Caesarstone Ltd (CSTE) EPS Estimated At $0.53

Caesarstone Ltd. (NASDAQ:CSTE) released its quarterly earnings results on Wednesday. In the last earnings report the EPS was $1.75 and is projected to be $1.94 for the current year with 34,337,000 shares presently outstanding. The business had revenue of $144.30 million for the quarter, compared to analyst estimates of $152.84 million. Caesarstone had a net margin of 11.21% and a return on equity of 14.21%. Analysts expect next quarter's EPS will be $0.52 and the next full year EPS is projected to be $2.24.

(NASDAQ:CSTE) is now down by 7.95% percent from yesterday's close losing $2.25. The company had a trading volume of 444,921 shares.

Caesarstone Ltd. - Ordinary Sha's P/E ratio is 14.80 and the market cap is 889.33M. Although its past performance is not supportive of a positive growth trend, it could also mean CSTE is growing off a lower base, meaning a higher growth rate is easier to achieve.

The stock's 50 day moving average is 29.15 and its 200 day moving average is 33.47.

Stifel Nicolaus maintained the shares of CSTE in report on Friday, October 2 with "Buy" rating. Zacks Investment Research raised shares of Caesarstone from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 11th. Stifel Nicolaus downgraded CaesarStone Sdot-Yam from a buy rating to a hold rating and reduced their target price for the stock from $48.00 to $30.00 in a research note on Thursday, November 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company's stock. TIAA CREF Investment Management LLC now owns 653,400 shares of the company's stock worth $22,712,000 after buying an additional 28,562 shares in the last quarter. The stock has performed -1.91% over the last seven days, -6.14% over the last thirty, and -7.36% over the last three months. HighTower Advisors LLC bought a new position in Caesarstone during the 1st quarter worth approximately $214,000. TIAA CREF Investment Management LLC now owns 392,021 shares of the construction company's stock valued at $13,740,000 after purchasing an additional 25,351 shares during the last quarter. If you are reading this piece of content on another website, it was illegally copied and reposted in violation of US & worldwide copyright legislation. The legal version of this story can be accessed at

As of quarter end Nationwide Fund Advisors had sold 517 shares trimming its stake by 4.0%. The stock of Caesarstone Ltd (NASDAQ:CSTE) earned "Equal-Weight" rating by Barclays Capital on Thursday, February 11.

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