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 interested in listening to the company’s conference call can do so using this link.

Constellium (NYSE:CSTM) last issued its earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 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 analyst estimates of $1.89 billion. Constellium had a net margin of 2.35% and a return on equity of 17.59%. The company’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same period last year, the company 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 NYSE:CSTM opened at $14.14 on Tuesday. The firm has a market cap of $2.04 billion, a PE ratio of 15.71 and a beta of 1.59. The firm’s 50 day simple moving average is $15.94 and its 200-day simple moving average is $18.36. Constellium has a one year low of $14.12 and a one year high of $23.20. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.60 and a current ratio of 1.33.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CSTM shares. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Constellium from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. JPMorgan Chase & Co. cut 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, BMO Capital Markets cut 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. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $23.80.

About Constellium

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.