Core Molding Technologies FY2024 EPS Lifted by Roth Capital

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) – Research analysts at Roth Capital lifted their FY2024 earnings estimates for shares of Core Molding Technologies in a research report issued on Wednesday, November 6th. Roth Capital analyst C. Moore now anticipates that the industrial products company will earn $1.64 per share for the year, up from their previous 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 Core Molding Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 29th.

Core Molding Technologies Price Performance

NYSEAMERICAN CMT opened at $17.00 on Friday. The firm has a market cap of $152.32 million, a PE ratio of 9.60 and a beta of 1.69. Core Molding Technologies has a 1-year low of $14.64 and a 1-year high of $21.00. The company has a current ratio of 2.41, a quick ratio of 1.86 and a debt-to-equity ratio of 0.14.

Core Molding Technologies (NYSEAMERICAN:CMT) last released its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.36 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $72.99 million during the quarter, compared to analysts’ expectations of $71.57 million.

Institutional Inflows and Outflows

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

Insider Buying and Selling

In other news, EVP Renee R. Anderson sold 11,380 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $17.89, for a total transaction of $203,588.20. Following the completion of the sale, the executive vice president now owns 52,799 shares of the company’s stock, valued at $944,574.11. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Renee R. Anderson sold 11,380 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $17.89, for a total transaction of $203,588.20. Following the completion of the transaction, the executive vice president now directly owns 52,799 shares in the company, valued at approximately $944,574.11. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Renee R. Anderson sold 13,282 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $18.17, for a total transaction of $241,333.94. Following the completion of the sale, the executive vice president now directly owns 64,517 shares of the company’s stock, valued at $1,172,273.89. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,411 shares of company stock valued at $1,333,020. 13.10% of the stock is owned by insiders.

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.