Caesarstone (CSTE) to Release Quarterly Earnings on Wednesday

Caesarstone (NASDAQ:CSTE) is set to post its quarterly earnings results before the market opens on Wednesday, May 1st. Analysts expect Caesarstone to post earnings of ($0.01) per share for the quarter. Caesarstone has set its FY 2019 guidance at EPS.

Caesarstone (NASDAQ:CSTE) last posted its quarterly earnings data on Wednesday, February 6th. The construction company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.10). The company had revenue of $142.88 million during the quarter, compared to analyst estimates of $141.16 million. Caesarstone had a net margin of 4.24% and a return on equity of 5.21%. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.22 earnings per share. On average, analysts expect Caesarstone to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NASDAQ CSTE opened at $15.31 on Monday. The firm has a market capitalization of $526.10 million, a P/E ratio of 21.26 and a beta of 1.70. Caesarstone has a twelve month low of $12.49 and a twelve month high of $21.80. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.15 and a quick ratio of 1.72.

An institutional investor recently raised its position in Caesarstone stock. Geode Capital Management LLC grew its holdings in shares of Caesarstone Ltd (NASDAQ:CSTE) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 102,911 shares of the construction company’s stock after acquiring an additional 5,901 shares during the period. Geode Capital Management LLC owned 0.30% of Caesarstone worth $1,397,000 as of its most recent SEC filing. 49.65% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on CSTE. Zacks Investment Research upgraded Caesarstone from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 9th. BidaskClub downgraded Caesarstone from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. ValuEngine upgraded Caesarstone from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Finally, Credit Suisse Group set a $12.00 price target on Caesarstone and gave the stock a “sell” rating in a report on Friday, January 11th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $14.50.

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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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Earnings History for Caesarstone (NASDAQ:CSTE)

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