Constellium (NYSE:CSTM) Posts Quarterly Earnings Results, Misses Estimates By $0.15 EPS

Constellium (NYSE:CSTM) issued its quarterly earnings data 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 company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Constellium had a net margin of 1.73% and a return on equity of 15.90%.

Constellium Price Performance

Shares of NYSE CSTM opened at $20.37 on Friday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.52 and a current ratio of 1.31. The company has a market cap of $2.94 billion, a PE ratio of 22.63 and a beta of 1.71. The business has a 50-day simple moving average of $20.57 and a two-hundred day simple moving average of $18.91. Constellium has a fifty-two week low of $13.40 and a fifty-two week high of $23.20.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CSTM. UBS Group assumed coverage on Constellium in a research note on Tuesday, January 16th. They issued a “buy” rating and a $27.00 price target for the company. Deutsche Bank Aktiengesellschaft raised their price objective on Constellium from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, January 23rd. JPMorgan Chase & Co. dropped their price objective on Constellium from $28.00 to $27.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Benchmark reaffirmed a “buy” rating and set a $24.00 price objective on shares of Constellium in a research report on Friday, April 19th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $25.40.

Institutional Investors Weigh In On Constellium

A number of institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC increased its position in shares of Constellium by 1.7% in the third quarter. FMR LLC now owns 14,681,988 shares of the industrial products company’s stock valued at $267,212,000 after buying an additional 251,829 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Constellium by 2.5% in the third quarter. Jennison Associates LLC now owns 5,678,571 shares of the industrial products company’s stock valued at $103,350,000 after buying an additional 136,338 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in Constellium by 19.4% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 3,102,580 shares of the industrial products company’s stock worth $68,598,000 after purchasing an additional 504,421 shares during the last quarter. Rubric Capital Management LP increased its stake in Constellium by 49.6% in the fourth quarter. Rubric Capital Management LP now owns 2,924,438 shares of the industrial products company’s stock valued at $58,372,000 after purchasing an additional 970,164 shares during the last quarter. Finally, Cannell & Co. grew its position in Constellium by 29.3% during the fourth quarter. Cannell & Co. now owns 2,561,727 shares of the industrial products company’s stock valued at $51,132,000 after acquiring an additional 580,500 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

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.