Equities analysts forecast that Modine Manufacturing Co. (NYSE:MOD) will report sales of $532.67 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Modine Manufacturing’s earnings. The lowest sales estimate is $532.30 million and the highest is $533.04 million. Modine Manufacturing reported sales of $508.30 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.8%. The company is scheduled to announce its next earnings report on Tuesday, October 30th.
On average, analysts expect that Modine Manufacturing will report full-year sales of $2.25 billion for the current year, with estimates ranging from $2.22 billion to $2.28 billion. For the next year, analysts forecast that the company will report sales of $2.35 billion per share, with estimates ranging from $2.30 billion to $2.43 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Modine Manufacturing.
Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings results on Wednesday, August 1st. The auto parts company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. The firm had revenue of $566.10 million during the quarter, compared to analyst estimates of $552.12 million. Modine Manufacturing had a return on equity of 17.01% and a net margin of 1.26%. Modine Manufacturing’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 earnings per share.
In related news, Director Larry Oscar Moore sold 5,400 shares of the company’s stock in a transaction on Tuesday, May 29th. The stock was sold at an average price of $17.80, for a total value of $96,120.00. Following the transaction, the director now directly owns 40,259 shares of the company’s stock, valued at approximately $716,610.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.48% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in shares of Modine Manufacturing during the 1st quarter valued at $136,000. Advisor Group Inc. raised its stake in shares of Modine Manufacturing by 599.5% during the 4th quarter. Advisor Group Inc. now owns 6,750 shares of the auto parts company’s stock valued at $136,000 after purchasing an additional 5,785 shares during the period. First Mercantile Trust Co. raised its stake in shares of Modine Manufacturing by 91.4% during the 1st quarter. First Mercantile Trust Co. now owns 9,893 shares of the auto parts company’s stock valued at $209,000 after purchasing an additional 4,723 shares during the period. Xact Kapitalforvaltning AB bought a new stake in shares of Modine Manufacturing during the 2nd quarter valued at $215,000. Finally, Jane Street Group LLC bought a new stake in shares of Modine Manufacturing during the 1st quarter valued at $235,000. 87.10% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Modine Manufacturing traded down $0.60, reaching $17.35, during trading hours on Tuesday, MarketBeat.com reports. 232,366 shares of the company’s stock were exchanged, compared to its average volume of 219,349. The company has a market cap of $909.90 million, a PE ratio of 11.51 and a beta of 1.38. The company has a current ratio of 1.23, a quick ratio of 0.85 and a debt-to-equity ratio of 0.76. Modine Manufacturing has a fifty-two week low of $15.25 and a fifty-two week high of $25.75.
About Modine Manufacturing
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 primarily in the United States. The company operates through Americas, Europe, Asia, Commercial and Industrial Solutions, and Building HVAC segments.
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