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

Wall Street analysts expect Constellium NV (NYSE:CSTM) to announce $1.76 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Constellium’s earnings, with estimates ranging from $1.60 billion to $2.01 billion. Constellium posted sales of $1.70 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 3.5%. The firm is expected to report its next quarterly earnings report before the market opens on Wednesday, April 24th.

On average, analysts expect that Constellium will report full year sales of $7.04 billion for the current fiscal year, with estimates ranging from $6.50 billion to $8.11 billion. For the next year, analysts expect that the firm will post sales of $7.56 billion, with estimates ranging from $7.19 billion to $8.46 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Constellium.

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

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

Several institutional investors have recently made changes to their positions in CSTM. One Tusk Investment Partners LP bought a new stake in shares of Constellium in the fourth quarter worth about $8,982,000. Norges Bank bought a new stake in shares of Constellium in the fourth quarter worth about $7,280,000. FMR LLC increased its holdings in shares of Constellium by 46.2% in the third quarter. FMR LLC now owns 2,676,700 shares of the industrial products company’s stock worth $33,057,000 after acquiring an additional 846,094 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Constellium by 20.3% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 3,938,915 shares of the industrial products company’s stock worth $27,534,000 after acquiring an additional 665,890 shares in the last quarter. Finally, Evermore Global Advisors LLC increased its holdings in shares of Constellium by 11.1% in the fourth quarter. Evermore Global Advisors LLC now owns 2,806,202 shares of the industrial products company’s stock worth $19,615,000 after acquiring an additional 280,795 shares in the last quarter. Institutional investors own 68.24% of the company’s stock.

Constellium stock opened at $9.01 on Tuesday. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 12.69 and a beta of 1.53. Constellium has a 52 week low of $6.26 and a 52 week high of $13.35.

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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