Constellium (CSTM) to Release Earnings on Wednesday

Constellium (NYSE:CSTM) is set to release its earnings data before the market opens on Wednesday, April 24th. Analysts expect Constellium to post earnings of $0.34 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Constellium (NYSE:CSTM) last posted its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.23). The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.73 billion. Constellium had a return on equity of 16.86% and a net margin of 1.73%. On average, analysts expect Constellium to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Constellium Price Performance

Constellium stock opened at $20.97 on Wednesday. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 22.55 and a beta of 1.71. Constellium has a 52-week low of $13.40 and a 52-week high of $23.20. The stock’s 50 day moving average price is $20.34 and its two-hundred day moving average price is $18.77. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.52 and a current ratio of 1.31.

Institutional Investors Weigh In On Constellium

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. raised its position in Constellium by 35.0% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 2,700 shares of the industrial products company’s stock valued at $41,000 after buying an additional 700 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Constellium by 0.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 184,945 shares of the industrial products company’s stock valued at $2,188,000 after purchasing an additional 739 shares during the last quarter. North Run Capital LP increased its position in shares of Constellium by 0.8% during the 4th quarter. North Run Capital LP now owns 93,220 shares of the industrial products company’s stock valued at $1,103,000 after purchasing an additional 750 shares during the last quarter. Advisor Group Holdings Inc. increased its position in shares of Constellium by 26.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,612 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 757 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Constellium by 2.3% during the 4th quarter. Wells Fargo & Company MN now owns 34,787 shares of the industrial products company’s stock valued at $412,000 after purchasing an additional 791 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CSTM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on Constellium from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. UBS Group assumed coverage on Constellium in a report on Tuesday, January 16th. They set a “buy” rating and a $27.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Constellium from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $25.60.

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.