Constellium (NYSE:CSTM) Issues Earnings Results

Constellium (NYSE:CSTM) released its quarterly earnings results on Tuesday. The industrial products company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.43 by $0.05, Briefing.com reports. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.89 billion. Constellium had a net margin of 2.35% and a return on equity of 17.59%. The company’s quarterly revenue was down 7.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.35 earnings per share.

Constellium Stock Performance

Shares of NYSE:CSTM traded up $0.24 during trading on Friday, reaching $17.32. 549,338 shares of the company’s stock traded hands, compared to its average volume of 934,583. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.33 and a quick ratio of 0.58. Constellium has a 12 month low of $14.12 and a 12 month high of $23.20. The company has a 50 day moving average of $19.87 and a 200-day moving average of $19.94. The stock has a market capitalization of $2.50 billion, a P/E ratio of 18.98 and a beta of 1.60.

Wall Street Analyst Weigh In

Several analysts have commented on CSTM shares. BMO Capital Markets lowered their target price on shares of Constellium from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. lowered their target price on shares of Constellium from $27.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday, July 11th. Benchmark reaffirmed a “buy” rating and issued a $24.00 target price on shares of Constellium in a research note on Friday, April 19th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Constellium from $24.50 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, July 16th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Constellium currently has a consensus rating of “Buy” and an average price target of $25.00.

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.