Constellium (NYSE:CSTM) Posts Earnings Results

Constellium (NYSE:CSTM) released its quarterly earnings results on Wednesday. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.15), reports. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.71 billion. Constellium had a net margin of 1.73% and a return on equity of 15.68%.

Constellium Price Performance

CSTM traded up $0.33 during trading on Friday, reaching $20.70. 910,407 shares of the company traded hands, compared to its average volume of 957,925. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.52 and a current ratio of 1.31. Constellium has a 12-month low of $13.77 and a 12-month high of $23.20. The firm has a fifty day simple moving average of $20.59 and a 200 day simple moving average of $18.92. The company has a market cap of $2.99 billion, a P/E ratio of 22.99 and a beta of 1.71.

Analysts Set New Price Targets

CSTM has been the subject of a number of recent research reports. Benchmark restated a “buy” rating and set a $24.00 price target on shares of Constellium in a research note on Friday, April 19th. UBS Group assumed coverage on shares of Constellium in a report on Tuesday, January 16th. They issued a “buy” rating and a $27.00 target price for the company. Deutsche Bank Aktiengesellschaft increased their target price on shares of Constellium from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Constellium from $28.00 to $27.00 and set an “overweight” rating for the company in a report on Thursday. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, Constellium has a consensus rating of “Buy” and a consensus target price of $25.40.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Covestor Ltd boosted its position in shares of Constellium by 12.2% during the 3rd quarter. Covestor Ltd now owns 6,564 shares of the industrial products company’s stock valued at $119,000 after acquiring an additional 716 shares during the last quarter. Saxon Interests Inc. bought a new stake in Constellium in the first quarter worth $206,000. Highland Capital Management LLC bought a new stake in Constellium in the fourth quarter worth $201,000. M&T Bank Corp bought a new stake in Constellium in the fourth quarter worth $203,000. Finally, Spire Wealth Management lifted its position in Constellium by 11.2% in the third quarter. Spire Wealth Management now owns 10,338 shares of the industrial products company’s stock worth $188,000 after buying an additional 1,042 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

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.