A new trading day began on Tuesday, with Modine Manufacturing Co. (NYSE: MOD) stock price down -5.84% from the previous day of trading ,before settling in for the closing price of $97.13. MOD’s price has ranged from $19.41 to $106.01 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 1.56%. Meanwhile, its annual earnings per share averaged 66.26%. With a float of $50.92 million, this company’s outstanding shares have now reached $52.10 million.
Considering the fact that the conglomerate employs 11300 people, you should pay attention to its efficiency factor.
Modine Manufacturing Co. (MOD) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Auto Parts Industry. The insider ownership of Modine Manufacturing Co. is 2.47%, while institutional ownership is 93.85%. The most recent insider transaction that took place on Mar 28 ’24, was worth 1,606,584. In this transaction VP, Human Resources of this company sold 16,799 shares at a rate of $95.64, taking the stock ownership to the 102,409 shares. Before that another transaction happened on Mar 18 ’24, when Company’s Director sold 8,000 for $89.22, making the entire transaction worth $713,768. This insider now owns 6,109 shares in total.
Modine Manufacturing Co. (MOD) Earnings and Forecasts
In its latest quarterly report, released on 12/30/2023, the company reported earnings of $0.74 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.86 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 66.26% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 34.00% during the next five years compared to 46.19% growth over the previous five years of trading.
Modine Manufacturing Co. (NYSE: MOD) Trading Performance Indicators
Here are Modine Manufacturing Co.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.21. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.97. Likewise, its price to free cash flow for the trailing twelve months is 30.75.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.24, a number that is poised to hit 0.76 in the next quarter and is forecasted to reach 3.81 in one year’s time.
Technical Analysis of Modine Manufacturing Co. (MOD)
Compared to the last year’s volume of 1.01 million, its volume of 0.96 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 55.20%. Additionally, its Average True Range was 4.49.
During the past 100 days, Modine Manufacturing Co.’s (MOD) raw stochastic average was set at 74.87%, which indicates a significant increase from 12.61% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 43.91% in the past 14 days, which was higher than the 40.69% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $84.86, while its 200-day Moving Average is $56.47. Nevertheless, the first resistance level for the watch stands at $95.95 in the near term. At $100.44, the stock is likely to face the second major resistance level. The third major resistance level sits at $103.63. If the price goes on to break the first support level at $88.27, it is likely to go to the next support level at $85.08. Should the price break the second support level, the third support level stands at $80.59.
Modine Manufacturing Co. (NYSE: MOD) Key Stats
With a market capitalization of 4.78 billion, the company has a total of 52,214K Shares Outstanding. Currently, annual sales are 2,298 M while annual income is 153,100 K. The company’s previous quarter sales were 561,400 K while its latest quarter income was 44,400 K.
