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

Constellium (NYSE:CSTM) released its quarterly earnings data 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 business 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 company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period last year, the business earned $0.47 earnings per share.

Constellium Price Performance

Shares of NYSE:CSTM traded up $0.51 during midday trading on Friday, reaching $11.36. 3,629,472 shares of the company were exchanged, compared to its average volume of 1,065,467. The stock has a market cap of $1.64 billion, a PE ratio of 12.53 and a beta of 1.59. The business’s fifty day moving average is $15.71 and its two-hundred day moving average is $18.20. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 1.89. Constellium has a one year low of $10.49 and a one year high of $23.20.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CSTM shares. StockNews.com downgraded shares of Constellium from a “buy” rating to a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. reduced their price objective on Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. 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 research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft downgraded Constellium from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $22.00 to $12.00 in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.