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. “
Several other equities research analysts have also recently commented on the company. Stifel Nicolaus raised Caesarstone from a hold rating to a buy rating and increased their price target for the company from $17.00 to $19.00 in a report on Thursday, August 8th. BidaskClub raised Caesarstone from a sell rating to a hold rating in a report on Saturday, September 14th. Finally, ValuEngine cut Caesarstone from a strong-buy rating to a buy rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Caesarstone has an average rating of Hold and an average target price of $16.33.
NASDAQ:CSTE opened at $16.57 on Tuesday. Caesarstone has a one year low of $12.49 and a one year high of $17.95. 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 stock has a market cap of $570.01 million, a PE ratio of 23.01 and a beta of 1.52. The stock has a 50 day moving average price of $15.71 and a 200 day moving average price of $15.19.
Caesarstone (NASDAQ:CSTE) last posted its quarterly earnings results on Wednesday, August 7th. The construction company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.14 by $0.05. Caesarstone had a return on equity of 3.80% and a net margin of 3.20%. The firm had revenue of $141.07 million during the quarter, compared to analysts’ expectations of $147.02 million. During the same quarter last year, the firm earned $0.43 earnings per share. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. As a group, analysts predict that Caesarstone will post 0.7 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of CSTE. Menora Mivtachim Holdings LTD. acquired a new stake in Caesarstone during the first quarter worth $10,861,000. Sphera Funds Management LTD. increased its stake in Caesarstone by 1.9% during the first quarter. Sphera Funds Management LTD. now owns 478,114 shares of the construction company’s stock worth $7,463,000 after acquiring an additional 8,954 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in Caesarstone by 0.3% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 653,597 shares of the construction company’s stock worth $9,824,000 after acquiring an additional 1,810 shares during the last quarter. Strs Ohio increased its stake in Caesarstone by 40.9% during the second quarter. Strs Ohio now owns 36,200 shares of the construction company’s stock worth $544,000 after acquiring an additional 10,500 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in Caesarstone during the second quarter worth $548,000. 45.59% of the stock is owned by institutional investors.
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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