Constellium NV (CSTM) Releases Quarterly Earnings Results, Misses Expectations By $0.09 EPS
Constellium NV (NASDAQ:CSTM) issued its quarterly earnings data on Friday. The company reported $0.28 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.37 by $0.09, Analyst Ratings News reports. The company had revenue of $883.00 million for the quarter, compared to the consensus estimate of $929.73 million. Constellium NV’s revenue was down 3.1% compared to the same quarter last year.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Constellium NV from a “neutral” rating to an “underperform” rating in a research note on Wednesday, May 7th. They now have a $29.20 price target on the stock. On a related note, analysts at Barclays reiterated an “equal weight” rating on shares of Constellium NV in a research note on Thursday, April 10th. They now have a $32.00 price target on the stock, up previously from $25.00. Finally, analysts at Societe Generale raised their price target on shares of Constellium NV from $25.00 to $33.00 in a research note on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. Constellium NV presently has a consensus rating of “Buy” and an average target price of $30.40.
Shares of Constellium NV (NASDAQ:CSTM) opened at 28.57 on Friday. Constellium NV has a one year low of $13.26 and a one year high of $31.11. The stock’s 50-day moving average is $29.59 and its 200-day moving average is $25.18. The company has a market cap of $3.001 billion and a price-to-earnings ratio of 21.25.
Constellium N.V., formerly Constellium Holdco BV, is a Netherlands-based company, which is engaged in the manufacture of aluminum products and solutions.
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