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. Yahoo Finance discussed the stock recently as it posted Modine Gains UL Safety Certification for Indoor Air Quality Solutions.

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Stocks Info

The company is listed on the NYSE and operates within the Auto Parts industry segment. The current market capitalization of Modine Manufacturing Co. is $5.10B. A total of 0.82 million shares were traded on the day, compared to an average of 1.04M shares.

In the most recent transaction, Agen Brian Jon sold 16,799 shares of MOD for 95.64 per share on Mar 28 ’24. After the transaction, the VP, Human Resources now owns 102,409 company shares. In a previous transaction on Mar 18 ’24, Wilson David J. sold 8,000 shares at 89.22 per share. MOD shares that Director owns now total 6,109.

Among the insiders who sold shares, Patterson Christopher William disposed of 14,225 shares on Mar 07 ’24 at a per-share price of $90.56. This resulted in the Director holding 97,517 shares of MOD after the transaction. In another insider transaction, Lucareli Michael B sold 82,312 shares at $90.33 per share on Feb 29 ’24. Company shares held by the EVP, CFO now total 194,587.

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. In terms of 52-week highs and lows, MOD has a high of $106.01 and a low of $19.41.

As of this writing, MOD has an earnings estimate of $0.76 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.82 per share and a lower estimate of $0.72. The company reported an EPS of $0.89 in the last quarter, which was 39.10% higher than expectations of $0.64.

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 $13.93, 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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