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

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

Core Molding Technologies Stock Up 6.1 %

CMT traded up $0.94 on Wednesday, hitting $16.30. The company had a trading volume of 23,362 shares, compared to its average volume of 43,629. The firm has a market cap of $142.79 million, a P/E ratio of 8.42 and a beta of 1.69. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.86 and a current ratio of 2.28. Core Molding Technologies has a 1-year low of $14.64 and a 1-year high of $21.00.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Core Molding Technologies

In other Core Molding Technologies news, EVP Renee R. Anderson sold 13,282 shares of the company’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 completion of the sale, the executive vice president now directly owns 64,517 shares in the company, valued at $1,172,273.89. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Renee R. Anderson sold 11,380 shares of the stock in a transaction 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 transaction, the executive vice president now owns 52,799 shares in the company, valued at approximately $944,574.11. This represents a 0.00 % decrease in their position. The sale 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 stock was sold at an average price of $18.17, for a total transaction of $241,333.94. Following the transaction, the executive vice president now owns 64,517 shares of the company’s stock, valued at approximately $1,172,273.89. This represents a 0.00 % decrease in their position. 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 over the last 90 days. Insiders own 13.10% of the company’s stock.

Core Molding Technologies Company Profile

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.