Brokerages Anticipate Constellium (CSTM) Will Announce Quarterly Sales of $1.74 Billion

Wall Street analysts expect that Constellium (NYSE:CSTM) will announce sales of $1.74 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Constellium’s earnings, with the lowest sales estimate coming in at $1.65 billion and the highest estimate coming in at $1.82 billion. Constellium reported sales of $1.42 billion in the same quarter last year, which would suggest a positive year over year growth rate of 22.5%. The company is expected to issue its next quarterly earnings results before the market opens on Thursday, April 26th.

On average, analysts expect that Constellium will report full year sales of $6.93 billion for the current fiscal year, with estimates ranging from $6.64 billion to $7.44 billion. For the next year, analysts anticipate that the company will post sales of $7.27 billion per share, with estimates ranging from $6.51 billion to $7.83 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Constellium.

Constellium (NYSE:CSTM) last posted its quarterly earnings results on Thursday, February 22nd. The industrial products company reported ($0.77) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.87). Constellium had a negative return on equity of 5.81% and a negative net margin of 0.66%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the company posted ($0.19) earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year.



Several research firms have issued reports on CSTM. Societe Generale lowered shares of Constellium from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Morgan Stanley upped their price target on shares of Constellium from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. ValuEngine lowered shares of Constellium from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Goldman Sachs began coverage on shares of Constellium in a research report on Tuesday, March 20th. They set a “buy” rating and a $16.00 price target on the stock. Finally, Cowen set a $20.00 price target on shares of Constellium and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $14.60.

Several large investors have recently added to or reduced their stakes in the business. California Public Employees Retirement System increased its holdings in shares of Constellium by 0.7% in the fourth quarter. California Public Employees Retirement System now owns 727,100 shares of the industrial products company’s stock valued at $8,107,000 after purchasing an additional 4,700 shares during the last quarter. HBK Investments L P grew its stake in shares of Constellium by 1.7% in the fourth quarter. HBK Investments L P now owns 449,658 shares of the industrial products company’s stock valued at $5,014,000 after acquiring an additional 7,658 shares in the last quarter. Essex Investment Management Co. LLC acquired a new position in shares of Constellium in the fourth quarter valued at about $115,000. Bank of New York Mellon Corp acquired a new position in shares of Constellium in the fourth quarter valued at about $147,000. Finally, Wells Fargo & Company MN grew its stake in shares of Constellium by 3.5% in the fourth quarter. Wells Fargo & Company MN now owns 423,875 shares of the industrial products company’s stock valued at $4,726,000 after acquiring an additional 14,392 shares in the last quarter. Hedge funds and other institutional investors own 80.71% of the company’s stock.

NYSE CSTM traded up $0.05 on Friday, hitting $11.80. 647,530 shares of the stock were exchanged, compared to its average volume of 1,388,235. The company has a current ratio of 1.26, a quick ratio of 0.68 and a debt-to-equity ratio of -6.34. Constellium has a 52 week low of $5.35 and a 52 week high of $14.10. The firm has a market capitalization of $1,224.75, a P/E ratio of -36.88 and a beta of 0.90.

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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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