Brokerages Anticipate Constellium NV (CSTM) Will Post Quarterly Sales of $1.65 Billion

Brokerages expect that Constellium NV (NYSE:CSTM) will report $1.65 billion in sales for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Constellium’s earnings. The lowest sales estimate is $1.56 billion and the highest is $1.76 billion. Constellium reported sales of $1.50 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 10%. The firm is expected to announce its next quarterly earnings report on Thursday, October 25th.

On average, analysts expect that Constellium will report full year sales of $6.59 billion for the current year, with estimates ranging from $6.41 billion to $6.77 billion. For the next fiscal year, analysts expect that the firm will post sales of $6.93 billion per share, with estimates ranging from $6.43 billion to $7.38 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Constellium.

Constellium (NYSE:CSTM) last issued its quarterly earnings results on Tuesday, July 24th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.09. Constellium had a negative net margin of 0.54% and a negative return on equity of 4.32%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the business earned $0.15 EPS. The company’s revenue was up 6.7% compared to the same quarter last year.



Several equities research analysts have issued reports on CSTM shares. ValuEngine upgraded shares of Constellium from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 2nd. Seaport Global Securities upgraded shares of Constellium from a “neutral” rating to a “buy” rating and lifted their price target for the company from $14.00 to $16.00 in a research note on Friday, April 27th. BMO Capital Markets lifted their price target on shares of Constellium from $13.00 to $14.00 and gave the company a “market perform” rating in a research note on Friday, April 27th. Jefferies Financial Group started coverage on shares of Constellium in a research note on Monday, July 16th. They issued a “buy” rating and a $14.00 price target on the stock. Finally, Morgan Stanley lifted their price target on shares of Constellium from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Wednesday, August 1st. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Constellium has a consensus rating of “Buy” and an average target price of $16.50.

CSTM stock traded down $0.05 during midday trading on Friday, hitting $12.25. The company’s stock had a trading volume of 490,463 shares, compared to its average volume of 1,095,943. The company has a current ratio of 1.23, a quick ratio of 0.66 and a debt-to-equity ratio of -7.55. Constellium has a twelve month low of $9.07 and a twelve month high of $14.10. The firm has a market capitalization of $1.30 billion, a P/E ratio of 111.82 and a beta of 1.05.

Several institutional investors have recently added to or reduced their stakes in CSTM. Park West Asset Management LLC acquired a new position in shares of Constellium during the 1st quarter worth about $43,379,000. BlackRock Inc. increased its stake in shares of Constellium by 71.1% during the 2nd quarter. BlackRock Inc. now owns 5,925,330 shares of the industrial products company’s stock worth $61,031,000 after purchasing an additional 2,463,259 shares during the last quarter. Columbus Circle Investors increased its stake in shares of Constellium by 249.3% during the 2nd quarter. Columbus Circle Investors now owns 1,676,632 shares of the industrial products company’s stock worth $17,269,000 after purchasing an additional 1,196,604 shares during the last quarter. FMR LLC increased its stake in shares of Constellium by 181.5% during the 2nd quarter. FMR LLC now owns 1,830,606 shares of the industrial products company’s stock worth $18,855,000 after purchasing an additional 1,180,266 shares during the last quarter. Finally, Sound Point Capital Management LP increased its stake in shares of Constellium by 105.1% during the 1st quarter. Sound Point Capital Management LP now owns 1,178,802 shares of the industrial products company’s stock worth $12,790,000 after purchasing an additional 603,990 shares during the last quarter. Institutional investors own 82.70% of the company’s stock.

About Constellium

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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