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

by · The Cerbat Gem

Constellium (NYSE:CSTM – Get Free Report) issued its quarterly earnings results on Wednesday. The industrial products company reported $0.02 earnings per share 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 analyst estimates of $1.80 billion. Constellium had a return on equity of 17.59% and a net margin of 2.35%. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 EPS.

Constellium Stock Up 4.6 %

CSTM traded up $0.50 on Friday, reaching $11.35. The company’s stock had a trading volume of 4,264,443 shares, compared to its average volume of 1,071,254. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.33 and a quick ratio of 0.60. Constellium has a 1 year low of $10.49 and a 1 year high of $23.20. The business’s 50 day moving average is $15.71 and its 200 day moving average is $18.20. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 12.53 and a beta of 1.59.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CSTM. BMO Capital Markets dropped 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. StockNews.com cut Constellium from a “buy” rating to a “hold” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft cut shares of Constellium from a “buy” rating to a “hold” rating and reduced their price objective for the company from $22.00 to $12.00 in a research note on Thursday. Finally, 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 report on Friday, October 11th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.00.

Get Our Latest Stock Report on CSTM

About Constellium

(Get Free Report)

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.

Read More