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

Core Molding Technologies (NYSEAMERICAN:CMT) posted its earnings results on Tuesday. The industrial products company reported $0.73 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $78.75 million.

Core Molding Technologies Stock Performance

Shares of CMT traded down $1.72 on Wednesday, reaching $15.70. 32,676 shares of the stock traded hands, compared to its average volume of 46,778. The stock has a market cap of $143.50 million, a PE ratio of 7.83 and a beta of 1.69. The company has a current ratio of 2.44, a quick ratio of 1.88 and a debt-to-equity ratio of 0.15. Core Molding Technologies has a 12 month low of $14.64 and a 12 month high of $30.09.

Insider Activity

In other news, CEO David L. Duvall sold 17,513 shares of the business’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 directly owns 389,577 shares in the company, valued at $7,888,934.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Core Molding Technologies news, Director Ralph O. Hellmold sold 1,696 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $19.17, for a total value of $32,512.32. Following the sale, the director now directly owns 33,248 shares in the company, valued at $637,364.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David L. Duvall sold 17,513 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $20.25, for a total value of $354,638.25. Following the completion of the sale, the chief executive officer now owns 389,577 shares in the company, valued at $7,888,934.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,726 shares of company stock worth $850,887. Company insiders own 13.10% of the company’s stock.

Analyst Ratings Changes

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

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.