Equities research analysts expect Modine Manufacturing Co. (NYSE:MOD) to report $525.99 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Modine Manufacturing’s earnings. The highest sales estimate is $534.58 million and the lowest is $517.40 million. Modine Manufacturing posted sales of $488.30 million in the same quarter last year, which suggests a positive year-over-year growth rate of 7.7%. The company is expected to report its next quarterly earnings results on Wednesday, May 23rd.

On average, analysts expect that Modine Manufacturing will report full-year sales of $525.99 million for the current year, with estimates ranging from $2.05 billion to $2.07 billion. For the next financial year, analysts anticipate that the company will post sales of $2.19 billion per share, with estimates ranging from $2.17 billion to $2.21 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Modine Manufacturing.

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Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings data on Tuesday, January 30th. The auto parts company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.06. Modine Manufacturing had a return on equity of 16.54% and a net margin of 0.62%. The company had revenue of $512.70 million for the quarter, compared to analysts’ expectations of $456.30 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share. Modine Manufacturing’s revenue was up 46.6% compared to the same quarter last year.

A number of research firms have weighed in on MOD. Zacks Investment Research upgraded Modine Manufacturing from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Saturday, February 3rd. ValuEngine lowered Modine Manufacturing from a “strong-buy” rating to a “buy” rating in a report on Monday, December 4th.

In other Modine Manufacturing news, VP Scott D. Wollenberg sold 10,035 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $22.76, for a total transaction of $228,396.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Matthew J. Mcburney sold 2,379 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $25.05, for a total value of $59,593.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,914 shares of company stock valued at $373,251. 4.42% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Great West Life Assurance Co. Can lifted its holdings in Modine Manufacturing by 142.7% during the third quarter. Great West Life Assurance Co. Can now owns 5,781 shares of the auto parts company’s stock worth $111,000 after buying an additional 3,399 shares during the period. Advisor Group Inc. lifted its holdings 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 last quarter. SG Americas Securities LLC purchased a new stake in shares of Modine Manufacturing during the 3rd quarter valued at $152,000. Trexquant Investment LP purchased a new stake in shares of Modine Manufacturing during the 3rd quarter valued at $222,000. Finally, Investors Research Corp purchased a new stake in shares of Modine Manufacturing during the 4th quarter valued at $345,000. Institutional investors own 84.66% of the company’s stock.

Shares of Modine Manufacturing stock opened at $23.60 on Thursday. The company has a current ratio of 1.24, a quick ratio of 0.85 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $1,165.65, a price-to-earnings ratio of 98.33 and a beta of 1.31. Modine Manufacturing has a twelve month low of $10.10 and a twelve month high of $25.75.

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Modine Manufacturing Company Profile

Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on-highway and off-highway original equipment manufacturer (OEM) vehicular applications, and for sale into an array of building, industrial and refrigeration markets. The Company’s products include radiators and radiator cores, exhaust gas recirculation coolers, building heating, ventilating and air conditioning (HVAC) equipment, and coils.

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Earnings History and Estimates for Modine Manufacturing (NYSE:MOD)

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