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Wednesday, December 6, 2023

Are Things Looking Up For Modine Manufacturing Co. (NYSE: MOD)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Modine Manufacturing Co. (MOD) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.22, or 0.52%, to $42.40. The Modine Manufacturing Co. has recorded 165,057 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Modine Reports Second Quarter Fiscal 2024 Results, Raises Full-Year Earnings Guidance.

Stocks Info

The company is listed on the NYSE and operates within the Auto Parts industry segment. At the end of the last regular session, the stock closed at $42.18 and fluctuated between $42.43 as its day high and $40.22 as its day low. The current market capitalization of Modine Manufacturing Co. is $2.20B. A total of 0.65 million shares were traded on the day, compared to an average of 715.11K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, MOD has seen 11 BUY and 9 SELL insider trades, representing the acquisition of 68,099 and the disposition of 67,975 shares. Over the last 12 months, there were 19 BUYs and 32 SELLs from insiders. Insiders purchased 140,748 shares during that period but sold 179,057.

In the most recent transaction, WILLIAMS MARSHA C sold 17,286 shares of MOD for 44.63 per share on Aug 15. After the transaction, the Director now owns 172,074 company shares. In a previous transaction on Aug 10, Lucareli Michael B sold 37,746 shares at 45.95 per share. MOD shares that EVP, CFO owns now total 293,012.

Among the insiders who sold shares, Moore Larry Oscar disposed of 17,742 shares on Jun 22 at a per-share price of $31.58. This resulted in the Director holding 57,773 shares of MOD after the transaction. In another insider transaction, Patterson Christopher William bought 400 shares at $32.09 per share on Jun 07. Company shares held by the Director now total 114,715.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for MOD in the last 3 months, the mean price target is $56.75 with high estimates of $60.00 and low estimates of $50.00. In terms of 52-week highs and lows, MOD has a high of $51.76 and a low of $18.80.

As of this writing, MOD has an earnings estimate of $0.64 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.66 per share and a lower estimate of $0.58. The company reported an EPS of $0.67 in the last quarter, which was 48.90% higher than expectations of $0.45.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. MOD’s latest balance sheet shows that the firm has $45.20M in Cash & Short Term Investments as of fiscal 2022. There were $377.80M in debt and $494.50M in liabilities at the time. Its Book Value Per Share was $12.22, while its Total Shareholder’s Equity was $458.10M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MOD is Buy with a score of 5.00.

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