Constellium NV (CSTM) Releases Earnings Results, Misses Expectations By $-0.19 EPS

Constellium NV (CSTM) reported quarterly earnings results on Thursday, May-12-2016. The company reported $-0.08 earnings per share for the quarter, missing the analyst consensus estimate by $-0.19. Analysts had a consensus of $0.11. The company posted revenue of $1150.00 million in the period, compared to analysts expectations of $1210.74 million. The company’s revenue was down -17.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.02 EPS.

Many Wall Street Analysts have commented on Constellium NV. Shares were Reiterated by Cowen on Mar 18, 2016 to “Market Perform” and Lowered the Price Target to $ 6 from a previous price target of $10 .Constellium NV was Initiated by Credit Suisse to “Outperform” on Mar 11, 2016.

Constellium NV opened for trading at $5.48 and hit $5.63 on the upside on Tuesday, eventually ending the session at $5.58, with a gain of 2.39% or 0.13 points. The heightened volatility saw the trading volume jump to 5,91,507 shares. Company has a market cap of $589 M.

Constellium N.V. formerly Constellium Holdco BV is a Netherlands-based company which is engaged in the manufacture of aluminum products and solutions. The Company is a supplier of such sectors as: aerospace automotive and packaging. The Company offers plates sheet and coil precision casting cockpit carriers for vehicles vehicle safety components profiles as well as tubes and bars among others. Its main customers include: Airbus Boeing Embraer Audi BMW Citroen Renault Mercedes Benz Jaguar and others. The Company is active domestically and abroad including North America Europe and Asia.

Constellium NV

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