In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
Modine Manufacturing Co. (NYSE: MOD) closed the day trading at $92.28 down -0.38% from the previous closing price of $92.63. In other words, the price has decreased by -$0.38 from its previous closing price. On the day, 0.54 million shares were traded. MOD stock price reached its highest trading level at $95.22 during the session, while it also had its lowest trading level at $90.701.
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 32.18 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.02. 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 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 4817735680 and an Enterprise Value of 5081831424. As of this moment, Modine’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.75, and their Forward P/E ratio for the next fiscal year is 24.22. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.64. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.99 while its Price-to-Book (P/B) ratio in mrq is 6.62. Its current Enterprise Value per Revenue stands at 2.098 whereas that against EBITDA is 17.215.
Stock Price History:
The Beta on a monthly basis for MOD is 2.28, which has changed by 3.732308 over the last 52 weeks, in comparison to a change of 0.23568535 over the same period for the S&P500. 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 2.13%, while the 200-Day Moving Average is calculated to be 51.92%.
Shares Statistics:
Over the past 3-months, MOD traded about 1.03M shares per day on average, while over the past 10 days, MOD traded about 839440 shares per day. A total of 52.10M shares are outstanding, with a floating share count of 50.92M. Insiders hold about 2.46% of the company’s shares, while institutions hold 92.27% stake in the company. Shares short for MOD as of 1713139200 were 2355285 with a Short Ratio of 2.29, compared to 1710460800 on 2790739. Therefore, it implies a Short% of Shares Outstanding of 2355285 and a Short% of Float of 4.6.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 4.37. The current Payout Ratio is 0.00% for MOD, which recently paid a dividend on 2008-11-19 with an ex-dividend date of 1227052800. Stock splits for the company last occurred on 1993-02-22 when the company split stock in a 2:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 5.0 different market 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 5.0 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 $618.1MFor the next quarter, 5 analysts are estimating revenue of $623.21M. 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 $2.3BBased 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.
