Constellium NV (NYSE:CSTM) – Investment analysts at Seaport Global Securities dropped their FY2019 earnings per share (EPS) estimates for Constellium in a research report issued to clients and investors on Wednesday, October 9th. Seaport Global Securities analyst J. Sullivan now anticipates that the industrial products company will post earnings per share of $0.78 for the year, down from their prior estimate of $0.84. Seaport Global Securities also issued estimates for Constellium’s Q4 2019 earnings at $0.14 EPS.
Constellium (NYSE:CSTM) last released its earnings results on Wednesday, July 24th. The industrial products company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.20). The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.54 billion. Constellium had a negative return on equity of 49.69% and a net margin of 3.44%. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the company earned $0.39 earnings per share.
Other research analysts have also recently issued research reports about the company. ValuEngine cut Constellium from a “buy” rating to a “hold” rating in a report on Saturday, October 5th. Deutsche Bank set a $12.00 price target on Constellium and gave the company a “buy” rating in a report on Thursday, July 11th.
CSTM opened at $13.35 on Thursday. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 18.80 and a beta of 1.70. Constellium has a 1-year low of $6.26 and a 1-year high of $14.16. The business has a 50 day moving average price of $12.60 and a two-hundred day moving average price of $10.52.
A number of large investors have recently made changes to their positions in CSTM. Xact Kapitalforvaltning AB acquired a new stake in Constellium during the 1st quarter valued at $235,000. Overbrook Management Corp raised its stake in Constellium by 16.8% during the 1st quarter. Overbrook Management Corp now owns 347,366 shares of the industrial products company’s stock valued at $2,772,000 after purchasing an additional 50,033 shares during the period. Marshall Wace North America L.P. raised its stake in Constellium by 50.2% during the 1st quarter. Marshall Wace North America L.P. now owns 887,034 shares of the industrial products company’s stock valued at $7,076,000 after purchasing an additional 296,345 shares during the period. FMR LLC raised its stake in Constellium by 24.9% during the 1st quarter. FMR LLC now owns 4,166,800 shares of the industrial products company’s stock valued at $33,251,000 after purchasing an additional 829,800 shares during the period. Finally, Segantii Capital Management Ltd acquired a new stake in Constellium during the 2nd quarter valued at $502,000. 68.17% of the stock is currently owned by institutional investors.
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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