Constellium (NYSE:CSTM) Announces Quarterly Earnings Results

Constellium (NYSE:CSTM) announced its quarterly earnings results on Wednesday. The industrial products company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.38), Briefing.com reports. The firm had revenue of $1.64 billion during 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 company’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.47 EPS.

Constellium Trading Up 4.6 %

NYSE:CSTM traded up $0.50 during trading hours on Friday, reaching $11.35. 4,265,184 shares of the company were exchanged, compared to its average volume of 1,071,274. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 12.53 and a beta of 1.59. The stock has a 50 day simple moving average of $15.71 and a 200 day simple moving average of $18.20. Constellium has a 52-week low of $10.49 and a 52-week high of $23.20. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.33 and a quick ratio of 0.60.

Analysts Set New Price Targets

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

Constellium Company Profile

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.