Zacks: Brokerages Expect Constellium (CSTM) Will Post Earnings of $0.23 Per Share

Analysts predict that Constellium (NYSE:CSTM) will post earnings per share (EPS) of $0.23 for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Constellium’s earnings, with estimates ranging from $0.21 to $0.24. Constellium reported earnings of $0.13 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 76.9%. The business is expected to report its next quarterly earnings report on Thursday, April 26th.

On average, analysts expect that Constellium will report full year earnings of $1.10 per share for the current fiscal year, with EPS estimates ranging from $1.04 to $1.18. For the next fiscal year, analysts anticipate that the business will report earnings of $1.33 per share, with EPS estimates ranging from $1.30 to $1.35. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Constellium.

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Constellium (NYSE:CSTM) last announced its quarterly earnings data on Thursday, February 22nd. The industrial products company reported ($0.77) EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.87). Constellium had a negative return on equity of 5.81% and a negative net margin of 0.66%. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the business posted ($0.19) EPS. The business’s quarterly revenue was up 7.5% compared to the same quarter last year.

A number of research firms have commented on CSTM. Societe Generale downgraded Constellium from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Morgan Stanley lifted their target price on Constellium from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Cowen set a $13.00 target price on Constellium and gave the company a “buy” rating in a research report on Tuesday, December 12th. ValuEngine downgraded Constellium from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Finally, Goldman Sachs began coverage on Constellium in a research report on Tuesday, March 20th. They issued a “buy” rating and a $16.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $14.60.

NYSE:CSTM traded up $0.15 on Wednesday, reaching $11.20. The company’s stock had a trading volume of 252,214 shares, compared to its average volume of 1,403,787. Constellium has a 12-month low of $5.35 and a 12-month high of $14.10. The company has a quick ratio of 0.68, a current ratio of 1.26 and a debt-to-equity ratio of -6.34. The company has a market capitalization of $1,166.68, a P/E ratio of -35.00 and a beta of 0.90.

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in shares of Constellium by 2,011.0% in the 4th quarter. BlackRock Inc. now owns 2,154,669 shares of the industrial products company’s stock valued at $24,025,000 after purchasing an additional 2,052,599 shares during the last quarter. Monarch Partners Asset Management LLC bought a new position in shares of Constellium in the fourth quarter valued at $16,219,000. Boussard & Gavaudan Investment Management LLP increased its holdings in shares of Constellium by 79.9% in the fourth quarter. Boussard & Gavaudan Investment Management LLP now owns 2,719,822 shares of the industrial products company’s stock valued at $30,054,000 after buying an additional 1,207,612 shares in the last quarter. Governors Lane LP increased its holdings in shares of Constellium by 97.9% in the fourth quarter. Governors Lane LP now owns 2,275,288 shares of the industrial products company’s stock valued at $25,369,000 after buying an additional 1,125,288 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Constellium by 104.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,273,650 shares of the industrial products company’s stock valued at $14,201,000 after buying an additional 650,706 shares in the last quarter. Hedge funds and other institutional investors own 80.71% of the company’s stock.

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About Constellium

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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