Constellium (NYSE:CSTM) Announces Quarterly Earnings Results

Constellium (NYSE:CSTM) released 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 firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.80 billion. Constellium had a net margin of 2.35% and a return on equity of 17.59%. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period last year, the business posted $0.47 earnings per share.

Constellium Stock Up 4.6 %

CSTM traded up $0.50 during trading on Friday, reaching $11.35. 4,265,314 shares of the stock were exchanged, compared to its average volume of 1,071,278. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.60 and a current ratio of 1.33. The stock’s 50 day moving average price is $15.62 and its two-hundred day moving average price is $18.13. Constellium has a twelve month low of $10.49 and a twelve month high of $23.20. The stock has a market cap of $1.64 billion, a P/E ratio of 12.62 and a beta of 1.59.

Wall Street Analysts Forecast Growth

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