$1.50 Billion in Sales Expected for Constellium NV (NYSE:CSTM) This Quarter

Wall Street brokerages forecast that Constellium NV (NYSE:CSTM) will post sales of $1.50 billion for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Constellium’s earnings. The highest sales estimate is $1.56 billion and the lowest is $1.42 billion. Constellium posted sales of $1.60 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 6.3%. The firm is scheduled to announce its next earnings results on Thursday, February 20th.

According to Zacks, analysts expect that Constellium will report full year sales of $6.54 billion for the current financial year, with estimates ranging from $6.46 billion to $6.60 billion. For the next fiscal year, analysts anticipate that the company will post sales of $6.44 billion, with estimates ranging from $5.61 billion to $7.01 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Constellium.

Constellium (NYSE:CSTM) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.27). Constellium had a negative net margin of 0.28% and a negative return on equity of 12.92%. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the firm earned $1.54 earnings per share. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis.

Several research analysts have recently issued reports on CSTM shares. Credit Suisse Group upped their target price on shares of Constellium from $20.00 to $23.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. ValuEngine downgraded shares of Constellium from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th.

A number of institutional investors have recently modified their holdings of CSTM. FMR LLC lifted its position in Constellium by 24.9% during the first quarter. FMR LLC now owns 4,166,800 shares of the industrial products company’s stock valued at $33,251,000 after purchasing an additional 829,800 shares during the period. Anchor Bolt Capital LP bought a new position in Constellium during the second quarter valued at approximately $7,754,000. SkyTop Capital Management LLC lifted its position in Constellium by 53.7% during the second quarter. SkyTop Capital Management LLC now owns 1,766,717 shares of the industrial products company’s stock valued at $17,738,000 after purchasing an additional 616,919 shares during the period. Diameter Capital Partners LP raised its position in Constellium by 37.8% in the second quarter. Diameter Capital Partners LP now owns 2,067,975 shares of the industrial products company’s stock worth $20,762,000 after acquiring an additional 567,672 shares during the period. Finally, Janus Henderson Group PLC raised its position in Constellium by 11.0% in the second quarter. Janus Henderson Group PLC now owns 5,252,187 shares of the industrial products company’s stock worth $52,732,000 after acquiring an additional 521,574 shares during the period. Institutional investors own 66.67% of the company’s stock.

Shares of CSTM stock traded up $0.16 during mid-day trading on Thursday, reaching $14.35. The stock had a trading volume of 784,743 shares, compared to its average volume of 1,082,745. Constellium has a 52-week low of $6.26 and a 52-week high of $14.79. The stock’s 50-day moving average price is $13.40 and its two-hundred day moving average price is $11.23. The firm has a market capitalization of $1.95 billion, a PE ratio of 20.21 and a beta of 1.75.

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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Earnings History and Estimates for Constellium (NYSE:CSTM)

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