Analysts Anticipate Constellium (CSTM) to Post $0.23 EPS

Equities analysts predict that Constellium (NYSE:CSTM) will announce $0.23 earnings per share for the current quarter, Zacks reports. Four analysts have issued estimates for Constellium’s earnings, with estimates ranging from $0.21 to $0.24. Constellium posted earnings of $0.13 per share in the same quarter last year, which suggests a positive year over year growth rate of 76.9%. The company is scheduled to issue its next quarterly earnings results on Thursday, April 26th.

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

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

Several equities analysts have recently issued reports on the company. ValuEngine raised Constellium from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Morgan Stanley boosted their target price on Constellium from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. Cowen set a $20.00 target price on Constellium and gave the company a “buy” rating in a research note on Tuesday, February 6th. Societe Generale cut Constellium from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. Finally, Goldman Sachs assumed coverage on Constellium in a research note on Tuesday, March 20th. They set a “buy” rating and a $16.00 target price on the stock. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Constellium currently has a consensus rating of “Hold” and a consensus price target of $14.60.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sound Point Capital Management LP bought a new stake in shares of Constellium during the fourth quarter valued at approximately $6,409,000. BB&T Securities LLC boosted its position in shares of Constellium by 204.9% during the fourth quarter. BB&T Securities LLC now owns 44,582 shares of the industrial products company’s stock valued at $497,000 after purchasing an additional 29,962 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of Constellium by 124.0% during the fourth quarter. Macquarie Group Ltd. now owns 49,683 shares of the industrial products company’s stock valued at $554,000 after purchasing an additional 27,500 shares in the last quarter. Millennium Management LLC boosted its position in shares of Constellium by 80.9% during the fourth quarter. Millennium Management LLC now owns 774,630 shares of the industrial products company’s stock valued at $8,637,000 after purchasing an additional 346,529 shares in the last quarter. Finally, Raymond James & Associates boosted its position in shares of Constellium by 82.4% during the fourth quarter. Raymond James & Associates now owns 47,972 shares of the industrial products company’s stock valued at $535,000 after purchasing an additional 21,666 shares in the last quarter. Institutional investors own 80.66% of the company’s stock.

Shares of Constellium stock opened at $11.05 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 1.26 and a debt-to-equity ratio of -6.34. Constellium has a one year low of $5.35 and a one year high of $14.10.

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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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