Caesarstone Ltd. (NASDAQ:CSTE) is set to release its earnings data before the market opens on Wednesday, November 1st. Analysts expect Caesarstone to post earnings of $0.59 per share for the quarter.
Caesarstone (NASDAQ:CSTE) last posted its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.14). The business had revenue of $148.90 million during the quarter, compared to the consensus estimate of $148.35 million. Caesarstone had a net margin of 11.21% and a return on equity of 14.21%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.73 earnings per share. On average, analysts expect Caesarstone to post $1.87 EPS for the current fiscal year and $2.19 EPS for the next fiscal year.
Caesarstone Ltd. (CSTE) opened at 28.85 on Wednesday. Caesarstone Ltd. has a 12 month low of $26.35 and a 12 month high of $44.00. The company has a market capitalization of $990.62 million, a PE ratio of 16.49 and a beta of 2.07. The company has a 50-day moving average price of $29.26 and a 200 day moving average price of $33.73.
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A number of research firms have recently weighed in on CSTE. Stifel Nicolaus reiterated a “buy” rating and set a $47.00 target price on shares of Caesarstone in a research report on Thursday, August 3rd. BidaskClub downgraded Caesarstone from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. TheStreet cut Caesarstone from a “b-” rating to a “c+” rating in a report on Wednesday, June 28th. Finally, Zacks Investment Research cut Caesarstone from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $38.20.
Caesarstone Ltd., formerly Caesarstone Sdot-Yam Ltd., is a manufacturer of engineered quartz surfaces. The Company’s products consist of engineered quartz, which are installed as countertops in residential kitchens. Its products are primarily used as kitchen countertops in the renovation, remodeling and residential construction end markets.
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