RACINE, Wis., Oct. 16, 2024 /PRNewswire/ -- Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, announced today that it will host a conference call and webcast to discuss its second quarter financial results for the period ended September 30, 2024, on Wednesday, October 30, 2024, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Results are scheduled to be released after the market closes on Tuesday, October 29, 2024. During the call, Modine President and Chie ...

Core Insights - Modine has introduced two new low-intensity tube heaters, the MRS and MRL, to enhance outdoor comfort in various settings such as home patios, restaurant patios, and entertainment venues [1][3]. Product Details - The MRS heater has a length of 9 feet and can heat spaces up to 180 square feet, with fire rates of 50,000 BTU/hr (high) and 35,000 BTU/hr (low) [4]. - The MRL heater is larger, measuring 16 feet 4 inches, and can heat areas up to 312 square feet, offering multiple fire rate options: 65,000 BTU/hr (high) and 50,000 BTU/hr (low), 80,000 BTU/hr (high) and 52,000 BTU/hr (low), and 100,000 BTU/hr (high) and 65,000 BTU/hr (low) [4]. Market Position - The introduction of the MRS and MRL reflects strong market demand for infrared heating solutions, showcasing Modine's commitment to quality and innovation in the HVAC industry [3][5]. - Modine's offerings are designed for easy installation and are available in both natural gas and propane configurations, catering to diverse customer needs [3][4]. Company Overview - Modine has over 100 years of experience in thermal management and operates globally, focusing on improving air quality and conserving natural resources [5]. - The company employs more than 11,000 people worldwide and is headquartered in Racine, Wisconsin [5].

Core Insights - Modine has appointed Dan Hedstrom as the new Chief Information Officer (CIO), effective immediately, succeeding Steve Langer who is set to retire at the end of the year [1][2]. Group 1: Leadership Transition - Dan Hedstrom will lead Modine's global IT function and execute the company's digital strategy, focusing on business-aligned IT solutions to optimize performance, enhance productivity, and improve cybersecurity [2]. - Steve Langer has served as Vice President of Information Technology for seven years and will retire at the end of 2024 [1][4]. Group 2: Dan Hedstrom's Background - Hedstrom joins Modine from Cubic Corporation, where he spent 12 years and was promoted to Vice President and CIO in 2018, with experience in scaling IT systems for growth [3]. - He holds a bachelor's degree in Computer Engineering from California Polytechnic State University [3]. Group 3: Company Overview - Modine is a global leader in thermal management technology, with over 11,000 employees worldwide, dedicated to improving air quality and conserving natural resources [4]. - The company operates in North America, South America, Europe, and Asia, focusing on Climate Solutions and Performance Technologies to reduce energy consumption and harmful emissions [4].

Modine (MOD) closed at $134.01 in the latest trading session, marking a +0.93% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.71%. Elsewhere, the Dow saw an upswing of 1.03%, while the tech-heavy Nasdaq appreciated by 0.6%. Shares of the heating and cooling products maker witnessed a gain of 40.35% over the previous month, beating the performance of the Auto-Tires-Trucks sector with its gain of 5.44% and the S&P 500's gain of 6.41%. Market participants will be closely following th ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Modine (MOD) . Modine currently has an average brokerage recommendation (ABR) of 1.20, on a sc ...

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Core Viewpoint - Modine (MOD) has received an upgrade to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Estimates and Stock Price Movement - The correlation between changes in a company's future earnings potential and its stock price movements is strong, largely influenced by institutional investors who adjust their valuations based on earnings estimates [3]. - Rising earnings estimates and the subsequent rating upgrade for Modine indicate an improvement in the company's underlying business, suggesting that investors may respond positively by driving the stock price higher [4]. Zacks Rank System - The Zacks Rank stock-rating system classifies stocks into five groups based on earnings estimates, with a proven track record of Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [6]. - The Zacks rating system maintains a balanced distribution of 'buy' and 'sell' ratings, ensuring that only the top 20% of stocks receive a 'Strong Buy' or 'Buy' rating, indicating superior earnings estimate revisions [8][9]. Modine's Earnings Estimate Revisions - For the fiscal year ending March 2025, Modine is expected to earn $3.86 per share, reflecting an 18.8% increase from the previous year, with a 4.2% rise in the Zacks Consensus Estimate over the past three months [7].

The most recent trading session ended with Modine (MOD) standing at $130.87, reflecting a -0.74% shift from the previouse trading day's closing. This change lagged the S&P 500's daily loss of 0.17%. Meanwhile, the Dow experienced a drop of 0.44%, and the technology-dominated Nasdaq saw a decrease of 0.04%. Coming into today, shares of the heating and cooling products maker had gained 24.03% in the past month. In that same time, the Auto-Tires-Trucks sector gained 6.45%, while the S&P 500 gained 1.25%. The u ...

Shares of Modine Manufacturing Co (MOD, Financial) surged 4.60% in mid-day trading on Oct 2. The stock reached an intraday high of $133.59, before settling at $133.42, up from its previous close of $127.55. This places MOD 4.00% below its 52-week high of $138.99 and 246.54% above its 52-week low of $38.50. Trading volume was 148,743 shares, 22.0% of the average daily volume of 674,887. Wall Street Analysts Forecast Based on the one-year price targets offered by 5 analysts, the average target price for Modin ...