Modine Manufacturing (MOD) Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Modine Manufacturing in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MOD shares.
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4 Wall Street analysts have issued 1 year price targets for Modine Manufacturing's stock. Their MOD share price forecasts range from $32.00 to $55.00. On average, they expect the company's share price to reach $43.33 in the next twelve months. This suggests that the stock has a possible downside of 5.0%.
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Modine Manufacturing's stock was trading at $19.86 at the beginning of 2023. Since then, MOD shares have increased by 129.7% and is now trading at $45.61.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
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Modine Manufacturing (NYSE:MOD) posted its earnings results on Wednesday, August, 2nd. The auto parts company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.42. The auto parts company earned $622.40 million during the quarter, compared to analysts' expectations of $563.10 million. Modine Manufacturing had a trailing twelve-month return on equity of 23.96% and a net margin of 7.72%.

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

Modine Manufacturing updated its FY 2024 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.44 billion-$2.55 billion, compared to the consensus revenue estimate of $2.47 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "MOD."

Modine Manufacturing's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.59%), Dimensional Fund Advisors LP (7.34%), Frontier Capital Management Co. LLC (6.98%), Gamco Investors INC. ET AL (5.31%), Principal Financial Group Inc. (5.05%) and Paradigm Capital Management Inc. NY (4.55%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MOD stock can currently be purchased for approximately $45.61.

Modine Manufacturing (NYSE:MOD) has a market capitalization of $2.39 billion and generates $2.30 billion in revenue each year. The auto parts company earns $153.10 million in net income (profit) each year or $3.46 on an earnings per share basis.

The company employs 11,300 workers across the globe.

Modine Manufacturing's mailing address is 1500 DEKOVEN AVE, RACINE WI, 53403. The official website for the company is www.modine.com. The auto parts company can be reached via phone at (262) 636-1200, via email at k.t.powers@na.modine.com, or via fax at 262-636-1424.