Brokerages Anticipate Constellium SE (NYSE:CSTM) Will Post Quarterly Sales of $1.64 Billion

Wall Street brokerages expect Constellium SE (NYSE:CSTM) to post $1.64 billion in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Constellium’s earnings, with the highest sales estimate coming in at $1.73 billion and the lowest estimate coming in at $1.51 billion. Constellium reported sales of $1.37 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 19.7%. The company is scheduled to report its next earnings report on Tuesday, October 26th.

According to Zacks, analysts expect that Constellium will report full-year sales of $6.62 billion for the current financial year, with estimates ranging from $6.39 billion to $6.75 billion. For the next fiscal year, analysts expect that the business will post sales of $7.04 billion, with estimates ranging from $6.12 billion to $7.74 billion. Zacks’ sales averages are an average based on a survey of research firms that follow Constellium.

CSTM has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Constellium from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, July 29th. The Goldman Sachs Group assumed coverage on shares of Constellium in a research report on Thursday, September 9th. They issued a “buy” rating and a $25.00 price objective on the stock. Finally, TheStreet upgraded Constellium from a “d” rating to a “c+” rating in a research note on Wednesday, July 28th. Six research analysts have rated the stock with a buy rating, According to data from, the company currently has an average rating of “Buy” and an average target price of $21.67.

Shares of NYSE CSTM traded down $0.24 during trading on Friday, hitting $19.45. The company had a trading volume of 30,996 shares, compared to its average volume of 1,096,188. The business’s 50-day moving average is $19.35 and its 200 day moving average is $17.86. The company has a market cap of $2.72 billion, a P/E ratio of 12.21 and a beta of 2.67. The company has a debt-to-equity ratio of 13.85, a quick ratio of 0.64 and a current ratio of 1.15. Constellium has a 52 week low of $7.21 and a 52 week high of $21.59.

Several institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC purchased a new stake in Constellium in the 2nd quarter worth $27,000. Eagle Bay Advisors LLC purchased a new position in shares of Constellium in the 2nd quarter worth approximately $35,000. Ameritas Investment Partners Inc. purchased a new position in shares of Constellium during the 2nd quarter worth about $182,000. M&T Bank Corp purchased a new stake in Constellium in the second quarter worth $211,000. Finally, SG Americas Securities LLC bought a new stake in shares of Constellium during the second quarter valued at approximately $214,000. Institutional investors and hedge funds own 91.41% of the company’s stock.

About Constellium

Constellium SE operates as a holding company with interest in the design and manufacture of a range of specialty rolled, and extruded aluminum products, serving primarily the aerospace, packaging and automotive end-markets. The company operates through the following segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.

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