Modine Manufacturing Co. (NYSE: MOD) closed the day trading at $95.25 down -0.62% from the previous closing price of $95.84. In other words, the price has decreased by -$0.59 from its previous closing price. On the day, 876384 shares were traded. MOD stock price reached its highest trading level at $97.78 during the session, while it also had its lowest trading level at $93.59.
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Ratios:
For a better understanding of MOD, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 33.22 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 32.02. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 18 ’24 when Wilson David J. sold 8,000 shares for $89.22 per share. The transaction valued at 713,768 led to the insider holds 6,109 shares of the business.
Patterson Christopher William sold 14,225 shares of MOD for $1,288,243 on Mar 07 ’24. The Director now owns 97,517 shares after completing the transaction at $90.56 per share. On Feb 29 ’24, another insider, Lucareli Michael B, who serves as the EVP, CFO of the company, sold 82,312 shares for $90.33 each. As a result, the insider received 7,434,870 and left with 194,587 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 4.97B and an Enterprise Value of 5.16B. As of this moment, Modine’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.45, and their Forward P/E ratio for the next fiscal year is 25.00. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.66. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.05 while its Price-to-Book (P/B) ratio in mrq is 6.84. Its current Enterprise Value per Revenue stands at 2.13 whereas that against EBITDA is 17.42.
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 80.21, while the 200-Day Moving Average is calculated to be 53.96.
Shares Statistics:
Over the past 3-months, MOD traded about 1.01M shares per day on average, while over the past 10 days, MOD traded about 1.25M shares per day. 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 93.99% stake in the company. Shares short for MOD as of Feb 29, 2024 were 2.89M with a Short Ratio of 2.77, compared to 2.17M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.54% and a Short% of Float of 5.65%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 4.37.
Earnings Estimates
Current recommendations for the stock of the company come from 5 analysts. 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
5 analysts predict $605.36M in revenue for the current quarter. 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.
