DexCom earnings beat by $0.03, revenue topped estimates
Investing.com - BMO Capital raised its price target on Constellium (NYSE:CSTM) to $18.00 from $17.00 on Tuesday, while maintaining an Outperform rating on the aluminum products manufacturer. The stock, currently trading at $14.68, has shown impressive momentum with a 47% gain over the past six months, according to InvestingPro data.
The firm increased its target following Constellium’s in-line quarterly results and the company’s decision to raise its 2025 EBITDA guidance by approximately 3%, despite ongoing macroeconomic and trade uncertainties.
BMO Capital noted that Constellium’s free cash flow generation is expected to increase in the second half of 2025, which should continue to support healthy share repurchases.
The company reaffirmed its longer-term targets during the earnings report, marking the second consecutive quarter of solid execution despite some persistent headwinds.
BMO Capital highlighted that Constellium shares currently trade at 5.2 times 2026 estimated EBITDA and approximately 4.0 times the company’s longer-term EBITDA target, suggesting a positive risk/reward profile.
In other recent news, Constellium SE reported first-quarter results that exceeded expectations. The company posted adjusted earnings per share of €0.26, significantly higher than the analyst estimates of €0.12. Constellium’s revenue for the quarter reached €1.98 billion, surpassing the anticipated €1.79 billion, with a 5% year-over-year increase to $2.0 billion, driven by higher metal prices. Net income for the period rose to $38 million, up from $22 million in the same quarter the previous year. Additionally, Constellium announced the completion of the FlexCAR project, a five-year initiative in collaboration with ARENA2036 and other partners, focusing on modular vehicle design. The project involved significant players such as Mercedes-Benz (OTC:MBGAF), Siemens (ETR:SIEGn), Bosch (NSE:BOSH), and the German Aerospace Center. Furthermore, Constellium’s shareholders approved several board appointments and re-appointments during the recent Annual General Meeting, including the appointment of Bradley Soultz as a new director. The meeting also saw the re-appointment of Emmanuel Blot, Martha Brooks, and Lori Walker for another three-year term.
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