Roth Capital Brokers Cut Earnings Estimates for Core Molding Technologies, Inc. (NYSEAMERICAN:CMT)

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) – Roth Capital reduced their Q2 2024 earnings per share (EPS) estimates for Core Molding Technologies in a report released on Tuesday, May 7th. Roth Capital analyst C. Moore now anticipates that the industrial products company will post earnings of $0.42 per share for the quarter, down from their previous forecast of $0.51. The consensus estimate for Core Molding Technologies’ current full-year earnings is $1.52 per share. Roth Capital also issued estimates for Core Molding Technologies’ Q4 2024 earnings at $0.25 EPS, Q1 2025 earnings at $0.51 EPS, Q2 2025 earnings at $0.70 EPS, Q3 2025 earnings at $0.68 EPS and Q4 2025 earnings at $0.36 EPS.

Separately, StockNews.com upgraded Core Molding Technologies from a “buy” rating to a “strong-buy” rating in a report on Tuesday.

Core Molding Technologies Stock Up 8.5 %

Shares of NYSEAMERICAN CMT opened at $19.62 on Thursday. The stock has a market cap of $179.52 million, a price-to-earnings ratio of 8.49 and a beta of 1.66. Core Molding Technologies has a 1 year low of $16.00 and a 1 year high of $30.09. The company has a quick ratio of 1.75, a current ratio of 2.23 and a debt-to-equity ratio of 0.15.

Core Molding Technologies (NYSEAMERICAN:CMT) last posted its quarterly earnings results on Tuesday, March 12th. The industrial products company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.06 by $0.19. The firm had revenue of $73.78 million during the quarter, compared to analysts’ expectations of $69.60 million. Core Molding Technologies had a return on equity of 15.74% and a net margin of 5.68%.

Institutional Trading of Core Molding Technologies

A number of large investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in Core Molding Technologies during the 3rd quarter worth approximately $103,000. Bank of New York Mellon Corp grew its position in Core Molding Technologies by 16.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 26,108 shares of the industrial products company’s stock worth $744,000 after acquiring an additional 3,638 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Core Molding Technologies in the third quarter valued at approximately $173,000. Mesirow Financial Investment Management Inc. bought a new position in shares of Core Molding Technologies during the third quarter valued at $281,000. Finally, Jump Financial LLC bought a new stake in shares of Core Molding Technologies in the 3rd quarter valued at about $208,000. 58.79% of the stock is owned by institutional investors.

Core Molding Technologies Company Profile

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.