Constellium (NYSE:CSTM) Releases Earnings Results, Misses Expectations By $0.38 EPS

Constellium (NYSE:CSTM) announced its earnings results on Wednesday. The industrial products company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.38), Briefing.com reports. The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Constellium had a net margin of 2.35% and a return on equity of 17.59%. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 earnings per share.

Constellium Stock Up 4.6 %

Shares of CSTM traded up $0.50 during midday trading on Friday, hitting $11.35. The company had a trading volume of 4,265,314 shares, compared to its average volume of 1,071,278. The company has a quick ratio of 0.60, a current ratio of 1.33 and a debt-to-equity ratio of 1.89. Constellium has a 52 week low of $10.49 and a 52 week high of $23.20. The company’s 50 day moving average price is $15.62 and its 200 day moving average price is $18.13. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 12.62 and a beta of 1.59.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft lowered shares of Constellium from a “buy” rating to a “hold” rating and cut their price objective for the stock from $22.00 to $12.00 in a report on Thursday. BMO Capital Markets lowered their target price on Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, StockNews.com cut Constellium from a “buy” rating to a “hold” rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Constellium currently has a consensus rating of “Moderate Buy” and an average target price of $21.00.

About Constellium

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of rolled and extruded aluminum products for the packaging, aerospace, automotive, defense, and other transportation and industry end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.