Wall Street analysts expect Constellium NV (NYSE:CSTM) to post earnings per share (EPS) of $0.14 for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Constellium’s earnings. The lowest EPS estimate is $0.05 and the highest is $0.24. Constellium reported earnings per share of ($0.77) during the same quarter last year, which would suggest a positive year over year growth rate of 118.2%. The company is scheduled to announce its next quarterly earnings results on Thursday, February 28th.
According to Zacks, analysts expect that Constellium will report full-year earnings of $1.42 per share for the current fiscal year, with EPS estimates ranging from $0.62 to $2.18. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.17 per share, with EPS estimates ranging from $0.98 to $1.45. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Constellium.
A number of equities research analysts have recently issued reports on CSTM shares. ValuEngine upgraded shares of Constellium from a “hold” rating to a “buy” rating in a research report on Friday, September 14th. Societe Generale upgraded shares of Constellium from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Tuesday, October 30th. Deutsche Bank set a $15.00 price target on shares of Constellium and gave the company a “buy” rating in a research report on Tuesday, October 2nd. Morgan Stanley lifted their price target on shares of Constellium from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Wednesday, August 1st. Finally, Jefferies Financial Group set a $16.00 price objective on Constellium and gave the stock a “buy” rating in a research report on Tuesday, July 24th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $15.25.
CSTM stock opened at $9.21 on Friday. Constellium has a 12-month low of $8.16 and a 12-month high of $14.10. The company has a market cap of $1.00 billion, a PE ratio of -28.78 and a beta of 1.33.
Institutional investors have recently modified their holdings of the stock. Public Employees Retirement Association of Colorado purchased a new stake in Constellium in the 2nd quarter worth approximately $105,000. SG Americas Securities LLC purchased a new stake in Constellium in the 2nd quarter worth approximately $105,000. Bank of New York Mellon Corp purchased a new stake in Constellium in the 2nd quarter worth approximately $127,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Constellium in the 2nd quarter worth approximately $137,000. Finally, Iberiabank Corp purchased a new stake in Constellium in the 3rd quarter worth approximately $193,000. Hedge funds and other institutional investors own 86.32% of the company’s stock.
Constellium Company Profile
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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