$1.52 Billion in Sales Expected for Constellium NV (CSTM) This Quarter
Brokerages forecast that Constellium NV (NYSE:CSTM) will report $1.52 billion in sales for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Constellium NV’s earnings, with the lowest sales estimate coming in at $1.42 billion and the highest estimate coming in at $1.6 billion. Constellium NV posted sales of $1.39 billion in the same quarter last year, which indicates a positive year over year growth rate of 9.4%. The company is expected to announce its next quarterly earnings results on Tuesday, August 1st.
On average, analysts expect that Constellium NV will report full-year sales of $1.52 billion for the current fiscal year, with estimates ranging from $5.33 billion to $6.03 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $5.92 billion per share, with estimates ranging from $5.44 billion to $6.25 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Constellium NV.
Constellium NV (NYSE:CSTM) last posted its earnings results on Thursday, April 27th. The industrial products company reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.04. Constellium NV had a negative net margin of 8.66% and a negative return on equity of 3.97%. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the company posted ($0.08) earnings per share. Constellium NV’s revenue for the quarter was up 15.5% compared to the same quarter last year.
Several research analysts have commented on CSTM shares. BMO Capital Markets reiterated a “hold” rating and set a $7.00 price target on shares of Constellium NV in a report on Sunday, March 12th. Societe Generale upgraded shares of Constellium NV from a “hold” rating to a “buy” rating in a report on Monday, March 27th. Finally, Cowen and Company lowered their target price on shares of Constellium NV from $7.00 to $6.00 and set a “market perform” rating for the company in a report on Wednesday, April 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $8.50.
Shares of Constellium NV (NYSE:CSTM) opened at 6.35 on Friday. The stock has a market cap of $687.91 million, a PE ratio of 36.92 and a beta of 0.63. Constellium NV has a 52-week low of $4.02 and a 52-week high of $8.85. The company’s 50-day moving average is $6.26 and its 200-day moving average is $6.55.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. ClariVest Asset Management LLC boosted its position in shares of Constellium NV by 12.4% in the first quarter. ClariVest Asset Management LLC now owns 16,323 shares of the industrial products company’s stock valued at $106,000 after buying an additional 1,800 shares during the last quarter. KCG Holdings Inc. boosted its position in shares of Constellium NV by 52.2% in the first quarter. KCG Holdings Inc. now owns 19,334 shares of the industrial products company’s stock valued at $126,000 after buying an additional 6,629 shares during the last quarter. Bogle Investment Management L P DE bought a new position in shares of Constellium NV during the fourth quarter valued at about $131,000. A.R.T. Advisors LLC boosted its position in shares of Constellium NV by 23.5% in the fourth quarter. A.R.T. Advisors LLC now owns 23,100 shares of the industrial products company’s stock valued at $136,000 after buying an additional 4,400 shares during the last quarter. Finally, Gabelli Funds LLC boosted its position in shares of Constellium NV by 27.5% in the fourth quarter. Gabelli Funds LLC now owns 25,500 shares of the industrial products company’s stock valued at $150,000 after buying an additional 5,500 shares during the last quarter. Institutional investors and hedge funds own 64.89% of the company’s stock.
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Constellium NV Company Profile
Constellium N.V. is a Netherlands-based company engaged in developing aluminum products for a range of markets and applications, including aerospace, automotive and packaging. The Company’s manufacturing facilities are located in the United States, Europe and China. It operates through three segments: Packaging & Automotive Rolled Product; Aerospace & Transportation, and Automotive Structures & Industry.
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