Q3 2024 EPS Estimates for Core Molding Technologies, Inc. Lowered by Roth Capital (NYSEAMERICAN:CMT)

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) – Analysts at Roth Capital reduced their Q3 2024 earnings 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 anticipates that the industrial products company will post earnings of $0.50 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’ FY2024 earnings at $1.60 EPS and FY2025 earnings at $2.25 EPS.

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, topping the consensus estimate of $0.06 by $0.19. Core Molding Technologies had a net margin of 5.68% and a return on equity of 15.74%. The business had revenue of $73.78 million during the quarter, compared to the consensus estimate of $69.60 million.

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

Core Molding Technologies Stock Down 0.1 %

Shares of NYSEAMERICAN CMT opened at $19.61 on Friday. Core Molding Technologies has a 1 year low of $16.00 and a 1 year high of $30.09. The stock has a market cap of $179.43 million, a price-to-earnings ratio of 8.49 and a beta of 1.66. The company has a quick ratio of 1.75, a current ratio of 2.23 and a debt-to-equity ratio of 0.15.

Institutional Investors Weigh In On Core Molding Technologies

Several institutional investors and hedge funds have recently made changes to their positions in CMT. National Bank of Canada FI purchased a new stake in shares of Core Molding Technologies in the fourth quarter valued at $27,000. Tower Research Capital LLC TRC lifted its holdings in Core Molding Technologies by 82.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 797 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Core Molding Technologies during the 3rd quarter worth about $103,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Core Molding Technologies during the third quarter worth about $125,000. Finally, Barclays PLC raised its position in shares of Core Molding Technologies by 53.1% in the third quarter. Barclays PLC now owns 4,375 shares of the industrial products company’s stock valued at $125,000 after buying an additional 1,517 shares during the last quarter. 58.79% of the stock is currently owned by hedge funds and other institutional investors.

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.