Wall Street brokerages expect that Constellium NV (NYSE:CSTM) will report earnings per share of $0.10 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Constellium’s earnings. The highest EPS estimate is $0.11 and the lowest is $0.08. Constellium reported earnings of ($0.21) per share in the same quarter last year, which would indicate a positive year over year growth rate of 147.6%. The firm is scheduled to announce its next earnings report before the market opens on Thursday, February 22nd.
According to Zacks, analysts expect that Constellium will report full-year earnings of $0.57 per share for the current fiscal year, with EPS estimates ranging from $0.41 to $0.65. For the next year, analysts anticipate that the firm will post earnings of $1.09 per share, with EPS estimates ranging from $1.01 to $1.20. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that cover Constellium.
Several equities research analysts have recently issued reports on CSTM shares. BidaskClub lowered shares of Constellium from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Cowen set a $20.00 target price on shares of Constellium and gave the stock a “buy” rating in a report on Tuesday, February 6th. ValuEngine upgraded shares of Constellium from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. BMO Capital Markets set a $13.00 target price on shares of Constellium and gave the stock a “hold” rating in a report on Friday, October 27th. Finally, Morgan Stanley upgraded shares of Constellium from an “equal weight” rating to an “overweight” rating in a report on Thursday, November 16th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $14.00.
A number of hedge funds have recently bought and sold shares of CSTM. Essex Investment Management Co. LLC purchased a new position in Constellium in the 4th quarter worth about $115,000. Quantitative Systematic Strategies LLC purchased a new position in Constellium in the 3rd quarter worth about $135,000. Bank of New York Mellon Corp purchased a new position in Constellium in the 4th quarter worth about $147,000. Jane Street Group LLC purchased a new position in Constellium in the 3rd quarter worth about $187,000. Finally, Macquarie Group Ltd. purchased a new position in Constellium in the 3rd quarter worth about $227,000. 58.69% of the stock is currently owned by institutional investors.
ILLEGAL ACTIVITY WARNING: “Constellium NV (CSTM) Expected to Announce Earnings of $0.10 Per Share” was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this report can be viewed at https://www.americanbankingnews.com/2018/02/12/constellium-nv-cstm-expected-to-announce-earnings-of-0-10-per-share.html.
Constellium N.V. is a Netherlands-based company engaged in developing aluminum products for a range of markets and applications, including aerospace, automotive and packaging. The Company’s manufacturing facilities are located in the United States, Europe and China. It operates through three segments: Packaging & Automotive Rolled Product; Aerospace & Transportation, and Automotive Structures & Industry.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Constellium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellium and related companies with MarketBeat.com's FREE daily email newsletter.