Zacks: Brokerages Anticipate Constellium NV (NYSE:CSTM) Will Post Quarterly Sales of $1.54 Billion

Equities research analysts expect Constellium NV (NYSE:CSTM) to announce sales of $1.54 billion for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Constellium’s earnings, with estimates ranging from $1.42 billion to $1.65 billion. Constellium posted sales of $1.60 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 3.8%. The company is expected to announce its next earnings report on Thursday, February 20th.

According to Zacks, analysts expect that Constellium will report full-year sales of $6.54 billion for the current financial year, with estimates ranging from $6.46 billion to $6.60 billion. For the next financial year, analysts anticipate that the company will report sales of $6.44 billion, with estimates ranging from $5.61 billion to $7.01 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Constellium.

Constellium (NYSE:CSTM) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.27). The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.45 billion. Constellium had a negative return on equity of 12.92% and a negative net margin of 0.28%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.54 EPS.

Several research firms have issued reports on CSTM. Credit Suisse Group lifted their price target on shares of Constellium from $20.00 to $23.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. ValuEngine lowered shares of Constellium from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. Finally, Deutsche Bank set a $12.00 price target on shares of Constellium and gave the stock a “buy” rating in a research report on Thursday, July 11th.

A number of institutional investors have recently bought and sold shares of the business. Signaturefd LLC grew its position in Constellium by 73.8% during the 3rd quarter. Signaturefd LLC now owns 6,950 shares of the industrial products company’s stock worth $88,000 after purchasing an additional 2,950 shares in the last quarter. Vanguard Group Inc. grew its position in Constellium by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 119,704 shares of the industrial products company’s stock worth $1,202,000 after purchasing an additional 3,183 shares in the last quarter. Cohen Capital Management Inc. grew its position in Constellium by 1.6% during the 2nd quarter. Cohen Capital Management Inc. now owns 291,912 shares of the industrial products company’s stock worth $2,931,000 after purchasing an additional 4,500 shares in the last quarter. Swiss National Bank grew its position in Constellium by 2.1% during the 2nd quarter. Swiss National Bank now owns 225,300 shares of the industrial products company’s stock worth $2,262,000 after purchasing an additional 4,600 shares in the last quarter. Finally, Brooks Moore & Associates Inc. grew its position in Constellium by 32.5% during the 2nd quarter. Brooks Moore & Associates Inc. now owns 19,350 shares of the industrial products company’s stock worth $194,000 after purchasing an additional 4,750 shares in the last quarter. Hedge funds and other institutional investors own 66.67% of the company’s stock.

Constellium stock opened at $14.16 on Thursday. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 19.94 and a beta of 1.75. Constellium has a 1 year low of $6.26 and a 1 year high of $14.79. The firm’s 50 day moving average price is $13.37 and its two-hundred day moving average price is $11.18.

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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