Wall Street brokerages predict that Constellium NV (NYSE:CSTM) will post earnings per share of $0.33 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Constellium’s earnings, with the lowest EPS estimate coming in at $0.29 and the highest estimate coming in at $0.36. Constellium reported earnings of $0.47 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 29.8%. The business is expected to announce its next quarterly earnings report before the market opens on Wednesday, July 24th.
According to Zacks, analysts expect that Constellium will report full year earnings of $1.04 per share for the current fiscal year, with EPS estimates ranging from $0.93 to $1.12. For the next financial year, analysts expect that the business will report earnings of $1.45 per share, with EPS estimates ranging from $1.35 to $1.70. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Constellium.
Constellium (NYSE:CSTM) last released its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.01). The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.49 billion. Constellium had a net margin of 4.13% and a negative return on equity of 63.65%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.18) EPS.
A number of analysts have recently commented on CSTM shares. Deutsche Bank set a $81.00 price objective on shares of Franco Nevada and gave the stock a “hold” rating in a research report on Thursday, July 11th. ValuEngine raised shares of WEX from a “hold” rating to a “buy” rating in a research report on Thursday, June 13th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $13.40.
Shares of Constellium stock traded up $0.24 on Friday, hitting $10.35. The company had a trading volume of 14,180 shares, compared to its average volume of 723,303. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 14.48 and a beta of 1.72. Constellium has a twelve month low of $6.26 and a twelve month high of $13.35. The company has a 50-day simple moving average of $9.68.
Several hedge funds have recently made changes to their positions in CSTM. Jennison Associates LLC raised its position in Constellium by 26.0% during the first quarter. Jennison Associates LLC now owns 1,150,603 shares of the industrial products company’s stock worth $9,182,000 after acquiring an additional 237,285 shares in the last quarter. Norges Bank bought a new stake in Constellium during the fourth quarter worth $7,280,000. Overbrook Management Corp raised its position in Constellium by 16.8% during the first quarter. Overbrook Management Corp now owns 347,366 shares of the industrial products company’s stock worth $2,772,000 after acquiring an additional 50,033 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Constellium by 1.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 126,344 shares of the industrial products company’s stock valued at $1,008,000 after purchasing an additional 2,369 shares during the period. Finally, Wedbush Securities Inc. bought a new position in shares of Constellium in the first quarter valued at about $152,000. 65.95% of the stock is currently owned by institutional investors and hedge funds.
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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