Core Molding Technologies FY2024 EPS Lifted by Roth Capital

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT - Free Report) - Research analysts at Roth Capital raised their FY2024 earnings per share (EPS) estimates for Core Molding Technologies in a report issued on Wednesday, November 6th. Roth Capital analyst C. Moore now forecasts that the industrial products company will post earnings of $1.64 per share for the year, up from their prior estimate of $1.53. The consensus estimate for Core Molding Technologies' current full-year earnings is $1.53 per share. Roth Capital also issued estimates for Core Molding Technologies' Q2 2025 earnings at $0.61 EPS.

Separately, StockNews.com upgraded shares of Core Molding Technologies from a "buy" rating to a "strong-buy" rating in a research report on Monday, July 29th.

Core Molding Technologies Trading Up 1.3 %

NYSEAMERICAN:CMT traded up $0.22 during midday trading on Friday, reaching $17.00. 52,157 shares of the company traded hands, compared to its average volume of 43,864. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.41 and a quick ratio of 1.86. The firm has a market capitalization of $152.32 million, a P/E ratio of 9.60 and a beta of 1.69. Core Molding Technologies has a twelve month low of $14.64 and a twelve month high of $21.00.

Core Molding Technologies (NYSEAMERICAN:CMT - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.13. Core Molding Technologies had a net margin of 4.95% and a return on equity of 10.76%. The company had revenue of $72.99 million for the quarter, compared to the consensus estimate of $71.57 million.

Insider Activity at Core Molding Technologies

In other Core Molding Technologies news, CFO John P. Zimmer sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $18.64, for a total transaction of $37,280.00. Following the completion of the transaction, the chief financial officer now owns 129,212 shares in the company, valued at approximately $2,408,511.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO John P. Zimmer sold 13,653 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $18.30, for a total value of $249,849.90. Following the completion of the sale, the chief financial officer now directly owns 115,559 shares of the company's stock, valued at approximately $2,114,729.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO John P. Zimmer sold 2,000 shares of the company's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $18.64, for a total transaction of $37,280.00. Following the completion of the transaction, the chief financial officer now owns 129,212 shares in the company, valued at approximately $2,408,511.68. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,411 shares of company stock worth $1,333,020. 13.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Core Molding Technologies

Several large investors have recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC acquired a new stake in Core Molding Technologies in the second quarter valued at $27,000. LSV Asset Management acquired a new stake in Core Molding Technologies in the 2nd quarter valued at $36,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Core Molding Technologies during the 1st quarter worth about $155,000. Rhumbline Advisers increased its stake in shares of Core Molding Technologies by 8.4% during the second quarter. Rhumbline Advisers now owns 11,174 shares of the industrial products company's stock worth $178,000 after purchasing an additional 866 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in shares of Core Molding Technologies by 4.9% in the first quarter. BNP Paribas Financial Markets now owns 12,593 shares of the industrial products company's stock valued at $238,000 after acquiring an additional 593 shares in the last quarter. Hedge funds and other institutional investors own 58.79% 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.