Constellium (NYSE:CSTM) Issues Quarterly Earnings Results

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

Constellium Price Performance

CSTM stock traded up $0.43 during trading on Friday, hitting $11.28. The company had a trading volume of 2,983,403 shares, compared to its average volume of 1,064,702. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 12.06 and a beta of 1.59. The business has a 50 day moving average of $15.71 and a 200 day moving average of $18.20. Constellium has a fifty-two week low of $10.49 and a fifty-two week high of $23.20. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 1.89.

Wall Street Analyst Weigh In

Several analysts have weighed in on CSTM shares. JPMorgan Chase & Co. lowered their target price 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 downgraded shares of Constellium from a “buy” rating to a “hold” rating in a report on Thursday. BMO Capital Markets reduced their price target on shares of Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Constellium from a “buy” rating to a “hold” rating and reduced their price target for the company from $22.00 to $12.00 in a 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, the company has an average rating of “Moderate Buy” and an average target price 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.