Constellium NV (CSTM) Expected to Announce Quarterly Sales of $1.78 Billion

Equities analysts expect Constellium NV (NYSE:CSTM) to post sales of $1.78 billion for the current quarter, according to Zacks. Four analysts have issued estimates for Constellium’s earnings, with the lowest sales estimate coming in at $1.68 billion and the highest estimate coming in at $1.99 billion. Constellium reported sales of $1.76 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 1.1%. The company is expected to issue its next quarterly earnings results on Tuesday, July 23rd.

According to Zacks, analysts expect that Constellium will report full-year sales of $6.94 billion for the current year, with estimates ranging from $6.66 billion to $7.69 billion. For the next fiscal year, analysts forecast that the firm will post sales of $7.45 billion, with estimates ranging from $7.04 billion to $8.37 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Constellium.

Constellium (NYSE:CSTM) last posted its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.49 billion. Constellium had a net margin of 4.13% and a negative return on equity of 63.65%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.18) earnings per share.

Separately, ValuEngine lowered shares of Constellium from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Constellium currently has a consensus rating of “Buy” and an average price target of $14.00.

NYSE CSTM traded down $0.02 during trading on Wednesday, reaching $9.09. The company’s stock had a trading volume of 1,150,400 shares, compared to its average volume of 1,028,759. The firm has a market cap of $1.22 billion, a PE ratio of 12.80 and a beta of 1.59. Constellium has a twelve month low of $6.26 and a twelve month high of $13.35.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in shares of Constellium by 83.8% in the third quarter. JPMorgan Chase & Co. now owns 196,781 shares of the industrial products company’s stock valued at $2,430,000 after acquiring an additional 89,707 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Constellium by 12.1% in the third quarter. Vanguard Group Inc. now owns 101,867 shares of the industrial products company’s stock valued at $1,258,000 after acquiring an additional 11,031 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Constellium in the third quarter valued at about $2,447,000. Federated Investors Inc. PA boosted its holdings in shares of Constellium by 4.6% in the third quarter. Federated Investors Inc. PA now owns 399,560 shares of the industrial products company’s stock valued at $4,935,000 after acquiring an additional 17,724 shares in the last quarter. Finally, Vanguard Group Inc boosted its holdings in shares of Constellium by 12.1% in the third quarter. Vanguard Group Inc now owns 101,867 shares of the industrial products company’s stock valued at $1,258,000 after acquiring an additional 11,031 shares in the last quarter. Institutional investors own 67.87% 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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