Constellium (NYSE:CSTM) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Key Points

• Constellium reported an earnings per share (EPS) of $0.25, missing analysts' expectations of $0.30 by $0.05.
• The company's net margin stands at 0.92% with a return on equity of 7.74%.
• Institutional investors collectively own 92.59% of Constellium's stock, with notable increases in stakes from AQR Capital Management and others.

Constellium (NYSE:CSTM - Get Free Report) posted its quarterly earnings data on Tuesday. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.03), Zacks reports. The company had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.08 billion. Constellium had a return on equity of 3.39% and a net margin of 0.37%.

Constellium Price Performance

Constellium stock traded down $0.51 during mid-day trading on Friday, hitting $13.20. 2,099,467 shares of the company traded hands, compared to its average volume of 1,625,542. Constellium has a one year low of $7.32 and a one year high of $17.27. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 69.48 and a beta of 1.69. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.53 and a current ratio of 1.24. The stock has a fifty day moving average price of $13.46 and a 200-day moving average price of $11.41.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Constellium by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,021 shares of the industrial products company's stock worth $777,000 after purchasing an additional 3,393 shares during the period. AQR Capital Management LLC lifted its position in Constellium by 354.0% during the first quarter. AQR Capital Management LLC now owns 91,566 shares of the industrial products company's stock valued at $924,000 after purchasing an additional 71,396 shares during the period. Finally, Royal Bank of Canada raised its position in Constellium by 5.3% in the first quarter. Royal Bank of Canada now owns 72,526 shares of the industrial products company's stock worth $732,000 after acquiring an additional 3,629 shares during the period. 92.59% of the stock is owned by hedge funds and other 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.