$1.58 Billion in Sales Expected for Constellium NV (CSTM) This Quarter

Brokerages expect Constellium NV (NYSE:CSTM) to post $1.58 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Constellium’s earnings. The highest sales estimate is $1.69 billion and the lowest is $1.52 billion. Constellium reported sales of $1.47 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.5%. The business is scheduled to issue its next quarterly earnings report on Thursday, February 28th.

According to Zacks, analysts expect that Constellium will report full-year sales of $6.52 billion for the current financial year, with estimates ranging from $6.41 billion to $6.77 billion. For the next fiscal year, analysts expect that the business will post sales of $7.02 billion, with estimates ranging from $6.59 billion to $8.11 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Constellium.

A number of analysts recently issued reports on the company. Morgan Stanley lifted their price objective on Constellium from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Wednesday, August 1st. Deutsche Bank set a $15.00 price objective on Constellium and gave the company a “buy” rating in a research report on Tuesday, October 2nd. BMO Capital Markets lifted their price objective on Constellium from $14.00 to $15.00 and gave the company a “hold” rating in a research report on Wednesday, July 25th. Jefferies Financial Group set a $16.00 price objective on Constellium and gave the company a “buy” rating in a research report on Tuesday, July 24th. Finally, ValuEngine raised Constellium from a “hold” rating to a “buy” rating in a research report on Friday, September 14th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Constellium currently has a consensus rating of “Buy” and a consensus price target of $15.25.

CSTM traded down $0.29 during trading on Tuesday, reaching $8.87. 59,463 shares of the stock traded hands, compared to its average volume of 1,468,750. The stock has a market cap of $972.41 million, a price-to-earnings ratio of -27.75 and a beta of 1.33. Constellium has a fifty-two week low of $8.16 and a fifty-two week high of $14.10.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN raised its holdings in Constellium by 1.2% during the third quarter. Wells Fargo & Company MN now owns 518,839 shares of the industrial products company’s stock valued at $6,408,000 after buying an additional 6,035 shares in the last quarter. Royce & Associates LP raised its holdings in Constellium by 2.4% during the second quarter. Royce & Associates LP now owns 302,000 shares of the industrial products company’s stock valued at $3,111,000 after buying an additional 7,000 shares in the last quarter. Cannell Peter B & Co. Inc. raised its holdings in Constellium by 22.3% during the third quarter. Cannell Peter B & Co. Inc. now owns 41,725 shares of the industrial products company’s stock valued at $515,000 after buying an additional 7,600 shares in the last quarter. Northern Trust Corp raised its holdings in Constellium by 24.6% during the first quarter. Northern Trust Corp now owns 46,539 shares of the industrial products company’s stock valued at $505,000 after buying an additional 9,192 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado bought a new position in Constellium during the second quarter valued at about $105,000. Institutional investors own 86.32% 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.

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Earnings History and Estimates for Constellium (NYSE:CSTM)

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