Brokerages forecast that Constellium NV (NYSE:CSTM) will post sales of $1.74 billion for the current fiscal quarter, Zacks Investment Research reports. 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 $1.83 billion. Constellium reported sales of $1.76 billion in the same quarter last year, which would suggest a negative year over year growth rate of 1.1%. The business is expected to announce its next quarterly earnings report on Tuesday, July 23rd.
According to Zacks, analysts expect that Constellium will report full year sales of $6.84 billion for the current financial year, with estimates ranging from $6.66 billion to $7.19 billion. For the next financial year, analysts anticipate that the business will post sales of $7.26 billion, with estimates ranging from $7.04 billion to $7.37 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Constellium.
Constellium (NYSE:CSTM) last posted its earnings results on Wednesday, April 24th. The industrial products company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.01). The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Constellium had a net margin of 4.13% and a negative return on equity of 63.65%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.18) EPS.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc lifted its holdings in shares of Constellium by 0.5% during the fourth quarter. Legal & General Group Plc now owns 395,225 shares of the industrial products company’s stock valued at $2,762,000 after purchasing an additional 2,088 shares in the last quarter. Renaissance Group LLC lifted its holdings in shares of Constellium by 3.4% during the fourth quarter. Renaissance Group LLC now owns 67,188 shares of the industrial products company’s stock valued at $470,000 after purchasing an additional 2,219 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Constellium by 1.9% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 126,344 shares of the industrial products company’s stock valued at $1,008,000 after purchasing an additional 2,369 shares in the last quarter. RMB Capital Management LLC lifted its holdings in Constellium by 5.3% in the fourth quarter. RMB Capital Management LLC now owns 65,683 shares of the industrial products company’s stock valued at $459,000 after acquiring an additional 3,283 shares during the period. Finally, Advisors Asset Management Inc. bought a new position in Constellium in the first quarter valued at about $41,000. 65.84% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE CSTM traded up $0.24 during midday trading on Friday, hitting $9.36. 642,098 shares of the company’s stock were exchanged, compared to its average volume of 994,830. Constellium has a 12-month low of $6.26 and a 12-month high of $13.35. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 13.18 and a beta of 1.62.
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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