Core Molding Technologies, Inc. (CMT) Set to Announce Quarterly Earnings on Wednesday
Core Molding Technologies (NYSEMKT:CMT) last announced its quarterly earnings data 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 23.12 on Wednesday. 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 $181.68 million, a P/E ratio of 25.66 and a beta of 1.26. The stock’s 50 day moving average price is $21.96 and its 200-day moving average price is $20.82.
In other news, Director James F. Crowley sold 3,375 shares of Core Molding Technologies stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $21.65, for a total transaction of $73,068.75. Following the transaction, the director now directly owns 14,339 shares of the company’s stock, valued at $310,439.35. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Several hedge funds and other institutional investors have recently made changes to their positions in CMT. The Manufacturers Life Insurance Company lifted its position in Core Molding Technologies by 1,757.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,202 shares of the industrial products company’s stock valued at $112,000 after acquiring an additional 4,922 shares in the last quarter. California State Teachers Retirement System bought a new stake in Core Molding Technologies in the 2nd quarter valued at $281,000. Finally, State Street Corp bought a new stake in Core Molding Technologies in the 2nd quarter valued at $1,647,000.
About Core Molding Technologies
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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