Constellium (CSTM) Set to Announce Quarterly Earnings on Wednesday

Constellium (NYSE:CSTM) is set to announce its earnings results before the market opens on Wednesday, October 23rd. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Constellium (NYSE:CSTM) last issued its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.89 billion. Constellium had a return on equity of 17.59% and a net margin of 2.35%. The business’s quarterly revenue was down 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 earnings per share. On average, analysts expect Constellium to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Constellium Stock Performance

Shares of CSTM stock opened at $14.14 on Tuesday. The business’s fifty day simple moving average is $15.94 and its 200-day simple moving average is $18.36. The company has a market cap of $2.04 billion, a PE ratio of 15.71 and a beta of 1.59. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 1.89. Constellium has a 12-month low of $14.12 and a 12-month high of $23.20.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CSTM. BMO Capital Markets dropped their price objective on shares of Constellium from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Thursday, October 10th. JPMorgan Chase & Co. dropped their price objective on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Constellium from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $23.80.

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.