Caesarstone (NASDAQ:CSTE) Earning Somewhat Positive Media Coverage, Report Finds
Headlines about Caesarstone (NASDAQ:CSTE) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Caesarstone earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave news articles about the construction company an impact score of 46.6652118447119 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern’s scoring:
- Ron Baron Cuts Stake in Company With Declining Earnings (finance.yahoo.com)
- Caesarstone Ltd. – Ordinary Sha (NASDAQ:CSTE) Traded Significantly Below Its 50 Day Moving Average – Modern Readers (modernreaders.com)
- Analysts Expect Caesarstone Ltd. (NASDAQ:CSTE) Will Announce Quarterly Sales of $150.58 Million (americanbankingnews.com)
- Shifting Gears: A Technical Look at Caesarstone Ltd (CSTE) Shares – Evergreen Caller (evergreencaller.com)
- Caesarstone Ltd. – Ordinary Sha (NASDAQ:CSTE) Sees Unusual … – Modern Readers (modernreaders.com)
Caesarstone (NASDAQ CSTE) opened at 28.80 on Friday. Caesarstone has a one year low of $26.35 and a one year high of $44.00. The stock’s 50 day moving average price is $34.05 and its 200-day moving average price is $35.22. The stock has a market cap of $988.91 million, a P/E ratio of 16.46 and a beta of 2.08.
Caesarstone (NASDAQ:CSTE) last posted its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.14. The company had revenue of $148.90 million during the quarter, compared to analyst estimates of $148.35 million. Caesarstone had a net margin of 11.21% and a return on equity of 14.21%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the company earned $0.73 EPS. On average, analysts predict that Caesarstone will post $1.94 earnings per share for the current year.
A number of brokerages have recently issued reports on CSTE. Chardan Capital lowered Caesarstone from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $39.00 to $43.00 in a research report on Thursday, May 11th. Zacks Investment Research lowered Caesarstone from a “hold” rating to a “sell” rating in a research report on Monday, May 15th. BidaskClub lowered Caesarstone from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 9th. Credit Suisse Group began coverage on Caesarstone in a research report on Thursday, June 22nd. They set a “neutral” rating and a $37.00 target price on the stock. Finally, TheStreet lowered Caesarstone from a “b-” rating to a “c+” rating in a research report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $38.20.
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Caesarstone Company Profile
Caesarstone Ltd., formerly Caesarstone Sdot-Yam Ltd., is a manufacturer of engineered quartz surfaces. The Company’s products consist of engineered quartz, which are installed as countertops in residential kitchens. Its products are primarily used as kitchen countertops in the renovation, remodeling and residential construction end markets.
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