Wall Street analysts expect Constellium N.V. (NYSE:CSTM) to announce $1.53 billion in sales for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for Constellium N.V.’s earnings, with the highest sales estimate coming in at $1.60 billion and the lowest estimate coming in at $1.43 billion. Constellium N.V. posted sales of $1.34 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 14.2%. The company is scheduled to report its next earnings results on Wednesday, November 8th.
According to Zacks, analysts expect that Constellium N.V. will report full-year sales of $1.53 billion for the current financial year, with estimates ranging from $5.75 billion to $6.36 billion. For the next fiscal year, analysts forecast that the business will report sales of $6.27 billion per share, with estimates ranging from $5.95 billion to $6.50 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Constellium N.V..
Constellium N.V. (NYSE:CSTM) last released its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.08). Constellium N.V. had a negative return on equity of 4.31% and a net margin of 0.48%. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the company earned $0.08 earnings per share. The business’s revenue was up 12.1% compared to the same quarter last year.
A number of equities analysts have recently commented on the company. BidaskClub raised Constellium N.V. from a “hold” rating to a “buy” rating in a report on Friday, October 6th. Cowen and Company boosted their price target on Constellium N.V. from $6.00 to $8.30 and gave the stock a “market perform” rating in a report on Monday, July 31st. BMO Capital Markets set a $9.00 price target on Constellium N.V. and gave the stock a “hold” rating in a report on Friday, July 28th. Finally, Seaport Global Securities cut Constellium N.V. from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $8.00 to $9.00 in a report on Friday, July 28th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $8.77.
Constellium N.V. (CSTM) opened at 10.60 on Wednesday. Constellium N.V. has a 1-year low of $4.85 and a 1-year high of $11.70. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 39.70 and a beta of 0.70. The firm’s 50-day moving average price is $10.52 and its 200 day moving average price is $8.09.
Institutional investors and hedge funds have recently modified their holdings of the business. Fox Run Management L.L.C. acquired a new position in Constellium N.V. in the 2nd quarter worth about $108,000. ClariVest Asset Management LLC increased its holdings in Constellium N.V. by 12.4% in the 1st quarter. ClariVest Asset Management LLC now owns 16,323 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 1,800 shares in the last quarter. KCG Holdings Inc. increased its holdings in Constellium N.V. by 52.2% in the 1st quarter. KCG Holdings Inc. now owns 19,334 shares of the industrial products company’s stock worth $126,000 after purchasing an additional 6,629 shares in the last quarter. Quantum Capital Management increased its holdings in Constellium N.V. by 37.7% in the 2nd quarter. Quantum Capital Management now owns 23,080 shares of the industrial products company’s stock worth $159,000 after purchasing an additional 6,324 shares in the last quarter. Finally, Cannell Peter B & Co. Inc. increased its holdings in Constellium N.V. by 76.4% in the 2nd quarter. Cannell Peter B & Co. Inc. now owns 51,150 shares of the industrial products company’s stock worth $353,000 after purchasing an additional 22,150 shares in the last quarter. 57.42% of the stock is owned by institutional investors and hedge funds.
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About Constellium N.V.
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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