Caesarstone Ltd. (NASDAQ:CSTE) is scheduled 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 issued its earnings results on Wednesday, August 2nd. The construction company reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.14). The company had revenue of $148.90 million for the quarter, compared to analysts’ expectations of $148.35 million. Caesarstone had a return on equity of 14.21% and a net margin of 11.21%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same period last year, the business posted $0.73 earnings per share. On average, analysts expect Caesarstone to post $1.94 EPS for the current fiscal year and $2.24 EPS for the next fiscal year.
Caesarstone Ltd. (CSTE) opened at 28.35 on Tuesday. The company’s 50-day moving average is $29.18 and its 200 day moving average is $33.51. Caesarstone Ltd. has a one year low of $26.35 and a one year high of $44.00. The stock has a market capitalization of $973.45 million, a price-to-earnings ratio of 16.20 and a beta of 2.08.
Several equities research analysts recently weighed in on CSTE shares. Zacks Investment Research raised shares of Caesarstone from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Stifel Nicolaus reaffirmed a “buy” rating and set a $47.00 target price on shares of Caesarstone in a research note on Thursday, August 3rd. Finally, BidaskClub downgraded shares of Caesarstone from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Caesarstone has a consensus rating of “Hold” and a consensus target price of $38.20.
Caesarstone Company Profile
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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