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 Performance

Shares of CSTM stock traded up $0.51 during trading hours on Friday, reaching $11.36. The stock had a trading volume of 4,265,230 shares, compared to its average volume of 1,071,278. The firm has a market capitalization of $1.64 billion, a PE ratio of 12.53 and a beta of 1.59. The firm has a 50-day simple moving average of $15.71 and a 200-day simple moving average of $18.20. Constellium has a twelve month low of $10.49 and a twelve month 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.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. StockNews.com cut shares of Constellium from a “buy” rating to a “hold” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft cut shares of Constellium from a “buy” rating to a “hold” rating and decreased their price objective for the company from $22.00 to $12.00 in a research report on Thursday. BMO Capital Markets dropped 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, JPMorgan Chase & Co. reduced their price target on Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average 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.