Constellium NV (CSTM) Expected to Announce Earnings of $0.10 Per Share

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.

Constellium (NYSE:CSTM) traded up $0.30 during trading on Monday, hitting $12.30. 1,021,626 shares of the stock traded hands, compared to its average volume of 1,567,178. The company has a market cap of $1,266.98, a price-to-earnings ratio of 38.44 and a beta of 0.78. The company has a quick ratio of 0.70, a current ratio of 1.24 and a debt-to-equity ratio of -4.43. Constellium has a 12-month low of $5.35 and a 12-month high of $14.10.

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.

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About Constellium

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.

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