Modine Manufacturing (NYSE:MOD) Releases Quarterly Earnings Results, Beats Estimates By $0.16 EPS

Modine Manufacturing (NYSE:MOD) issued its quarterly earnings results on Tuesday. The auto parts company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.16, Zacks reports. Modine Manufacturing had a return on equity of 24.25% and a net margin of 6.31%. The company had revenue of $647.20 million during the quarter, compared to the consensus estimate of $633.13 million. During the same period last year, the business posted $0.77 earnings per share. Modine Manufacturing’s revenue was up 7.2% on a year-over-year basis. Modine Manufacturing updated its FY 2026 guidance to EPS.

Modine Manufacturing Stock Down 11.9%

Shares of NYSE MOD opened at $92.99 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.87 and a quick ratio of 1.18. The stock has a market capitalization of $4.89 billion, a PE ratio of 31.21, a P/E/G ratio of 0.71 and a beta of 2.08. Modine Manufacturing has a one year low of $64.79 and a one year high of $146.84. The business’s fifty day moving average price is $85.03 and its 200-day moving average price is $103.89.

Analyst Upgrades and Downgrades

Separately, DA Davidson reiterated a “buy” rating and set a $155.00 target price on shares of Modine Manufacturing in a research note on Monday, March 17th.

Modine Manufacturing declared that its Board of Directors has approved a share repurchase plan on Friday, March 7th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the auto parts company to reacquire up to 2.4% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Modine Manufacturing news, Director William A. Wulfsohn bought 2,530 shares of the stock in a transaction on Monday, March 3rd. The shares were acquired at an average price of $79.43 per share, with a total value of $200,957.90. Following the acquisition, the director now directly owns 7,277 shares of the company’s stock, valued at $578,012.11. The trade was a 53.30% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Modine Manufacturing

A hedge fund recently raised its stake in Modine Manufacturing stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Modine Manufacturing (NYSE:MOD) by 26.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,223 shares of the auto parts company’s stock after buying an additional 7,831 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.07% of Modine Manufacturing worth $2,857,000 at the end of the most recent reporting period. 95.23% of the stock is currently owned by institutional investors and hedge funds.

Modine Manufacturing Company Profile

Modine Manufacturing Company provides thermal management products and solutions in the United States, Italy, Hungary, China, the United Kingdom, and internationally. It operates through Climate Solutions and Performance Technologies segments. The company offers heat transfer coils, including heat recovery and round tube plate fin coils; gas-fired, hydronic, electric and oilfired unit heaters; roof-mounted direct- and indirect-fired makeup air units; duct furnaces; infrared units; perimeter heating products; single packaged unit ventilators; modular chillers; air handler and condensing units; ceiling cassettes; evaporator unit coolers, remote condensers, fluid coolers, gas coolers, and dry and brine coolers; and motor and generator cooling coils, transformer oil coolers, radiators, dryers, and industrial heat exchangers.