Brokerages expect Constellium N.V. (NYSE:CSTM) to announce $1.49 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Constellium N.V.’s earnings, with estimates ranging from $1.40 billion to $1.59 billion. Constellium N.V. reported sales of $1.34 billion in the same quarter last year, which indicates a positive year over year growth rate of 11.2%. The company is scheduled to announce its next quarterly earnings report on Wednesday, November 8th.
On average, analysts expect that Constellium N.V. will report full-year sales of $1.49 billion for the current fiscal year, with estimates ranging from $5.30 billion to $6.15 billion. For the next financial year, analysts anticipate that the firm will post sales of $6.06 billion per share, with estimates ranging from $5.29 billion to $6.51 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Constellium N.V..
Constellium N.V. (NYSE:CSTM) last posted its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by $0.08. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.43 billion. Constellium N.V. had a negative return on equity of 4.31% and a net margin of 0.48%. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period last year, the firm earned $0.08 EPS.
Several research analysts have issued reports on CSTM shares. Seaport Global Securities lowered Constellium N.V. from a “buy” rating to a “neutral” rating and increased their price target for the stock from $8.00 to $9.00 in a report on Friday. BidaskClub raised Constellium N.V. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Cowen and Company lowered their price objective on Constellium N.V. from $7.00 to $6.00 and set a “market perform” rating for the company in a research note on Wednesday, April 19th. Finally, BMO Capital Markets set a $9.00 price objective on Constellium N.V. and gave the stock a “hold” rating in a research note on Friday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Constellium N.V. presently has a consensus rating of “Buy” and an average target price of $9.83.
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Constellium N.V. (NYSE:CSTM) traded down 5.11% on Friday, hitting $8.35. The company’s stock had a trading volume of 2,319,751 shares. Constellium N.V. has a 12 month low of $4.85 and a 12 month high of $8.95. The firm has a 50 day moving average of $7.48 and a 200-day moving average of $7.01. The stock’s market cap is $882.06 million.
Several hedge funds have recently modified their holdings of CSTM. Canyon Capital Advisors LLC bought a new stake in shares of Constellium N.V. during the first quarter valued at approximately $19,706,000. York Capital Management Global Advisors LLC bought a new stake in shares of Constellium N.V. during the first quarter valued at approximately $7,800,000. Rubric Capital Management LP bought a new stake in shares of Constellium N.V. during the first quarter valued at approximately $6,825,000. Boussard & Gavaudan Investment Management LLP increased its stake in shares of Constellium N.V. by 666.0% in the first quarter. Boussard & Gavaudan Investment Management LLP now owns 947,355 shares of the industrial products company’s stock valued at $6,347,000 after buying an additional 823,685 shares during the period. Finally, Ecofin Ltd. bought a new stake in shares of Constellium N.V. during the first quarter valued at approximately $4,135,000. 60.46% of the stock is owned by hedge funds and other institutional investors.
About Constellium N.V.
Constellium N.V. is a Netherlands-based company engaged in developing aluminum products for a range of markets and applications, including aerospace, automotive and packaging. The Company’s manufacturing facilities are located in the United States, Europe and China. It operates through three segments: Packaging & Automotive Rolled Product; Aerospace & Transportation, and Automotive Structures & Industry.
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