Core Molding Technologies FY2024 EPS Boosted by Roth Capital

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

Core Molding Technologies Trading Up 1.3 %

Shares of Core Molding Technologies stock opened at $17.00 on Friday. Core Molding Technologies has a 12-month low of $14.64 and a 12-month high of $21.00. The stock has a market cap of $152.32 million, a P/E ratio of 9.60 and a beta of 1.69. The company has a quick ratio of 1.86, a current ratio of 2.41 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 (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.13. Core Molding Technologies had a return on equity of 10.76% and a net margin of 4.95%. The firm had revenue of $72.99 million during the quarter, compared to analyst estimates of $71.57 million.

Institutional Investors Weigh In On Core Molding Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets grew its position in shares of Core Molding Technologies by 4.9% during 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 period. Empowered Funds LLC grew its holdings in Core Molding Technologies by 7.7% during the 1st quarter. Empowered Funds LLC now owns 32,100 shares of the industrial products company’s stock worth $608,000 after acquiring an additional 2,287 shares during the period. Vanguard Group Inc. grew its holdings in Core Molding Technologies by 12.8% during the 1st quarter. Vanguard Group Inc. now owns 434,726 shares of the industrial products company’s stock worth $8,229,000 after acquiring an additional 49,501 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Core Molding Technologies during the 1st quarter valued at $155,000. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Core Molding Technologies by 187.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 76,321 shares of the industrial products company’s stock valued at $1,445,000 after purchasing an additional 49,764 shares during the period. Institutional investors own 58.79% of the company’s stock.

Insiders Place Their Bets

In other Core Molding Technologies news, EVP Renee R. Anderson sold 11,380 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $17.89, for a total transaction of $203,588.20. Following the sale, the executive vice president now owns 52,799 shares of the company’s stock, valued at $944,574.11. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO John P. Zimmer sold 2,000 shares of the business’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 value of $37,280.00. Following the completion of the transaction, the chief financial officer now owns 129,212 shares in the company, valued at $2,408,511.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Renee R. Anderson sold 11,380 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $17.89, for a total value of $203,588.20. Following the completion of the transaction, the executive vice president now owns 52,799 shares in the company, valued at $944,574.11. The trade was 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 currently owned by corporate 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.