Constellium NV (NYSE:CSTM) – Analysts at Jefferies Financial Group cut their FY2019 earnings per share (EPS) estimates for shares of Constellium in a research note issued on Wednesday, July 24th. Jefferies Financial Group analyst M. Englert now expects that the industrial products company will post earnings per share of $0.81 for the year, down from their previous forecast of $1.06. Jefferies Financial Group also issued estimates for Constellium’s Q4 2019 earnings at $0.24 EPS and FY2021 earnings at $1.92 EPS.
CSTM has been the topic of several other reports. Deutsche Bank set a $81.00 target price on Franco Nevada and gave the stock a “hold” rating in a report on Thursday, July 11th. ValuEngine downgraded Welbilt from a “hold” rating to a “sell” rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $12.75.
Constellium (NYSE:CSTM) last issued its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.20). The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Constellium had a negative return on equity of 49.69% and a net margin of 3.44%. Constellium’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.39 earnings per share.
Several large investors have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Constellium by 1.8% during the fourth quarter. BlackRock Inc. now owns 5,960,083 shares of the industrial products company’s stock valued at $41,660,000 after purchasing an additional 102,905 shares in the last quarter. FMR LLC lifted its holdings in shares of Constellium by 24.9% during the first 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 in the last quarter. Evermore Global Advisors LLC lifted its holdings in shares of Constellium by 1.0% during the first quarter. Evermore Global Advisors LLC now owns 2,835,002 shares of the industrial products company’s stock valued at $22,623,000 after purchasing an additional 28,800 shares in the last quarter. Boussard & Gavaudan Investment Management LLP lifted its holdings in shares of Constellium by 6.2% during the second quarter. Boussard & Gavaudan Investment Management LLP now owns 2,800,293 shares of the industrial products company’s stock valued at $28,577,000 after purchasing an additional 163,629 shares in the last quarter. Finally, One Tusk Investment Partners LP lifted its holdings in shares of Constellium by 2.3% during the first quarter. One Tusk Investment Partners LP now owns 1,315,000 shares of the industrial products company’s stock valued at $10,494,000 after purchasing an additional 30,000 shares in the last quarter. 65.93% of the stock is currently owned by hedge funds and other institutional investors.
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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