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
Regions Financial Corporation (NYSE:RF) Sale Analysis
Maximum and minimum EPS estimate for the current quarter is projected at $0.29 and $0.25, respectively, according to 26 analysts. Gratus Capital LLC acquired a new position in State Bank Financial Corporation.in the second quarter valued at about $206,000.

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
Haryana teachers skip 'priest training', show cause notices issued
A section of the teachers, protesting against the order, accused the Bharatiya Janata Party (BJP) government of pursuing a "Hindutva agenda".

01 November 2017
Revenue Estimates Analysis Johnson Controls International plc (JCI)
The institutional investor owned 6,414 shares of the auto parts company's stock after selling 4,097 shares during the quarter. Perigon Wealth Management LLC grew its holdings in Johnson Controls International PLC by 171.7% during the 2nd quarter.

01 November 2017
Hudson's Bay Plans to Sell a Major Canadian Location Amid Declining Sales
The company is now considering various buyer options in an attempt to cut down on the department store's costs. The Hudson's Bay building at West Georgia and Seymour Street during 2010 Vancouver Winter Olympics.

01 November 2017
Government to Designate 'Khichdi' as National Dish
A giant " kadhai " (frying pan) 7 feet in diameter and with a capacity of 1,000 litres will be used for slow steam-cooking. The cooked khichdi will be distributed to about 60,000 orphan children as well as guests present at the event.

01 November 2017
Adams Asset Advisors LLC Takes Position in Simon Property Group, Inc. (SPG)
The price earnings ratio (P/E) ratio helps investors analyze how much they should pay for a stock based on its current earnings. The stock now shows its YTD (Year to Date) performance of -11.22 percent, whereas its Weekly performance stands at -4.65%.

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
Electronic Arts Inc. (NASDAQ:EA) Fall's in Trading Today - Down by 5.50%
The fund owned 532,868 shares of the game software company's stock after purchasing an additional 6,419 shares during the period. On October 18 Morgan Stanley held the company rating at "Overweight" but lowered the price target to $126.00 from $128.00.



Recommended