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

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

Core Molding Technologies Price Performance

Shares of CMT stock traded down $0.13 on Thursday, hitting $16.78. The stock had a trading volume of 30,901 shares, compared to its average volume of 43,826. The company has a market capitalization of $146.99 million, a PE ratio of 8.83 and a beta of 1.69. Core Molding Technologies has a 52-week low of $14.64 and a 52-week high of $21.00. The company has a current ratio of 2.28, a quick ratio of 1.86 and a debt-to-equity ratio of 0.14.

Insider Buying and Selling

In other Core Molding Technologies news, 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 value of $203,588.20. Following the completion of the transaction, the executive vice president now directly owns 52,799 shares of the company’s stock, valued at $944,574.11. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Renee R. Anderson sold 11,380 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $17.89, for a total value of $203,588.20. Following the transaction, the executive vice president now owns 52,799 shares in the company, valued at approximately $944,574.11. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Renee R. Anderson sold 13,282 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $18.17, for a total value of $241,333.94. Following the completion of the transaction, the executive vice president now owns 64,517 shares in the company, valued at approximately $1,172,273.89. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 73,411 shares of company stock valued at $1,333,020 in the last quarter. Company insiders own 13.10% of the company’s stock.

Analysts Set New Price Targets

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

Read Our Latest Stock Analysis on CMT

Core Molding Technologies Company Profile

(Get Free Report)

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.

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Earnings History for Core Molding Technologies (NYSEAMERICAN:CMT)

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