News coverage about Caesarstone (NASDAQ:CSTE) has trended somewhat positive on Friday, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded 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 0.13 on Accern’s scale. Accern also gave news headlines about the construction company an impact score of 46.1307713520622 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
A number of analysts have recently weighed in on the stock. BidaskClub raised shares of Caesarstone from a “strong sell” rating to a “sell” rating in a research note on Thursday, February 8th. Zacks Investment Research lowered shares of Caesarstone from a “hold” rating to a “sell” rating in a research note on Friday, February 9th. Credit Suisse Group raised shares of Caesarstone to a “hold” rating and set a $21.00 price target for the company in a research note on Wednesday, February 7th. JPMorgan Chase & Co. lowered shares of Caesarstone from a “neutral” rating to an “underweight” rating and set a $25.00 price target for the company. in a research note on Thursday, November 2nd. Finally, Chardan Capital raised shares of Caesarstone from a “neutral” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Monday, January 8th. Three analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $31.80.
Shares of Caesarstone (CSTE) opened at $21.90 on Friday. Caesarstone has a one year low of $19.55 and a one year high of $44.00. The company has a market cap of $748.59, a P/E ratio of 30.00 and a beta of 1.88. The company has a current ratio of 2.97, a quick ratio of 1.92 and a debt-to-equity ratio of 0.02.
Caesarstone (NASDAQ:CSTE) last released its earnings results on Wednesday, February 7th. The construction company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.08). Caesarstone had a net margin of 4.52% and a return on equity of 8.50%. The business had revenue of $148.14 million for the quarter, compared to analyst estimates of $144.97 million. During the same period in the prior year, the company earned $0.53 earnings per share. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. equities analysts predict that Caesarstone will post 1.36 EPS for the current year.
The firm also recently announced a dividend, which will be paid on Wednesday, March 14th. Investors of record on Wednesday, February 21st will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, February 20th.
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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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