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

Constellium (NYSE:CSTM) released its quarterly earnings results on Wednesday. The industrial products company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.38), Briefing.com reports. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.80 billion. Constellium had a return on equity of 17.59% and a net margin of 2.35%. Constellium’s revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 earnings per share.

Constellium Price Performance

Shares of NYSE CSTM traded up $0.50 during mid-day trading on Friday, hitting $11.35. 4,265,314 shares of the stock traded hands, compared to its average volume of 1,071,278. The company has a market cap of $1.64 billion, a PE ratio of 12.62 and a beta of 1.59. 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. The firm has a 50 day simple moving average of $15.62 and a two-hundred day simple moving average of $18.13.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. StockNews.com downgraded Constellium from a “buy” rating to a “hold” rating in a research report on Thursday. BMO Capital Markets reduced their price objective on shares of Constellium from $22.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. dropped their target price on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Constellium from a “buy” rating to a “hold” rating and reduced their price target for the stock from $22.00 to $12.00 in a research report on Thursday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Constellium currently has an average rating of “Moderate Buy” and a consensus price target of $21.00.

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.