Constellium NV (NYSE:CSTM) Expected to Announce Quarterly Sales of $1.69 Billion

Analysts predict that Constellium NV (NYSE:CSTM) will post $1.69 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Constellium’s earnings, with estimates ranging from $1.57 billion to $1.83 billion. Constellium posted sales of $1.66 billion in the same quarter last year, which suggests a positive year over year growth rate of 1.8%. The firm is expected to report its next quarterly earnings report on Thursday, October 24th.

On average, analysts expect that Constellium will report full year sales of $6.80 billion for the current financial year, with estimates ranging from $6.53 billion to $7.22 billion. For the next financial year, analysts anticipate that the business will report sales of $7.16 billion, with estimates ranging from $6.91 billion to $7.44 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Constellium.

Constellium (NYSE:CSTM) last released its earnings results on Wednesday, July 24th. The industrial products company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.20). Constellium had a negative return on equity of 49.69% and a net margin of 3.44%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the previous year, the business earned $0.39 EPS. The business’s revenue for the quarter was up 4.3% on a year-over-year basis.

A number of equities analysts have recently issued reports on the company. ValuEngine downgraded Constellium from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Deutsche Bank set a $12.00 price target on Constellium and gave the stock a “buy” rating in a research report on Thursday, July 11th.

Hedge funds have recently modified their holdings of the stock. Signaturefd LLC bought a new stake in Constellium during the second quarter valued at about $40,000. Citigroup Inc. boosted its holdings in Constellium by 1,297.9% in the fourth quarter. Citigroup Inc. now owns 6,542 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 6,074 shares in the last quarter. Farmers National Bank acquired a new stake in Constellium in the first quarter worth about $80,000. Quantamental Technologies LLC acquired a new stake in Constellium in the first quarter worth about $82,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Constellium by 124.1% in the second quarter. Tower Research Capital LLC TRC now owns 11,130 shares of the industrial products company’s stock worth $112,000 after acquiring an additional 6,164 shares in the last quarter. 65.85% of the stock is currently owned by institutional investors.

Shares of CSTM traded down $0.23 during midday trading on Thursday, reaching $10.61. 761,800 shares of the stock were exchanged, compared to its average volume of 1,020,735. Constellium has a 52 week low of $6.26 and a 52 week high of $12.94. The company’s 50 day moving average is $10.96 and its two-hundred day moving average is $9.56. The company has a market capitalization of $1.57 billion, a P/E ratio of 14.94 and a beta of 1.71.

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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