Analysts Anticipate Modine Manufacturing (NYSE:MOD) Will Post Earnings of $0.49 Per Share

Equities research analysts forecast that Modine Manufacturing (NYSE:MOD – Get Rating) will announce earnings per share (EPS) of $0.49 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Modine Manufacturing’s earnings. Modine Manufacturing posted earnings of $0.51 per share in the same quarter last year, which would suggest a negative year over year growth rate of 3.9%. The firm is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Modine Manufacturing will report full-year earnings of $1.15 per share for the current year. For the next financial year, analysts forecast that the firm will report earnings of $1.70 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Modine Manufacturing.

Modine Manufacturing (NYSE:MOD – Get Rating) last announced its quarterly earnings results on Wednesday, February 2nd. The auto parts company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.08. The business had revenue of $502.20 million for the quarter. Modine Manufacturing had a return on equity of 16.06% and a net margin of 3.10%. During the same period last year, the business posted $0.41 EPS.

MOD has been the topic of several recent research reports. Zacks Investment Research downgraded Modine Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, April 5th. StockNews.com assumed coverage on Modine Manufacturing in a research note on Thursday, March 31st. They set a “buy” rating on the stock.

A number of institutional investors have recently made changes to their positions in the business. Gladius Capital Management LP bought a new stake in Modine Manufacturing during the 1st quarter valued at $82,000. Assenagon Asset Management S.A. bought a new stake in shares of Modine Manufacturing in the 1st quarter worth $227,000. Strs Ohio raised its stake in shares of Modine Manufacturing by 7.6% in the 1st quarter. Strs Ohio now owns 81,900 shares of the auto parts company’s stock worth $737,000 after buying an additional 5,800 shares in the last quarter. Investors Research Corp raised its stake in shares of Modine Manufacturing by 20.4% in the 1st quarter. Investors Research Corp now owns 11,200 shares of the auto parts company’s stock worth $101,000 after buying an additional 1,900 shares in the last quarter. Finally, American Trust bought a new stake in shares of Modine Manufacturing in the 4th quarter worth $129,000. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE MOD opened at $7.90 on Thursday. The company has a market cap of $410.09 million, a price-to-earnings ratio of 6.75 and a beta of 2.51. Modine Manufacturing has a 12-month low of $7.67 and a 12-month high of $18.54. The company has a current ratio of 1.62, a quick ratio of 0.98 and a debt-to-equity ratio of 0.84. The stock’s 50 day simple moving average is $8.87 and its 200 day simple moving average is $10.06.

About Modine Manufacturing (Get Rating)

Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications. It operates through Building HVAC Systems, and Heavy Duty Equipment and Automotive segments. The company offers gas-fired, hydronic, electric, and oil-fired unit heaters; indoor and outdoor duct furnaces; infrared units; hydronic products, such as commercial fin-tube radiation, cabinet unit heaters, and convectors; roof-mounted direct- and indirect-fired makeup air units; commercial packaged rooftop ventilation units; unit ventilators; single packaged vertical units; precision air conditioning units for data center applications; air-handling units; chillers; ceiling cassettes; hybrid fan coils; and condensing units.

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