisers Inc. ID (0.04%), Moody National Bank Trust Division (0.02%) and Wealth Enhancement Advisory Services LLC (0.01%). Insiders that own company stock include Brian Jon Agen, Christopher William Patterson, Larry Oscar Moore, Marsha C Williams and Michael B Lucareli.
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Shares of MOD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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