News articles about Caesarstone (NASDAQ:CSTE) have been trending positive on Saturday, according to AlphaOne Sentiment. The research firm, a subsidiary of Accern, rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Caesarstone earned a media sentiment score of 0.48 on AlphaOne’s scale. AlphaOne also assigned media headlines about the construction company an impact score of 27 out of 100, indicating that recent news coverage is unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have impacted AlphaOne Sentiment Analysis’s analysis:
- Crunching the Numbers for Caesarstone Ltd (CSTE) – Hayden Business Journal (haydenbusinessjournal.com)
- Commit To Buy Caesarstone At $30, Earn 9.8% Annualized Using Options – Nasdaq (nasdaq.com)
- Spruce Point Capital – Caesarstone Ltd (CSTE) – Nothing On The Counter – ValueWalk (valuewalk.com)
- Notable Wednesday Option Activity: NAV, CSTE, AKS (stockoptionschannel.com)
- Stock Performance Check on Shares of Caesarstone Ltd. (NASDAQ:CSTE) – Jonesboro Recorder (jonesbororecorder.com)
Shares of Caesarstone (CSTE) traded down 2.30% during midday trading on Friday, hitting $34.00. 560,636 shares of the stock traded hands. The firm’s 50 day moving average price is $38.50 and its 200 day moving average price is $33.95. Caesarstone has a 12-month low of $26.35 and a 12-month high of $44.00. The company has a market capitalization of $1.17 billion, a PE ratio of 16.46 and a beta of 2.02.
Caesarstone (NASDAQ:CSTE) last released its earnings results on Wednesday, May 10th. The construction company reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.04. The business had revenue of $136.40 million during the quarter, compared to the consensus estimate of $124.97 million. Caesarstone had a return on equity of 17.19% and a net margin of 13.29%. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period last year, the business posted $0.38 earnings per share. Analysts expect that Caesarstone will post $2.06 EPS for the current year.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Caesarstone from a “hold” rating to a “sell” rating in a report on Monday, May 15th. TheStreet raised shares of Caesarstone from a “c” rating to a “b-” rating in a research note on Tuesday, April 11th. Chardan Capital lowered shares of Caesarstone from a “buy” rating to a “neutral” rating and increased their price target for the stock from $39.00 to $43.00 in a research report on Thursday, May 11th. Stifel Nicolaus raised shares of Caesarstone from a “hold” rating to a “buy” rating and increased their price target for the stock from $33.00 to $47.00 in a research report on Friday, March 24th. Finally, BidaskClub downgraded Caesarstone from a “strong-buy” rating to a “buy” rating in a report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Caesarstone currently has an average rating of “Hold” and a consensus price target of $42.75.
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.
Receive News & Ratings for Caesarstone Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caesarstone Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.