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

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

Core Molding Technologies Stock Performance

NYSEAMERICAN:CMT traded down $0.13 during midday trading on Thursday, reaching $16.78. The stock had a trading volume of 30,901 shares, compared to its average volume of 43,826. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.28 and a quick ratio of 1.86. The firm has a market cap of $146.99 million, a price-to-earnings ratio of 8.83 and a beta of 1.69. Core Molding Technologies has a 12-month low of $14.64 and a 12-month high of $21.00.

Analyst Upgrades and Downgrades

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

In related news, CFO John P. Zimmer sold 13,653 shares of Core Molding Technologies stock in a transaction on Monday, August 26th. The stock was sold at an average price of $18.30, for a total transaction of $249,849.90. Following the completion of the transaction, the chief financial officer now directly owns 115,559 shares of the company’s stock, valued at approximately $2,114,729.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, EVP Renee R. Anderson sold 13,282 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $18.17, for a total value of $241,333.94. Following the sale, the executive vice president now directly owns 64,517 shares in the company, valued at $1,172,273.89. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John P. Zimmer sold 13,653 shares of Core Molding Technologies stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $18.30, for a total value of $249,849.90. Following the sale, the chief financial officer now owns 115,559 shares of the company’s stock, valued at approximately $2,114,729.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 73,411 shares of company stock valued at $1,333,020 over the last ninety days. Corporate insiders own 13.10% of the company’s stock.

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.