Analysts Expect Constellium SE (NYSE:CSTM) Will Post Quarterly Sales of $2.35 Billion

Equities analysts predict that Constellium SE (NYSE:CSTMGet Rating) will post sales of $2.35 billion for the current quarter, according to Zacks. Three analysts have made estimates for Constellium’s earnings. The lowest sales estimate is $2.12 billion and the highest is $2.54 billion. Constellium reported sales of $1.83 billion in the same quarter last year, which indicates a positive year over year growth rate of 28.4%. The company is scheduled to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Constellium will report full year sales of $8.87 billion for the current year, with estimates ranging from $8.33 billion to $9.17 billion. For the next financial year, analysts forecast that the business will post sales of $8.66 billion, with estimates ranging from $8.23 billion to $9.34 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Constellium.

Constellium (NYSE:CSTMGet Rating) last released its quarterly earnings data on Wednesday, April 27th. The industrial products company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.74. Constellium had a net margin of 5.76% and a return on equity of 100.02%. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the firm earned $0.15 EPS. Constellium’s quarterly revenue was up 47.6% compared to the same quarter last year.

Several equities analysts have commented on the stock. StockNews.com upgraded shares of Constellium from a “hold” rating to a “buy” rating in a report on Thursday, April 28th. Benchmark upped their price objective on shares of Constellium from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, February 24th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Constellium from $22.00 to $25.00 in a research report on Thursday, April 28th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Constellium presently has a consensus rating of “Buy” and a consensus target price of $24.17.

NYSE CSTM opened at $17.54 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 1.22 and a debt-to-equity ratio of 3.44. Constellium has a 12-month low of $15.06 and a 12-month high of $21.59. The company has a market capitalization of $2.45 billion, a PE ratio of 5.73 and a beta of 1.92. The firm’s 50 day moving average is $16.72 and its 200-day moving average is $17.59.

Several institutional investors and hedge funds have recently modified their holdings of CSTM. Dark Forest Capital Management LP increased its stake in Constellium by 225.7% in the 3rd quarter. Dark Forest Capital Management LP now owns 1,329 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 921 shares during the period. Advisor Group Holdings Inc. boosted its holdings in Constellium by 1,383.8% in the third quarter. Advisor Group Holdings Inc. now owns 3,027 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 2,823 shares in the last quarter. Exane Derivatives bought a new position in shares of Constellium during the first quarter valued at $60,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Constellium during the fourth quarter valued at $76,000. Finally, Covestor Ltd bought a new position in Constellium in the first quarter valued at about $110,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Constellium Company Profile (Get Rating)

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the packaging, aerospace, and automotive end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.

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