Caesarstone (CSTE) Given Daily Coverage Optimism Rating of 0.01

Headlines about Caesarstone (NASDAQ:CSTE) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Caesarstone earned a coverage optimism score of 0.01 on Accern’s scale. Accern also assigned media stories about the construction company an impact score of 46.1087424547675 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news articles that may have effected Accern’s scoring:

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Shares of NASDAQ:CSTE opened at $20.25 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.97 and a quick ratio of 1.92. The firm has a market capitalization of $709.30, a P/E ratio of 15.23 and a beta of 1.74. Caesarstone has a 12-month low of $18.35 and a 12-month high of $44.00.

Caesarstone (NASDAQ:CSTE) last issued its quarterly earnings results on Wednesday, February 7th. The construction company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.08). The company had revenue of $148.14 million during the quarter, compared to the consensus estimate of $144.97 million. Caesarstone had a return on equity of 8.50% and a net margin of 4.52%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS. equities research analysts predict that Caesarstone will post 1.36 earnings per share for the current year.

The business also recently declared a dividend, which was paid on Wednesday, March 14th. Investors of record on Wednesday, February 21st were paid a $0.29 dividend. The ex-dividend date of this dividend was Tuesday, February 20th.

A number of research analysts have recently commented on CSTE shares. Credit Suisse Group cut shares of Caesarstone from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $28.00 to $21.00 in a research report on Monday, January 22nd. BidaskClub cut shares of Caesarstone from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 20th. JPMorgan Chase reduced their target price on shares of Caesarstone from $21.00 to $19.00 and set an “underweight” rating on the stock in a research report on Friday, March 23rd. Chardan Capital raised shares of Caesarstone from a “neutral” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Monday, January 8th. Finally, Zacks Investment Research raised shares of Caesarstone from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Three analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $30.60.

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Caesarstone Company Profile

Caesarstone Ltd., together with its subsidiaries, manufactures and sells engineered quartz surfaces under the Caesarstone brand in the United States, Australia, Canada, Israel, Europe, and internationally. Its engineered quartz slabs are used as countertops in residential kitchens, as well as serve the renovation and remodeling market.

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