Core Molding Technologies (NYSEAMERICAN:CMT) Posts Earnings Results, Beats Estimates By $0.31 EPS

Core Molding Technologies (NYSEAMERICAN:CMT) released its quarterly earnings results on Tuesday. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.31, Yahoo Finance reports. Core Molding Technologies had a return on equity of 13.63% and a net margin of 5.42%. The business had revenue of $88.74 million during the quarter, compared to analysts’ expectations of $78.75 million.

Core Molding Technologies Stock Performance

Shares of CMT stock traded up $1.13 on Thursday, reaching $16.85. The company had a trading volume of 22,800 shares, compared to its average volume of 46,742. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.44 and a quick ratio of 1.88. The stock has a market cap of $154.01 million, a PE ratio of 7.58 and a beta of 1.69. Core Molding Technologies has a 12 month low of $14.64 and a 12 month high of $30.09.

Analyst Ratings Changes

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

Insider Activity at Core Molding Technologies

In other news, CEO David L. Duvall sold 17,513 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $20.25, for a total transaction of $354,638.25. Following the sale, the chief executive officer now owns 389,577 shares in the company, valued at approximately $7,888,934.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Core Molding Technologies news, CEO David L. Duvall sold 17,513 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $20.25, for a total transaction of $354,638.25. Following the transaction, the chief executive officer now owns 389,577 shares in the company, valued at approximately $7,888,934.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John P. Zimmer sold 8,834 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $20.01, for a total value of $176,768.34. Following the transaction, the chief financial officer now owns 164,223 shares in the company, valued at approximately $3,286,102.23. The disclosure for this sale can be found here. In the last three months, insiders sold 42,726 shares of company stock worth $850,887. 13.10% of the stock is owned by company insiders.

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.