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

Core Molding Technologies (NYSEAMERICAN:CMT) posted its quarterly earnings data on Tuesday. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.13, Zacks reports. The business had revenue of $72.99 million during the quarter, compared to the consensus estimate 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 Price Performance

NYSEAMERICAN:CMT traded up $0.64 during trading hours on Wednesday, hitting $16.00. 14,736 shares of the company’s stock traded hands, compared to its average volume of 43,603. The firm has a market capitalization of $140.16 million, a price-to-earnings ratio of 8.11 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 52 week low of $14.64 and a 52 week high of $21.00.

Wall Street Analyst Weigh In

Separately, StockNews.com raised 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 11,380 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $17.89, for a total transaction of $203,588.20. Following the sale, the executive vice president now owns 52,799 shares in the company, valued at $944,574.11. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO John P. Zimmer sold 2,000 shares of Core Molding Technologies 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 transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Renee R. Anderson sold 11,380 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $17.89, for a total transaction of $203,588.20. Following the sale, the executive vice president now 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 valued at $1,333,020 in the last 90 days. Corporate 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.