Core Molding Technologies (NYSEAMERICAN:CMT) Posts Earnings Results, Beats Expectations By $0.13 EPS

Core Molding Technologies (NYSEAMERICAN:CMT) announced its quarterly earnings data on Tuesday. The industrial products company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.13, Zacks reports. The business had revenue of $72.99 million for the quarter, compared to analyst estimates of $71.57 million. Core Molding Technologies had a net margin of 5.11% and a return on equity of 12.14%.

Core Molding Technologies Stock Performance

CMT stock opened at $16.91 on Thursday. The company has a market capitalization of $148.13 million, a price-to-earnings ratio of 8.90 and a beta of 1.69. Core Molding Technologies has a twelve month low of $14.64 and a twelve month high of $21.00. The company has a quick ratio of 1.86, a current ratio of 2.28 and a debt-to-equity ratio of 0.14.

Insider Transactions at Core Molding Technologies

In other Core Molding Technologies news, CFO John P. Zimmer sold 2,000 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $18.64, for a total value of $37,280.00. Following the completion of the sale, the chief financial officer now owns 129,212 shares in the company, valued at $2,408,511.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Core Molding Technologies news, CFO John P. Zimmer sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $18.64, for a total value of $37,280.00. Following the sale, the chief financial officer now owns 129,212 shares in the company, valued at $2,408,511.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Renee R. Anderson sold 11,380 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were 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. 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 a total of 73,411 shares of company stock worth $1,333,020 in the last 90 days. Corporate insiders own 13.10% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.