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

Core Molding Technologies (NYSEAMERICAN:CMT) released its earnings results on Tuesday. The industrial products company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.13, Zacks reports. The company had revenue of $72.99 million during the quarter, compared to the consensus estimate 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 Stock Up 10.1 %

CMT opened at $16.91 on Thursday. The firm has a market cap of $148.13 million, a price-to-earnings ratio of 8.90 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 debt-to-equity ratio of 0.14, a current ratio of 2.28 and a quick ratio of 1.86.

Insider Activity

In other Core Molding Technologies news, CFO John P. Zimmer sold 13,653 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $18.30, for a total transaction of $249,849.90. Following the transaction, the chief financial officer now owns 115,559 shares in the company, valued at approximately $2,114,729.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Core Molding Technologies news, CEO David L. Duvall sold 20,000 shares of Core Molding Technologies stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $18.29, for a total transaction of $365,800.00. Following the transaction, the chief executive officer now directly owns 338,227 shares in the company, valued at approximately $6,186,171.83. 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 is accessible through this link. Also, CFO John P. Zimmer sold 13,653 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $18.30, for a total value 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 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. 13.10% of the stock is owned by company insiders.

Analyst Ratings Changes

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

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.