Constellium (NYSE:CSTM) Announces Earnings Results, Beats Expectations By $0.05 EPS

Constellium (NYSE:CSTM) posted its earnings results on Tuesday. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05, Briefing.com reports. The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.89 billion. Constellium had a net margin of 2.35% and a return on equity of 17.93%. The company’s revenue was down 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 EPS.

Constellium Stock Down 2.1 %

NYSE:CSTM traded down $0.37 during trading hours on Thursday, hitting $17.08. The stock had a trading volume of 2,209,051 shares, compared to its average volume of 937,695. The company has a market cap of $2.46 billion, a PE ratio of 19.38 and a beta of 1.60. The company has a current ratio of 1.31, a quick ratio of 0.58 and a debt-to-equity ratio of 2.01. The business has a 50 day simple moving average of $19.95 and a two-hundred day simple moving average of $19.96. Constellium has a 1-year low of $14.12 and a 1-year high of $23.20.

Analysts Set New Price Targets

A number of research firms recently issued reports on CSTM. Benchmark reissued a “buy” rating and set a $24.00 target price on shares of Constellium in a research report on Friday, April 19th. JPMorgan Chase & Co. lowered their price objective on shares of Constellium from $27.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, July 11th. 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 report on Tuesday, July 16th. Finally, BMO Capital Markets lowered their price objective on shares of Constellium from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Wednesday. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently 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.