Wall Street analysts expect Caesarstone Ltd (NASDAQ:CSTE) to post earnings per share of $0.27 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Caesarstone’s earnings. Caesarstone posted earnings of $0.37 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 27%. The company is scheduled to announce its next earnings report before the market opens on Wednesday, November 7th.

According to Zacks, analysts expect that Caesarstone will report full year earnings of $1.06 per share for the current year, with EPS estimates ranging from $1.04 to $1.07. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.04 per share, with EPS estimates ranging from $0.78 to $1.30. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Caesarstone.

Caesarstone (NASDAQ:CSTE) last issued its quarterly earnings results on Wednesday, August 8th. The construction company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.25 by $0.18. Caesarstone had a net margin of 2.28% and a return on equity of 5.64%. The firm had revenue of $149.24 million for the quarter, compared to analysts’ expectations of $152.22 million. During the same period in the previous year, the business earned $0.49 earnings per share. Caesarstone’s revenue for the quarter was up .2% compared to the same quarter last year.

Several equities research analysts have commented on the stock. ValuEngine upgraded shares of Caesarstone from a “sell” rating to a “hold” rating in a research report on Monday, October 15th. BidaskClub upgraded shares of Caesarstone from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 11th. Zacks Investment Research upgraded shares of Caesarstone from a “sell” rating to a “hold” rating in a research report on Tuesday, July 10th. Finally, Credit Suisse Group set a $13.00 price target on shares of Caesarstone and gave the stock a “sell” rating in a research report on Friday, July 6th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $21.33.

Shares of Caesarstone stock opened at $16.62 on Friday. The company has a current ratio of 3.11, a quick ratio of 1.85 and a debt-to-equity ratio of 0.02. Caesarstone has a 52 week low of $12.50 and a 52 week high of $29.70. The stock has a market capitalization of $587.71 million, a price-to-earnings ratio of 12.50 and a beta of 1.92.

A number of hedge funds and other institutional investors have recently bought and sold shares of CSTE. Schwab Charles Investment Management Inc. raised its holdings in Caesarstone by 11.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 41,000 shares of the construction company’s stock worth $806,000 after buying an additional 4,100 shares during the period. Northern Trust Corp raised its holdings in Caesarstone by 2.4% during the 1st quarter. Northern Trust Corp now owns 258,745 shares of the construction company’s stock worth $5,085,000 after buying an additional 5,968 shares during the period. BlackRock Inc. raised its holdings in Caesarstone by 1.9% during the 1st quarter. BlackRock Inc. now owns 1,394,862 shares of the construction company’s stock worth $27,408,000 after buying an additional 25,575 shares during the period. JPMorgan Chase & Co. raised its holdings in Caesarstone by 45.1% during the 1st quarter. JPMorgan Chase & Co. now owns 40,694 shares of the construction company’s stock worth $800,000 after buying an additional 12,655 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in Caesarstone by 57.4% during the 1st quarter. Russell Investments Group Ltd. now owns 33,161 shares of the construction company’s stock worth $652,000 after buying an additional 12,088 shares during the period. Hedge funds and other institutional investors own 47.27% of the company’s stock.

About Caesarstone

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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