Constellium NV (CSTM) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS
Constellium NV (NASDAQ:CSTM) announced its earnings results on Thursday. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.03, American Banking News reports. The company had revenue of $920.00 million for the quarter, compared to the consensus estimate of $946.45 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis.
A number of analysts have recently weighed in on CSTM shares. Analysts at Credit Agricole downgraded shares of Constellium NV from an “outperform” rating to a “neutral” rating in a research note on Monday, August 18th. On a related note, analysts at Credit Suisse downgraded shares of Constellium NV from an “outperform” rating to a “neutral” rating in a research note on Monday, August 18th. They now have a $32.00 price target on the stock, down previously from $33.00. Finally, analysts at Goldman Sachs downgraded shares of Constellium NV from a “conviction-buy” rating to a “buy” rating in a research note on Friday, July 25th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Constellium NV has an average rating of “Buy” and a consensus target price of $33.80.
Constellium NV (NASDAQ:CSTM) opened at 27.70 on Thursday. Constellium NV has a 1-year low of $16.60 and a 1-year high of $32.61. The stock’s 50-day moving average is $30.00 and its 200-day moving average is $29.48. The company has a market cap of $2.908 billion and a P/E ratio of 16.55.
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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