As of close of business last night, Modine Manufacturing Co.’s stock clocked out at $91.46, down -5.84% from its previous closing price of $97.13. In other words, the price has decreased by -$5.67 from its previous closing price. On the day, 1196680 shares were traded.
Ratios:
To gain a deeper understanding of MOD’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 31.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.75. For the most recent quarter (mrq), Quick Ratio is recorded 1.21 and its Current Ratio is at 1.93. In the meantime, Its Debt-to-Equity ratio is 0.56 whereas as Long-Term Debt/Eq ratio is at 0.51.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Oppenheimer on March 19, 2024, initiated with a Outperform rating and assigned the stock a target price of $105.
On June 07, 2023, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $40.B. Riley Securities initiated its Buy rating on June 07, 2023, with a $40 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 28 ’24 when Agen Brian Jon sold 16,799 shares for $95.64 per share. The transaction valued at 1,606,584 led to the insider holds 102,409 shares of the business.
Wilson David J. sold 8,000 shares of MOD for $713,768 on Mar 18 ’24. The Director now owns 6,109 shares after completing the transaction at $89.22 per share. On Mar 07 ’24, another insider, Patterson Christopher William, who serves as the Director of the company, sold 14,225 shares for $90.56 each. As a result, the insider received 1,288,243 and left with 97,517 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MOD now has a Market Capitalization of 4.77B and an Enterprise Value of 4.96B. As of this moment, Modine’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.55, and their Forward P/E ratio for the next fiscal year is 24.01. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.63. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.97 while its Price-to-Book (P/B) ratio in mrq is 6.56. Its current Enterprise Value per Revenue stands at 2.05 whereas that against EBITDA is 16.75.
Stock Price History:
Over the past 52 weeks, MOD has reached a high of $106.01, while it has fallen to a 52-week low of $19.41. The 50-Day Moving Average of the stock is 84.86, while the 200-Day Moving Average is calculated to be 56.47.
Shares Statistics:
It appears that MOD traded 1.04M shares on average per day over the past three months and 903.73k shares per day over the past ten days. A total of 52.10M shares are outstanding, with a floating share count of 50.92M. Insiders hold about 2.47% of the company’s shares, while institutions hold 93.85% stake in the company. Shares short for MOD as of Mar 28, 2024 were 2.6M with a Short Ratio of 2.69, compared to 2.89M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.99% and a Short% of Float of 5.09%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 4.37.
Earnings Estimates
As of right now, 5 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.76 for the current quarter, with a high estimate of $0.82 and a low estimate of $0.72, while EPS last year was $0.67. The consensus estimate for the next quarter is $0.86, with high estimates of $0.93 and low estimates of $0.8.
Analysts are recommending an EPS of between $3.3 and $3.19 for the fiscal current year, implying an average EPS of $3.24. EPS for the following year is $3.81, with 5 analysts recommending between $3.92 and $3.64.
Revenue Estimates
In the current quarter, 5 analysts expect revenue to total $605.36M. It ranges from a high estimate of $634.1M to a low estimate of $586.5M. As of the current estimate, Modine Manufacturing Co.’s year-ago sales were $618.1M, an estimated decrease of -2.10% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $623.21M, an increase of 8.20% over than the figure of -$2.10% in the same quarter last year. There is a high estimate of $628.92M for the next quarter, whereas the lowest estimate is $617.5M.
A total of 5 analysts have provided revenue estimates for MOD’s current fiscal year. The highest revenue estimate was $2.44B, while the lowest revenue estimate was $2.39B, resulting in an average revenue estimate of $2.41B. In the same quarter a year ago, actual revenue was $2.3B, up 4.90% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $2.59B in the next fiscal year. The high estimate is $2.64B and the low estimate is $2.51B. The average revenue growth estimate for next year is up 7.30% from the average revenue estimate for this year.
