Brokerages Expect Modine Manufacturing (NYSE:MOD) to Announce $0.49 EPS

Equities research analysts forecast that Modine Manufacturing (NYSE:MOD – Get Rating) will report earnings of $0.49 per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Modine Manufacturing’s earnings. Modine Manufacturing reported earnings of $0.51 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 3.9%. The company is expected to report its next quarterly earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Modine Manufacturing will report full-year earnings of $1.15 per share for the current year. For the next year, analysts expect that the business will post earnings of $1.70 per share. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Modine Manufacturing.

Several research firms have recently issued reports on MOD. StockNews.com assumed coverage on shares of Modine Manufacturing in a report on Thursday, March 31st. They set a “buy” rating on the stock. Zacks Investment Research downgraded shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, April 5th.

MOD opened at $8.30 on Wednesday. Modine Manufacturing has a 52-week low of $7.67 and a 52-week high of $18.54. The company has a quick ratio of 0.98, a current ratio of 1.62 and a debt-to-equity ratio of 0.84. The company has a market cap of $430.89 million, a P/E ratio of 7.09 and a beta of 2.42. The firm’s 50-day moving average price is $8.51 and its 200-day moving average price is $9.74.

A number of large investors have recently modified their holdings of MOD. Segall Bryant & Hamill LLC acquired a new stake in shares of Modine Manufacturing during the 4th quarter worth approximately $18,664,000. Paradigm Capital Management Inc. NY grew its stake in shares of Modine Manufacturing by 87.6% during the 4th quarter. Paradigm Capital Management Inc. NY now owns 1,926,600 shares of the auto parts company’s stock worth $19,439,000 after purchasing an additional 899,400 shares during the period. Millennium Management LLC grew its stake in shares of Modine Manufacturing by 140.8% during the 3rd quarter. Millennium Management LLC now owns 815,965 shares of the auto parts company’s stock worth $9,245,000 after purchasing an additional 477,132 shares during the period. Gamco Investors INC. ET AL grew its stake in shares of Modine Manufacturing by 11.5% during the 3rd quarter. Gamco Investors INC. ET AL now owns 3,033,699 shares of the auto parts company’s stock worth $34,372,000 after purchasing an additional 312,311 shares during the period. Finally, Easterly Investment Partners LLC acquired a new stake in shares of Modine Manufacturing during the 3rd quarter worth approximately $2,498,000. Institutional investors own 94.42% of the company’s stock.

Modine Manufacturing Company Profile (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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