Wall Street analysts expect Caesarstone Ltd (NASDAQ:CSTE) to post earnings of $0.21 per share for the current quarter, according to Zacks. Two analysts have made estimates for Caesarstone’s earnings, with estimates ranging from $0.20 to $0.21. Caesarstone posted earnings per share of $0.22 in the same quarter last year, which suggests a negative year-over-year growth rate of 4.5%. The firm is scheduled to report its next quarterly earnings results on Wednesday, February 6th.

According to Zacks, analysts expect that Caesarstone will report full year earnings of $1.16 per share for the current year. For the next financial year, analysts expect that the firm will report earnings of $0.95 per share, with EPS estimates ranging from $0.70 to $1.20. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Caesarstone.

Caesarstone (NASDAQ:CSTE) last announced its quarterly earnings results on Wednesday, November 7th. The construction company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. The company had revenue of $147.70 million during the quarter, compared to the consensus estimate of $155.54 million. Caesarstone had a net margin of 2.93% and a return on equity of 6.40%. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.37 earnings per share.

A number of research firms recently weighed in on CSTE. BidaskClub upgraded Caesarstone from a “sell” rating to a “hold” rating in a report on Saturday, September 22nd. ValuEngine upgraded Caesarstone from a “sell” rating to a “hold” rating in a report on Monday, September 17th. Finally, Credit Suisse Group decreased their price objective on Caesarstone from $15.00 to $13.00 and set a “sell” rating for the company in a report on Thursday, November 8th. Three analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $21.33.

Shares of NASDAQ:CSTE traded down $0.28 during trading on Thursday, hitting $14.64. 205,200 shares of the company were exchanged, compared to its average volume of 286,644. The company has a market capitalization of $512.48 million, a PE ratio of 11.01 and a beta of 1.94. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.05 and a current ratio of 3.60. Caesarstone has a 1-year low of $12.50 and a 1-year high of $26.50.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Wednesday, November 21st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $0.48 dividend on an annualized basis and a yield of 3.28%. Caesarstone’s payout ratio is 45.11%.

A number of hedge funds and other institutional investors have recently bought and sold shares of CSTE. FMR LLC increased its holdings in Caesarstone by 7,186.0% in the third quarter. FMR LLC now owns 728,600 shares of the construction company’s stock valued at $13,516,000 after purchasing an additional 718,600 shares during the period. Sphera Funds Management LTD. increased its holdings in Caesarstone by 143.2% in the third quarter. Sphera Funds Management LTD. now owns 561,311 shares of the construction company’s stock valued at $10,412,000 after purchasing an additional 330,495 shares during the period. BlackRock Inc. increased its holdings in Caesarstone by 17.2% in the second quarter. BlackRock Inc. now owns 1,635,202 shares of the construction company’s stock valued at $24,692,000 after purchasing an additional 240,340 shares during the period. Clal Insurance Enterprises Holdings Ltd increased its holdings in Caesarstone by 17.6% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 698,256 shares of the construction company’s stock valued at $12,953,000 after purchasing an additional 104,396 shares during the period. Finally, Formula Growth Ltd. increased its holdings in Caesarstone by 15.6% in the second quarter. Formula Growth Ltd. now owns 644,599 shares of the construction company’s stock valued at $9,733,000 after purchasing an additional 87,025 shares during the period. Institutional investors and hedge funds own 45.80% of the company’s stock.

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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