Constellium NV (NYSE:CSTM) – Stock analysts at Seaport Global Securities decreased their FY2019 earnings per share (EPS) estimates for shares of Constellium in a note issued to investors on Tuesday, April 30th, Zacks Investment Research reports. Seaport Global Securities analyst J. Sullivan now anticipates that the industrial products company will post earnings of $1.04 per share for the year, down from their prior forecast of $1.39. Seaport Global Securities also issued estimates for Constellium’s Q4 2019 earnings at $0.15 EPS.
Constellium (NYSE:CSTM) last released its earnings results on Wednesday, April 24th. The industrial products company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). Constellium had a net margin of 4.13% and a negative return on equity of 63.65%. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the business earned ($0.18) earnings per share. Constellium’s quarterly revenue was up 10.8% compared to the same quarter last year.
Separately, ValuEngine raised shares of Constellium from a “strong sell” rating to a “sell” rating in a report on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $14.00.
CSTM stock traded up $0.06 during mid-day trading on Thursday, hitting $8.94. The stock had a trading volume of 571,576 shares, compared to its average volume of 1,010,007. Constellium has a 52 week low of $6.26 and a 52 week high of $13.35. The firm has a market cap of $1.22 billion, a P/E ratio of 12.59 and a beta of 1.59.
Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in shares of Constellium by 3.3% during the 1st quarter. BlackRock Inc. now owns 6,153,789 shares of the industrial products company’s stock valued at $49,107,000 after purchasing an additional 193,706 shares during the last quarter. FMR LLC grew its holdings in shares of 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 last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Constellium by 20.3% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 3,938,915 shares of the industrial products company’s stock valued at $27,534,000 after purchasing an additional 665,890 shares during the last quarter. Nut Tree Capital Management LP grew its holdings in shares of Constellium by 43.5% during the 1st quarter. Nut Tree Capital Management LP now owns 3,300,000 shares of the industrial products company’s stock valued at $26,334,000 after purchasing an additional 1,000,000 shares during the last quarter. Finally, Park West Asset Management LLC grew its holdings in shares of Constellium by 3.1% during the 1st quarter. Park West Asset Management LLC now owns 3,297,313 shares of the industrial products company’s stock valued at $26,313,000 after purchasing an additional 100,000 shares during the last quarter. 66.08% of the stock is currently owned by 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.