Constellium NV (CSTM) Expected to Announce Quarterly Sales of $1.76 Billion

Equities analysts forecast that Constellium NV (NYSE:CSTM) will post sales of $1.76 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Constellium’s earnings, with the lowest sales estimate coming in at $1.62 billion and the highest estimate coming in at $2.01 billion. Constellium posted sales of $1.70 billion during the same quarter last year, which would indicate a positive year over year growth rate of 3.5%. The firm is scheduled to issue its next earnings results before the market opens on Wednesday, April 24th.

According to Zacks, analysts expect that Constellium will report full-year sales of $7.04 billion for the current year, with estimates ranging from $6.50 billion to $8.11 billion. For the next financial year, analysts forecast that the business will report sales of $7.56 billion, with estimates ranging from $7.19 billion to $8.46 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Constellium.

Constellium (NYSE:CSTM) last issued its quarterly earnings data on Thursday, February 21st. The industrial products company reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.33). The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.32 billion. Constellium had a negative return on equity of 42.78% and a net margin of 3.31%. Constellium’s revenue for the quarter was up 12.0% compared to the same quarter last year.

Separately, ValuEngine raised shares of Constellium from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $14.33.

Constellium stock traded down $0.19 during mid-day trading on Tuesday, reaching $9.40. The company’s stock had a trading volume of 860,009 shares, compared to its average volume of 1,166,002. The company has a market cap of $1.28 billion, a P/E ratio of 13.24 and a beta of 1.53. Constellium has a 12 month low of $6.26 and a 12 month high of $13.35.

A number of institutional investors have recently added to or reduced their stakes in the stock. Wedbush Securities Inc. bought a new position in Constellium in the first quarter valued at $152,000. Deutsche Bank AG lifted its stake in Constellium by 20.6% in the fourth quarter. Deutsche Bank AG now owns 331,245 shares of the industrial products company’s stock valued at $2,314,000 after acquiring an additional 56,666 shares during the last quarter. Norges Bank acquired a new stake in Constellium in the fourth quarter valued at $7,280,000. FMR LLC lifted its stake in Constellium by 24.7% in the fourth quarter. FMR LLC now owns 3,337,000 shares of the industrial products company’s stock valued at $23,326,000 after acquiring an additional 660,300 shares during the last quarter. Finally, Ecofin Ltd. lifted its stake in Constellium by 4.5% in the fourth quarter. Ecofin Ltd. now owns 449,356 shares of the industrial products company’s stock valued at $3,141,000 after acquiring an additional 19,457 shares during the last quarter. 68.27% of the stock is owned by institutional investors and hedge funds.

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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