Equities research analysts expect that Constellium N.V. (NYSE:CSTM) will report sales of $1.57 billion for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for Constellium N.V.’s earnings, with the lowest sales estimate coming in at $1.53 billion and the highest estimate coming in at $1.64 billion. Constellium N.V. reported sales of $1.39 billion in the same quarter last year, which would suggest a positive year over year growth rate of 12.9%. The company is expected to report its next quarterly earnings report on Tuesday, August 1st.
On average, analysts expect that Constellium N.V. will report full-year sales of $1.57 billion for the current fiscal year, with estimates ranging from $5.33 billion to $6.14 billion. For the next year, analysts expect that the business will post sales of $6.04 billion per share, with estimates ranging from $5.44 billion to $6.51 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Constellium N.V..
Constellium N.V. (NYSE:CSTM) last issued its quarterly earnings results on Thursday, April 27th. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. Constellium N.V. had a net margin of 0.35% and a negative return on equity of 2.96%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the firm earned ($0.08) earnings per share. The firm’s quarterly revenue was up 15.5% on a year-over-year basis.
CSTM has been the subject of several recent research reports. Societe Generale raised Constellium N.V. from a “hold” rating to a “buy” rating in a research report on Monday, March 27th. BMO Capital Markets reaffirmed a “hold” rating and set a $7.00 price objective on shares of Constellium N.V. in a research report on Sunday, March 12th. Finally, Cowen and Company reduced 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 report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $8.50.
Constellium N.V. (NYSE CSTM) opened at 6.85 on Wednesday. The stock has a market cap of $742.08 million, a P/E ratio of 38.92 and a beta of 0.71. Constellium N.V. has a 52 week low of $4.59 and a 52 week high of $8.85. The company has a 50-day moving average of $6.75 and a 200-day moving average of $6.75.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. SkyTop Capital Management LLC boosted its position in shares of Constellium N.V. by 29.6% in the first quarter. SkyTop Capital Management LLC now owns 1,425,259 shares of the industrial products company’s stock valued at $9,264,000 after buying an additional 325,259 shares during the period. Credit Suisse AG boosted its position in shares of Constellium N.V. by 1,949.8% in the first quarter. Credit Suisse AG now owns 390,975 shares of the industrial products company’s stock valued at $2,541,000 after buying an additional 371,901 shares during the period. Whitebox Advisors LLC bought a new position in shares of Constellium N.V. during the first quarter valued at approximately $448,000. Canyon Capital Advisors LLC bought a new position in shares of Constellium N.V. during the first quarter valued at approximately $19,706,000. Finally, Sound Point Capital Management LP boosted its position in shares of Constellium N.V. by 32.5% in the first quarter. Sound Point Capital Management LP now owns 2,065,495 shares of the industrial products company’s stock valued at $13,426,000 after buying an additional 506,945 shares during the period. 60.58% of the stock is owned by hedge funds and other institutional investors.
Constellium N.V. Company Profile
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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