Constellium NV (NYSE:CSTM) Expected to Post Earnings of $0.09 Per Share

Brokerages expect Constellium NV (NYSE:CSTM) to post earnings per share of $0.09 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Constellium’s earnings. The highest EPS estimate is $0.19 and the lowest is $0.02. Constellium posted earnings per share of ($0.23) during the same quarter last year, which indicates a positive year-over-year growth rate of 139.1%. The company is scheduled to report its next earnings report on Thursday, February 20th.

On average, analysts expect that Constellium will report full-year earnings of $0.37 per share for the current financial year, with EPS estimates ranging from $0.33 to $0.39. For the next fiscal year, analysts anticipate that the business will report earnings of $1.06 per share, with EPS estimates ranging from $0.82 to $1.36. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Constellium.

Constellium (NYSE:CSTM) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.27). Constellium had a negative net margin of 0.28% and a negative return on equity of 12.92%. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the prior year, the company earned $1.54 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis.

Several equities research analysts have recently commented on the company. ValuEngine downgraded Constellium from a “buy” rating to a “hold” rating in a report on Saturday, October 5th. Credit Suisse Group increased their price objective on Constellium from $20.00 to $23.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th.

Shares of NYSE CSTM traded up $0.16 during mid-day trading on Tuesday, hitting $14.35. 784,743 shares of the company traded hands, compared to its average volume of 1,082,745. Constellium has a 1 year low of $6.26 and a 1 year high of $14.79. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 20.21 and a beta of 1.75. The business has a 50 day moving average of $13.40 and a two-hundred day moving average of $11.23.

Institutional investors have recently made changes to their positions in the stock. Signaturefd LLC purchased a new stake in Constellium in the 2nd quarter worth about $40,000. Public Employees Retirement Association of Colorado purchased a new stake in Constellium in the 3rd quarter worth about $130,000. Tower Research Capital LLC TRC lifted its stake in Constellium by 124.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 11,130 shares of the industrial products company’s stock worth $112,000 after acquiring an additional 6,164 shares in the last quarter. Private Advisor Group LLC purchased a new stake in Constellium in the 2nd quarter worth about $140,000. Finally, Sciencast Management LP purchased a new stake in Constellium in the 3rd quarter worth about $233,000. 66.67% of the stock is owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for Constellium (NYSE:CSTM)

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