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

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) – Stock analysts at Roth Capital cut their Q2 2024 earnings per share estimates for shares of Core Molding Technologies in a research report issued to clients and investors on Tuesday, May 7th. Roth Capital analyst C. Moore now expects that the industrial products company will post earnings of $0.42 per share for the quarter, down from their previous estimate 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 Trading Down 0.1 %

Shares of NYSEAMERICAN:CMT opened at $19.61 on Thursday. The company has a quick ratio of 1.75, a current ratio of 2.23 and a debt-to-equity ratio of 0.15. The company has a market cap of $179.43 million, a PE ratio of 8.49 and a beta of 1.66. Core Molding Technologies has a one year low of $16.00 and a one year high of $30.09.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Empowered Funds LLC lifted its stake in Core Molding Technologies by 7.7% in the first quarter. Empowered Funds LLC now owns 32,100 shares of the industrial products company’s stock valued at $608,000 after acquiring an additional 2,287 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in 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 valued at $238,000 after purchasing an additional 593 shares during the last quarter. Denali Advisors LLC grew its holdings in Core Molding Technologies by 26.7% during the first quarter. Denali Advisors LLC now owns 24,700 shares of the industrial products company’s stock worth $468,000 after purchasing an additional 5,200 shares during the period. Allspring Global Investments Holdings LLC increased its position in Core Molding Technologies by 45.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 153,987 shares of the industrial products company’s stock worth $2,915,000 after buying an additional 47,826 shares during the last quarter. Finally, Gendell Jeffrey L raised its stake in Core Molding Technologies by 38.4% in the fourth quarter. Gendell Jeffrey L now owns 76,770 shares of the industrial products company’s stock valued at $1,423,000 after buying an additional 21,290 shares during the period. 58.79% of the stock is owned by institutional investors and hedge funds.

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.