Zacks: Analysts Anticipate Constellium NV (NYSE:CSTM) Will Post Quarterly Sales of $1.74 Billion

Brokerages expect Constellium NV (NYSE:CSTM) to report $1.74 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Constellium’s earnings, with the lowest sales estimate coming in at $1.68 billion and the highest estimate coming in at $1.83 billion. Constellium posted sales of $1.76 billion in the same quarter last year, which suggests a negative year over year growth rate of 1.1%. The business is scheduled to report its next earnings report before the market opens on Wednesday, July 24th.

On average, analysts expect that Constellium will report full year sales of $6.84 billion for the current fiscal year, with estimates ranging from $6.66 billion to $7.19 billion. For the next fiscal year, analysts expect that the business will post sales of $7.26 billion, with estimates ranging from $7.04 billion to $7.37 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Constellium.

Constellium (NYSE:CSTM) last announced its earnings results on Wednesday, April 24th. The industrial products company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.01). Constellium had a negative return on equity of 63.65% and a net margin of 4.13%. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the firm posted ($0.18) earnings per share. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year.

A number of equities research analysts have recently weighed in on CSTM shares. Deutsche Bank set a $81.00 price target on Franco Nevada and gave the stock a “hold” rating in a research note on Thursday, July 11th. ValuEngine upgraded WEX from a “hold” rating to a “buy” rating in a research report on Thursday, June 13th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $13.40.

Shares of CSTM stock traded up $0.11 during trading hours on Tuesday, reaching $10.22. 347,135 shares of the company’s stock were exchanged, compared to its average volume of 712,583. Constellium has a 1 year low of $6.26 and a 1 year high of $13.35. The stock has a market cap of $1.40 billion, a PE ratio of 14.39 and a beta of 1.72. The firm has a fifty day moving average price of $9.71.

A number of hedge funds and other institutional investors have recently modified their holdings of CSTM. Citigroup Inc. boosted its position in Constellium by 1,297.9% in the 4th quarter. Citigroup Inc. now owns 6,542 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 6,074 shares in the last quarter. Farmers National Bank acquired a new position in shares of Constellium during the 1st quarter worth approximately $80,000. Quantamental Technologies LLC acquired a new position in shares of Constellium during the 1st quarter worth approximately $82,000. Wedbush Securities Inc. acquired a new position in shares of Constellium during the 1st quarter worth approximately $152,000. Finally, Xact Kapitalforvaltning AB acquired a new position in shares of Constellium during the 1st quarter worth approximately $235,000. Hedge funds and other institutional investors own 65.95% 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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