Constellium (NYSE:CSTM) Posts Earnings Results

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

Constellium Stock Down 2.1 %

Constellium stock traded down $0.37 during trading on Thursday, reaching $17.08. The stock had a trading volume of 2,209,051 shares, compared to its average volume of 937,695. Constellium has a 52-week low of $14.12 and a 52-week high of $23.20. The business has a 50 day moving average price of $19.95 and a 200 day moving average price of $19.96. The company has a quick ratio of 0.58, a current ratio of 1.31 and a debt-to-equity ratio of 2.01. The stock has a market cap of $2.46 billion, a PE ratio of 19.38 and a beta of 1.60.

Analysts Set New Price Targets

Several research firms have recently commented on CSTM. 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 note on Wednesday. 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 note 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 note on Tuesday, July 16th. Finally, Benchmark reissued a “buy” rating and issued a $24.00 price objective on shares of Constellium in a research note on Friday, April 19th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price 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.