Core Molding Technologies (NYSEMKT:CMT) last released its earnings results on Thursday, August 3rd. The industrial products company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.07. Core Molding Technologies had a return on equity of 8.65% and a net margin of 4.56%. The company had revenue of $47.37 million during the quarter. On average, analysts expect Core Molding Technologies to post $0.75 EPS for the current fiscal year and $1.03 EPS for the next fiscal year.
Shares of Core Molding Technologies, Inc. (NYSEMKT CMT) opened at 23.73 on Monday. Core Molding Technologies, Inc. has a 12-month low of $13.55 and a 12-month high of $24.50. The firm has a market cap of $186.47 million, a P/E ratio of 26.34 and a beta of 1.26. The firm has a 50-day moving average price of $22.20 and a 200-day moving average price of $20.90.
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In related news, Director James F. Crowley sold 3,375 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $21.65, for a total transaction of $73,068.75. Following the completion of the transaction, the director now directly owns 14,339 shares in the company, valued at approximately $310,439.35. The sale was disclosed in a document filed with the SEC, which is available through this link.
Several large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System bought a new position in shares of Core Molding Technologies in the second quarter worth $281,000. The Manufacturers Life Insurance Company grew its stake in shares of Core Molding Technologies by 1,757.9% in the second quarter. The Manufacturers Life Insurance Company now owns 5,202 shares of the industrial products company’s stock worth $112,000 after purchasing an additional 4,922 shares in the last quarter. Finally, State Street Corp bought a new position in shares of Core Molding Technologies in the second quarter worth $1,647,000.
Core Molding Technologies Company Profile
Core Molding Technologies, Inc is a manufacturer of sheet molding compound (SMC) and molder of fiberglass reinforced plastics. The Company along with its subsidiaries operates in the plastics market in a family of products known as reinforced plastics. It operates through manufacturing of SMC and molder of fiberglass reinforced plastics segment.
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