Core Molding Technologies FY2024 EPS Boosted by Roth Capital

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) – Research analysts at Roth Capital raised their FY2024 earnings per share estimates for shares of Core Molding Technologies in a research note issued to investors on Wednesday, November 6th. Roth Capital analyst C. Moore now anticipates that the industrial products company will post earnings per share of $1.64 for the year, up from their previous estimate of $1.53. The consensus estimate for Core Molding Technologies’ current full-year earnings is $1.53 per share. Roth Capital also issued estimates for Core Molding Technologies’ Q2 2025 earnings at $0.61 EPS.

Core Molding Technologies (NYSEAMERICAN:CMT) last announced its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.13. The firm had revenue of $72.99 million during the quarter, compared to analysts’ expectations of $71.57 million. Core Molding Technologies had a return on equity of 12.14% and a net margin of 5.11%.

Separately, StockNews.com upgraded Core Molding Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 29th.

Core Molding Technologies Stock Down 0.8 %

Shares of Core Molding Technologies stock opened at $16.78 on Friday. The company has a market cap of $146.99 million, a P/E ratio of 8.83 and a beta of 1.69. Core Molding Technologies has a 1 year low of $14.64 and a 1 year high of $21.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.86 and a current ratio of 2.28.

Hedge Funds Weigh In On Core Molding Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the company. Empowered Funds LLC increased its stake in shares of Core Molding Technologies by 5.1% in the third quarter. Empowered Funds LLC now owns 36,182 shares of the industrial products company’s stock worth $623,000 after purchasing an additional 1,742 shares in the last quarter. Royce & Associates LP grew its stake in Core Molding Technologies by 7.2% in the 3rd quarter. Royce & Associates LP now owns 149,244 shares of the industrial products company’s stock valued at $2,568,000 after buying an additional 10,000 shares in the last quarter. Diamond Hill Capital Management Inc. raised its holdings in Core Molding Technologies by 10.4% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 149,320 shares of the industrial products company’s stock valued at $2,570,000 after acquiring an additional 14,039 shares during the period. Inspire Advisors LLC bought a new stake in Core Molding Technologies during the 3rd quarter valued at $326,000. Finally, Tieton Capital Management LLC lifted its position in shares of Core Molding Technologies by 151.9% during the second quarter. Tieton Capital Management LLC now owns 177,521 shares of the industrial products company’s stock worth $2,830,000 after acquiring an additional 107,041 shares in the last quarter. 58.79% of the stock is owned by institutional investors.

Insider Transactions at Core Molding Technologies

In other Core Molding Technologies news, EVP Renee R. Anderson sold 11,380 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $17.89, for a total transaction of $203,588.20. Following the completion of the sale, the executive vice president now owns 52,799 shares in the company, valued at approximately $944,574.11. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Renee R. Anderson sold 11,380 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $17.89, for a total value of $203,588.20. Following the completion of the sale, the executive vice president now directly owns 52,799 shares of the company’s stock, valued at approximately $944,574.11. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Renee R. Anderson sold 13,282 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $18.17, for a total transaction of $241,333.94. Following the transaction, the executive vice president now directly owns 64,517 shares in the company, valued at $1,172,273.89. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,411 shares of company stock valued at $1,333,020 in the last 90 days. 13.10% of the stock is currently owned by corporate insiders.

About Core Molding Technologies

Core Molding Technologies, Inc, together with its subsidiaries, operates as a molder of thermoplastic and thermoset structural products. The company offers a range of manufacturing processes that include compression molding of sheet molding compound, resin transfer molding, liquid molding of dicyclopentadiene, spray-up and hand-lay-up, direct long-fiber thermoplastics, and structural foam and structural web injection molding.