Constellium (NYSE:CSTM) Posts Quarterly Earnings Results, Misses Expectations By $0.47 EPS

Constellium (NYSE:CSTM) released its quarterly earnings results on Thursday. The industrial products company reported ($0.34) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.47), Zacks reports. Constellium had a net margin of 1.47% and a return on equity of 10.83%.

Constellium Stock Up 13.6 %

Shares of NYSE:CSTM traded up $1.23 during trading on Thursday, hitting $10.30. The company’s stock had a trading volume of 1,077,936 shares, compared to its average volume of 1,260,666. The business has a 50 day moving average price of $10.19 and a two-hundred day moving average price of $12.85. The company has a market capitalization of $1.51 billion, a PE ratio of 14.09 and a beta of 1.68. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28. Constellium has a fifty-two week low of $9.04 and a fifty-two week high of $23.20.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Constellium from a “buy” rating to a “hold” rating and reduced their price target for the company from $22.00 to $12.00 in a research report on Thursday, October 24th. StockNews.com downgraded shares of Constellium from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, BMO Capital Markets dropped their target price on shares of Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Constellium currently has an average rating of “Moderate Buy” and an average target price of $19.50.

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.