Brokerages Anticipate Constellium NV (CSTM) Will Announce Quarterly Sales of $1.55 Billion

Analysts expect Constellium NV (NYSE:CSTM) to announce $1.55 billion in sales for the current quarter, Zacks reports. Five analysts have made estimates for Constellium’s earnings. The lowest sales estimate is $1.53 billion and the highest is $1.58 billion. Constellium reported sales of $1.25 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 24%. The company is expected to issue its next earnings report before the market opens on Thursday, February 22nd.

On average, analysts expect that Constellium will report full year sales of $1.55 billion for the current financial year, with estimates ranging from $6.13 billion to $6.61 billion. For the next financial year, analysts expect that the business will post sales of $6.92 billion per share, with estimates ranging from $6.64 billion to $7.41 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Constellium.

CSTM has been the subject of several recent analyst reports. Morgan Stanley upgraded Constellium from an “equal weight” rating to an “overweight” rating in a report on Thursday, November 16th. Cowen set a $13.00 price target on Constellium and gave the company a “buy” rating in a report on Tuesday, December 12th. ValuEngine cut Constellium from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. BidaskClub cut Constellium from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Finally, BMO Capital Markets set a $13.00 target price on Constellium and gave the stock a “hold” rating in a report on Friday, October 27th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $14.00.

Several large investors have recently modified their holdings of the company. Renaissance Technologies LLC grew its holdings in shares of Constellium by 66.0% during the 4th quarter. Renaissance Technologies LLC now owns 1,310,100 shares of the industrial products company’s stock worth $14,608,000 after purchasing an additional 521,100 shares during the period. Invictus RG purchased a new stake in shares of Constellium during the 4th quarter worth about $742,000. Lombard Odier Asset Management USA Corp grew its holdings in shares of Constellium by 55.5% during the 4th quarter. Lombard Odier Asset Management USA Corp now owns 1,356,919 shares of the industrial products company’s stock worth $15,130,000 after purchasing an additional 484,527 shares during the period. Ascend Capital LLC grew its holdings in shares of Constellium by 6.2% during the 4th quarter. Ascend Capital LLC now owns 1,294,824 shares of the industrial products company’s stock worth $14,437,000 after purchasing an additional 75,362 shares during the period. Finally, Hudson Bay Capital Management LP grew its holdings in shares of Constellium by 5.2% during the 4th quarter. Hudson Bay Capital Management LP now owns 316,616 shares of the industrial products company’s stock worth $3,530,000 after purchasing an additional 15,700 shares during the period. Institutional investors and hedge funds own 58.69% of the company’s stock.

Shares of Constellium (NYSE CSTM) opened at $12.15 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 1.24 and a debt-to-equity ratio of -4.43. The company has a market capitalization of $1,640.00, a PE ratio of 36.82 and a beta of 0.78. Constellium has a fifty-two week low of $5.35 and a fifty-two week high of $14.10.

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Constellium 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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