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 MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $21.67.
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.
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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