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

Equities analysts expect Constellium NV (NYSE:CSTM) to post sales of $1.65 billion for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Constellium’s earnings, with estimates ranging from $1.56 billion to $1.76 billion. Constellium posted sales of $1.50 billion in the same quarter last year, which would indicate 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 financial year, analysts anticipate that the company will report sales of $6.93 billion per share, with estimates ranging from $6.43 billion to $7.38 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Constellium.

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

CSTM has been the subject of a number of research reports. BMO Capital Markets increased their target price on Constellium from $13.00 to $14.00 and gave the company a “market perform” rating in a research report on Friday, April 27th. Seaport Global Securities upgraded Constellium from a “neutral” rating to a “buy” rating and increased their target price for the company from $14.00 to $16.00 in a research report on Friday, April 27th. Morgan Stanley increased their target price on Constellium from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Wednesday, August 1st. Jefferies Financial Group set a $16.00 target price on Constellium and gave the company a “buy” rating in a research report on Tuesday, July 24th. Finally, ValuEngine upgraded Constellium from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 2nd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $16.50.

Shares of NYSE CSTM traded down $0.05 during midday trading on Friday, reaching $12.25. 490,463 shares of the stock traded hands, compared to its average volume of 1,095,943. The company has a debt-to-equity ratio of -7.55, a quick ratio of 0.66 and a current ratio of 1.23. The company has a market capitalization of $1.30 billion, a P/E ratio of 111.82 and a beta of 1.05. Constellium has a one year low of $9.07 and a one year high of $14.10.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. A.R.T. Advisors LLC lifted its position in Constellium by 3.3% in the first quarter. A.R.T. Advisors LLC now owns 165,138 shares of the industrial products company’s stock worth $1,791,000 after buying an additional 5,200 shares during the last quarter. Royce & Associates LP lifted its position in Constellium by 2.4% in the second quarter. Royce & Associates LP now owns 302,000 shares of the industrial products company’s stock worth $3,111,000 after buying an additional 7,000 shares during the last quarter. Northern Trust Corp lifted its position in Constellium by 24.6% in the first quarter. Northern Trust Corp now owns 46,539 shares of the industrial products company’s stock worth $505,000 after buying an additional 9,192 shares during the last quarter. Public Employees Retirement Association of Colorado bought a new stake in Constellium in the second quarter worth $105,000. Finally, SG Americas Securities LLC bought a new stake in Constellium in the second quarter worth $105,000. Institutional investors own 82.70% of the company’s stock.

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.

Read More: Market Capitalization

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

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

Earnings History and Estimates for Constellium (NYSE:CSTM)

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

Leave a Reply