Wall Street brokerages forecast that Constellium NV (NYSE:CSTM) will announce $0.23 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Constellium’s earnings, with the highest EPS estimate coming in at $0.30 and the lowest estimate coming in at $0.19. Constellium reported earnings of $0.24 per share during the same quarter last year, which suggests a negative year over year growth rate of 4.2%. The firm is expected to report its next quarterly earnings results on Thursday, October 25th.
According to Zacks, analysts expect that Constellium will report full-year earnings of $0.66 per share for the current fiscal year, with EPS estimates ranging from $0.56 to $0.80. For the next financial year, analysts forecast that the business will post earnings of $1.29 per share, with EPS estimates ranging from $1.09 to $1.45. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Constellium.
Constellium (NYSE:CSTM) last posted its earnings results on Tuesday, July 24th. The industrial products company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.09. Constellium had a negative net margin of 0.54% and a negative return on equity of 4.32%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the firm posted $0.15 EPS. The business’s quarterly revenue was up 6.7% on a year-over-year basis.
A number of analysts have recently weighed in on CSTM shares. Seaport Global Securities upgraded shares of Constellium from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $14.00 to $16.00 in a report on Friday, April 27th. BMO Capital Markets boosted their target price on shares of Constellium from $13.00 to $14.00 and gave the stock a “market perform” rating in a report on Friday, April 27th. ValuEngine upgraded shares of Constellium from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Jefferies Financial Group started coverage on shares of Constellium in a report on Monday, July 16th. They issued a “buy” rating and a $14.00 target price on the stock. Finally, Morgan Stanley boosted their target price on shares of Constellium from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Wednesday, August 1st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $16.50.
Several hedge funds have recently added to or reduced their stakes in CSTM. Bank of New York Mellon Corp purchased a new position in shares of Constellium during the 4th quarter worth about $147,000. Raymond James & Associates boosted its stake in shares of Constellium by 82.4% during the 4th quarter. Raymond James & Associates now owns 47,972 shares of the industrial products company’s stock worth $535,000 after purchasing an additional 21,666 shares during the period. Hennessy Advisors Inc. purchased a new position in shares of Constellium during the 1st quarter worth about $3,527,000. Wells Fargo & Company MN boosted its stake in shares of Constellium by 7.2% during the 1st quarter. Wells Fargo & Company MN now owns 454,304 shares of the industrial products company’s stock worth $4,929,000 after purchasing an additional 30,429 shares during the period. Finally, Motley Fool Wealth Management LLC boosted its stake in shares of Constellium by 7.2% during the 1st quarter. Motley Fool Wealth Management LLC now owns 499,690 shares of the industrial products company’s stock worth $5,422,000 after purchasing an additional 33,400 shares during the period. 87.66% of the stock is owned by hedge funds and other institutional investors.
Shares of Constellium stock traded up $0.57 during trading hours on Tuesday, reaching $11.82. The company’s stock had a trading volume of 34,860 shares, compared to its average volume of 857,539. Constellium has a one year low of $9.07 and a one year high of $14.10. The company has a quick ratio of 0.66, a current ratio of 1.23 and a debt-to-equity ratio of -7.55. The company has a market cap of $1.22 billion, a PE ratio of -35.78 and a beta of 1.05.
Constellium N.V. engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the aerospace, packaging, and automotive end-markets. The company operates in three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.
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