Core Molding Technologies (NYSEAMERICAN:CMT) Issues Earnings Results

Core Molding Technologies (NYSEAMERICAN:CMT) posted its earnings results on Tuesday. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.31, Yahoo Finance reports. The firm had revenue of $88.74 million for the quarter, compared to analyst estimates of $78.75 million. Core Molding Technologies had a return on equity of 13.63% and a net margin of 5.42%.

Core Molding Technologies Stock Down 9.8 %

Shares of CMT stock traded down $1.70 during mid-day trading on Wednesday, hitting $15.72. The stock had a trading volume of 51,884 shares, compared to its average volume of 46,837. The stock has a market capitalization of $143.68 million, a PE ratio of 7.83 and a beta of 1.69. Core Molding Technologies has a fifty-two week low of $14.64 and a fifty-two week high of $30.09. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.88 and a current ratio of 2.44.

Analyst Upgrades and Downgrades

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

Insider Activity at Core Molding Technologies

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 owns 33,248 shares of the company’s stock, valued at $637,364.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Ralph O. Hellmold sold 1,696 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $19.17, for a total value of $32,512.32. Following the completion of the transaction, the director now owns 33,248 shares of the company’s stock, valued at approximately $637,364.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David L. Duvall sold 17,513 shares of the firm’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 owns 389,577 shares in the company, valued at approximately $7,888,934.25. The disclosure for this sale can be found here. Insiders have sold a total of 42,726 shares of company stock worth $850,887 over the last three months. 13.10% of the stock is currently owned by corporate insiders.

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.