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

Constellium (NYSE:CSTM) released its quarterly earnings data on Tuesday. The industrial products company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05, Briefing.com reports. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.89 billion. Constellium had a net margin of 2.35% and a return on equity of 17.59%. The business’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.35 earnings per share.

Constellium Trading Up 1.1 %

Constellium stock traded up $0.19 during trading on Friday, reaching $17.27. 576,154 shares of the company were exchanged, compared to its average volume of 935,166. The stock’s 50 day simple moving average is $19.87 and its two-hundred day simple moving average is $19.94. The company has a market capitalization of $2.49 billion, a P/E ratio of 18.98 and a beta of 1.60. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.33 and a quick ratio of 0.58. Constellium has a 52-week low of $14.12 and a 52-week high of $23.20.

Analysts Set New Price Targets

CSTM has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Constellium from $24.50 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, July 16th. JPMorgan Chase & Co. dropped their price objective on shares of Constellium from $27.00 to $26.00 and set an “overweight” rating on the stock in a research note on Thursday, July 11th. Benchmark reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Constellium in a report on Friday, April 19th. Finally, BMO Capital Markets lowered their target price on shares of Constellium from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Wednesday. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $25.00.

About Constellium

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.