According to Zacks, “CaesarStone Ltd manufactures engineered quartz surfaces for residential and commercial buildings as countertops, vanities, wall cladding, floors and other interior surfaces. The company’s product consists of Classico, Supernatural, Motivo and Concetto. CaesarStone Ltd, formerly known as Caesarstone Sdot-Yam Ltd., is based in MP Menashe, Israel. “
CSTE has been the topic of a number of other research reports. Stifel Nicolaus upgraded Caesarstone from a hold rating to a buy rating and upped their target price for the stock from $17.00 to $19.00 in a research note on Thursday, August 8th. BidaskClub upgraded Caesarstone from a sell rating to a hold rating in a research note on Saturday, September 14th. Finally, ValuEngine downgraded Caesarstone from a strong-buy rating to a buy rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $16.33.
Caesarstone stock opened at $16.57 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.98 and a current ratio of 3.24. The business’s 50-day simple moving average is $15.71 and its two-hundred day simple moving average is $15.19. The company has a market cap of $570.01 million, a PE ratio of 23.01 and a beta of 1.52. Caesarstone has a fifty-two week low of $12.49 and a fifty-two week high of $17.95.
Caesarstone (NASDAQ:CSTE) last posted its quarterly earnings results on Wednesday, August 7th. The construction company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.05. The business had revenue of $141.07 million for the quarter, compared to the consensus estimate of $147.02 million. Caesarstone had a return on equity of 3.80% and a net margin of 3.20%. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 EPS. As a group, analysts predict that Caesarstone will post 0.7 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Caesarstone by 46.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 119,500 shares of the construction company’s stock worth $1,797,000 after buying an additional 37,998 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its stake in shares of Caesarstone by 29.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 5,667 shares of the construction company’s stock worth $85,000 after buying an additional 1,301 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Caesarstone by 16.1% in the second quarter. Russell Investments Group Ltd. now owns 18,481 shares of the construction company’s stock worth $277,000 after buying an additional 2,567 shares during the last quarter. Strs Ohio boosted its stake in shares of Caesarstone by 40.9% in the second quarter. Strs Ohio now owns 36,200 shares of the construction company’s stock worth $544,000 after buying an additional 10,500 shares during the last quarter. Finally, Sphera Funds Management LTD. boosted its stake in shares of Caesarstone by 1.9% in the first quarter. Sphera Funds Management LTD. now owns 478,114 shares of the construction company’s stock worth $7,463,000 after buying an additional 8,954 shares during the last quarter. Hedge funds and other institutional investors own 45.59% of the company’s stock.
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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