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


Equities investigation analysts forecast that Modine Manufacturing (NYSE:MODGet Score) will report earnings of $.49 per share for the existing fiscal quarter, according to Zacks. Zero analysts have delivered estimates for Modine Manufacturing’s earnings. Modine Producing described earnings of $.51 for every share throughout the same quarter previous calendar year, which would indicate a adverse 12 months-more than-yr expansion charge of 3.9%. The firm is predicted to report its next quarterly earnings report after the market place closes on Monday, January 1st.

On regular, analysts anticipate that Modine Production will report entire-yr earnings of $1.15 for each share for the current 12 months. For the future yr, analysts hope that the enterprise will put up earnings of $1.70 for each share. Zacks’ earnings for each share averages are an ordinary based mostly on a survey of study analysts that cover Modine Manufacturing.

Several analysis companies have lately issued reviews on MOD. StockNews.com assumed coverage on shares of Modine Production in a report on Thursday, March 31st. They set a “buy” rating on the inventory. Zacks Investment decision Research downgraded shares of Modine Production from a “buy” rating to a “hold” ranking in a report on Tuesday, April 5th.

MOD opened at $8.30 on Wednesday. Modine Production has a 52-week very low of $7.67 and a 52-7 days superior of $18.54. The firm has a quick ratio of .98, a present-day ratio of 1.62 and a financial debt-to-equity ratio of .84. The company has a marketplace cap of $430.89 million, a P/E ratio of 7.09 and a beta of 2.42. The firm’s 50-day going normal price is $8.51 and its 200-working day shifting ordinary price tag is $9.74.

A range of large investors have just lately modified their holdings of MOD. Segall Bryant & Hamill LLC acquired a new stake in shares of Modine Producing through the 4th quarter well worth close to $18,664,000. Paradigm Funds Management Inc. NY grew its stake in shares of Modine Manufacturing by 87.6% during the 4th quarter. Paradigm Cash Management Inc. NY now owns 1,926,600 shares of the automobile parts company’s stock worthy of $19,439,000 after paying for an additional 899,400 shares through the period. Millennium Administration LLC grew its stake in shares of Modine Manufacturing by 140.8% in the course of the 3rd quarter. Millennium Administration LLC now owns 815,965 shares of the automobile components company’s inventory really worth $9,245,000 just after buying an added 477,132 shares in the course of the period. Gamco Buyers INC. ET AL grew its stake in shares of Modine Production by 11.5% all through the 3rd quarter. Gamco Buyers INC. ET AL now owns 3,033,699 shares of the car components company’s inventory well worth $34,372,000 right after purchasing an added 312,311 shares during the period of time. Lastly, Easterly Investment Associates LLC acquired a new stake in shares of Modine Producing all through the 3rd quarter truly worth around $2,498,000. Institutional buyers possess 94.42% of the company’s inventory.

Modine Production Company Profile (Get Score)

Modine Producing Corporation offers engineered heat transfer units and heat transfer elements for use in on- and off-freeway primary machines maker (OEM) vehicular programs. It operates by way of Building HVAC Programs, and Heavy Responsibility Gear and Automotive segments. The corporation features fuel-fired, hydronic, electric powered, and oil-fired device heaters indoor and out of doors duct furnaces infrared models hydronic items, these kinds of as business fin-tube radiation, cabinet device heaters, and convectors roof-mounted immediate- and indirect-fired makeup air units business packaged rooftop ventilation models device ventilators solitary packaged vertical models precision air conditioning units for information center apps air-dealing with models chillers ceiling cassettes hybrid fan coils and condensing units.

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