Constellium N.V. (NYSE:CSTM) Expected to Post Quarterly Sales of $1.57 Billion
Brokerages expect Constellium N.V. (NYSE:CSTM) to post $1.57 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Constellium N.V.’s earnings, with the highest sales estimate coming in at $1.64 billion and the lowest estimate coming in at $1.53 billion. Constellium N.V. posted sales of $1.39 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 12.9%. The company is scheduled to announce its next earnings report on Tuesday, August 1st.
According to Zacks, analysts expect that Constellium N.V. will report full year sales of $1.57 billion for the current financial year, with estimates ranging from $5.33 billion to $6.14 billion. For the next financial year, analysts expect that the business will report sales of $6.04 billion per share, with estimates ranging from $5.44 billion to $6.51 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Constellium N.V..
Constellium N.V. (NYSE:CSTM) last posted its quarterly earnings results on Thursday, April 27th. The industrial products company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.04. Constellium N.V. had a net margin of 0.35% and a negative return on equity of 2.96%. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the company posted ($0.08) EPS. The business’s revenue for the quarter was up 15.5% on a year-over-year basis.
CSTM has been the topic of a number of research analyst reports. BMO Capital Markets reissued a “hold” rating and set a $7.00 price target on shares of Constellium N.V. in a report on Sunday, March 12th. Societe Generale raised Constellium N.V. from a “hold” rating to a “buy” rating in a report on Monday, March 27th. Finally, Cowen and Company lowered their price target on Constellium N.V. from $7.00 to $6.00 and set a “market perform” rating on the stock in a report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Constellium N.V. presently has a consensus rating of “Hold” and an average price target of $8.50.
ILLEGAL ACTIVITY WARNING: This news story was first posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/07/05/constellium-n-v-nysecstm-expected-to-post-quarterly-sales-of-1-57-billion.html.
Constellium N.V. (NYSE:CSTM) opened at 6.85 on Wednesday. The stock’s 50 day moving average is $6.75 and its 200-day moving average is $6.75. Constellium N.V. has a 1-year low of $4.59 and a 1-year high of $8.85. The firm has a market capitalization of $742.08 million, a PE ratio of 38.92 and a beta of 0.71.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jennison Associates LLC raised its position in Constellium N.V. by 2.9% in the first quarter. Jennison Associates LLC now owns 3,999,318 shares of the industrial products company’s stock worth $25,996,000 after buying an additional 111,649 shares during the last quarter. Canyon Capital Advisors LLC purchased a new position in Constellium N.V. during the first quarter worth about $19,706,000. Bronson Point Management LLC raised its position in Constellium N.V. by 25.6% in the first quarter. Bronson Point Management LLC now owns 2,343,222 shares of the industrial products company’s stock worth $15,231,000 after buying an additional 478,222 shares during the last quarter. Sound Point Capital Management LP raised its position in Constellium N.V. by 32.5% in the first quarter. Sound Point Capital Management LP now owns 2,065,495 shares of the industrial products company’s stock worth $13,426,000 after buying an additional 506,945 shares during the last quarter. Finally, SkyTop Capital Management LLC raised its position in Constellium N.V. by 29.6% in the first quarter. SkyTop Capital Management LLC now owns 1,425,259 shares of the industrial products company’s stock worth $9,264,000 after buying an additional 325,259 shares during the last quarter. 60.58% of the stock is currently owned by hedge funds and other institutional investors.
About Constellium N.V.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Constellium N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellium N.V. and related companies with MarketBeat.com's FREE daily email newsletter.