Modine Manufacturing - MOD Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Modine Manufacturing in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MOD shares.
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3 Wall Street research analysts have issued 12-month price targets for Modine Manufacturing's shares. Their MOD share price forecasts range from $32.00 to $35.00. On average, they expect the company's share price to reach $33.50 in the next twelve months. This suggests a possible upside of 53.7% from the stock's current price.
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Modine Manufacturing's stock was trading at $19.86 at the beginning of the year. Since then, MOD stock has increased by 9.8% and is now trading at $21.80.
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Modine Manufacturing saw a decrease in short interest during the month of February. As of February 28th, there was short interest totaling 1,250,000 shares, a decrease of 12.6% from the February 13th total of 1,430,000 shares. Based on an average daily trading volume, of 467,200 shares, the short-interest ratio is currently 2.7 days. Currently, 2.5% of the shares of the company are short sold.
View Modine Manufacturing's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 24th 2023.
View our MOD earnings forecast.

Modine Manufacturing (NYSE:MOD) announced its quarterly earnings data on Thursday, February, 2nd. The auto parts company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.05. The auto parts company had revenue of $560 million for the quarter, compared to analysts' expectations of $562.38 million. Modine Manufacturing had a net margin of 3.18% and a trailing twelve-month return on equity of 21.07%. The company's revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.31 earnings per share.

ETFs with the largest weight of Modine Manufacturing (NYSE:MOD) stock in their portfolio include First Trust Dow Jones Select Microcap Index Fund (FDM), Invesco DWA Consumer Cyclicals Momentum ETF (PEZ), SPDR S&P Kensho Smart Mobility ETF (HAIL), Inspire Fidelis Multi Factor ETF (FDLS), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), Invesco DWA SmallCap Momentum ETF (DWAS), Rayliant Quantitative Developed Market Equity ETF (RAYD) and iShares Micro-Cap ETF (IWC).

Modine Manufacturing updated its FY 2023 earnings guidance on Wednesday, February, 1st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.17 billion-$2.30 billion, compared to the consensus revenue estimate of $2.28 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 many different retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (7.18%), Gamco Investors INC. ET AL (5.91%), Paradigm Capital Management Inc. NY (4.69%), Principal Financial Group Inc. (3.56%), LSV Asset Management (2.42%) and Charles Schwab Investment Management Inc. (1.91%). Insiders that own company stock include Brian Jon Agen, Larry Oscar Moore and Michael B Lucareli.
View institutional ownership trends.

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 $21.80.

Modine Manufacturing (NYSE:MOD) has a market capitalization of $1.14 billion and generates $2.05 billion in revenue each year. The auto parts company earns $85.20 million in net income (profit) each year or $1.35 on an earnings per share basis.

The company employs 11,100 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.