Zacks: Brokerages Anticipate Constellium NV (CSTM) Will Post Quarterly Sales of $1.55 Billion
Wall Street analysts predict that Constellium NV (NYSE:CSTM) will announce sales of $1.55 billion for the current quarter, according to Zacks. Five analysts have made estimates for Constellium’s earnings, with estimates ranging from $1.53 billion to $1.58 billion. Constellium reported sales of $1.25 billion during the same quarter last year, which would suggest a positive year over year growth rate of 24%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Thursday, February 22nd.
According to Zacks, analysts expect that Constellium will report full year sales of $1.55 billion for the current fiscal year, with estimates ranging from $6.13 billion to $6.61 billion. For the next year, analysts forecast that the company will report sales of $6.92 billion per share, with estimates ranging from $6.64 billion to $7.41 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Constellium.
Several brokerages recently weighed in on CSTM. Morgan Stanley upped their target price on shares of Constellium from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Cowen set a $20.00 target price on shares of Constellium and gave the stock a “buy” rating in a research note on Tuesday, February 6th. ValuEngine raised shares of Constellium from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub cut shares of Constellium from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Finally, BMO Capital Markets set a $13.00 price target on shares of Constellium and gave the stock a “hold” rating in a report on Friday, October 27th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $14.00.
Shares of Constellium (NYSE:CSTM) traded up $0.10 on Wednesday, reaching $12.80. 1,290,000 shares of the company traded hands, compared to its average volume of 1,600,000. Constellium has a 1 year low of $5.35 and a 1 year high of $14.10. The stock has a market cap of $1,720.00, a P/E ratio of 38.79 and a beta of 0.78. The company has a debt-to-equity ratio of -4.43, a quick ratio of 0.70 and a current ratio of 1.24.
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Constellium 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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