$1.53 Billion in Sales Expected for Constellium N.V. (CSTM) This Quarter

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.

COPYRIGHT VIOLATION NOTICE: This news story was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright & trademark laws. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/11/1-53-billion-in-sales-expected-for-constellium-n-v-cstm-this-quarter.html.

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.

Get a free copy of the Zacks research report on Constellium N.V. (CSTM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Constellium N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellium N.V. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply