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

Core Molding Technologies (NYSEAMERICAN:CMT) released its earnings results on Tuesday. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $88.74 million for the quarter, compared to analyst estimates of $78.75 million.

Core Molding Technologies Price Performance

CMT traded up $1.31 during midday trading on Thursday, hitting $17.03. 33,184 shares of the company’s stock traded hands, compared to its average volume of 46,822. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.88 and a current ratio of 2.44. The firm has a market cap of $155.65 million, a PE ratio of 7.58 and a beta of 1.69. Core Molding Technologies has a one year low of $14.64 and a one year high of $30.09.

Analysts Set New Price Targets

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

Insider Transactions at Core Molding Technologies

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 shares were sold at an average price of $20.25, for a total transaction of $354,638.25. Following the transaction, the chief executive officer now directly owns 389,577 shares of the company’s stock, valued at $7,888,934.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Core Molding Technologies 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 completion of the sale, the chief executive officer now owns 389,577 shares of the company’s stock, valued at $7,888,934.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John P. Zimmer sold 4,570 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $19.72, for a total value of $90,120.40. Following the transaction, the chief financial officer now owns 173,057 shares in the company, valued at approximately $3,412,684.04. The disclosure for this sale can be found here. Insiders have sold a total of 42,726 shares of company stock worth $850,887 in the last 90 days. 13.10% of the stock is owned by 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.