Economy

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 https://stocknewstimes.com/2017/11/01/ameriprise-financial-inc-boosts-position-in-caesarstone-ltd-cste.html.

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.



Like this

Latest


01 November 2017
Creed 2: late 2018 release date confirmed
That director is Sylvester Stallone , going behind the camera for the first time since 2010's The Expendables . Production begins early in 2018, and a release date for the movie has now been announced .

01 November 2017
Poly Is Google's Foundation For Building Virtual Worlds
However, an API for developers will be released later to streamline the process of using Poly content in apps. Google has long supported the creation of 3D models through its tools such as Tilt Brush and Blocks.

01 November 2017
Julia Roberts Has the Best Response to Those Asking About Turning 50
Julia Roberts turned 50 at the end of October - and she is sick of answering reporters' questions about her milestone birthday. In an interview with People and EW editorial director Jess Cagle , the actress calls her latest move "a total experiment".

01 November 2017
Most Americans think the USA is at its 'lowest point' in history
According to the poll, 51 percent of Americans say they have been inspired to volunteer due to the current state of the nation. How Practical is it to live off of Bitcoin? The poll was conducted from August 2 to August 31 among 3,440 participants.

01 November 2017
Women found guilty of murdering Orelia teenager
State prosecutor James McTaggart delivered his closing address at the start of the fifth week of the trial of Lilley and Lennon. She had intended the book, she said, ... "He was my precious little boy, he was my first-born. he was full of life", she said.

01 November 2017
Pitney Bowes Inc. (PBI) Announces Earnings Results
Cross Research cut shares of Pitney Bowes from a "hold" rating to a "sell" rating in a research report on Wednesday, August 2nd. The Lapides Asset Management Llc holds 1.62 million shares with $24.41 million value, down from 1.66 million last quarter.

01 November 2017
Denny Hamlin apologizes to Chase Elliott, takes blame for wrecking him
On the cool down lap, the two drivers found each other and proceeded to bang fenders before a verbal altercation ensued.

01 November 2017
Black cab 'mounts pavement and ploughs into pedestrians' in Covent Garden
The CIty of Westminster Police tweeted: "Police on scene at Covent Garden dealing with serious injury accident involving a taxi". Video posted on social media from the scene in Covent Garden showed multiple police cars in the area following the crash.

01 November 2017
FedEx Corporation (FDX) Shares Bought by Dorsey & Whitney Trust CO LLC
Finally, Nordea Investment Management AB increased its stake in shares of FedEx Corporation by 360.6% during the first quarter. GoPro, Inc. produces cameras and mountable and wearable accessories. 13,454 were reported by Walleye Trading Limited Company.

01 November 2017
Scripps Networks Interactive, Inc (SNI) Shares Bought by Janus Henderson Group PLC
It has underperformed by 11.84% the S&P500. 30,000 shares were sold by Scripps Gerald J ., worth $2.09 million on Tuesday, May 9. Analysts await Scripps Networks Interactive , Inc. (NYSE: SNI ) has risen 9.83% since October 30, 2016 and is uptrending.