Caesarstone (CSTE) Given News Impact Score of 0.08
Media headlines about Caesarstone (NASDAQ:CSTE) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Caesarstone earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave media headlines about the construction company an impact score of 47.1477245836256 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- Caesarstone Ltd. – Ordinary Sha (NASDAQ:CSTE) Sees Unusual … – Modern Readers (modernreaders.com)
- Caesarstone Ltd. (NASDAQ:CSTE) Downgraded by BidaskClub (americanbankingnews.com)
- Caesarstone Ltd (CSTE) Mesa Adaptive MA Sitting Below FAMA – Evergreen Caller (evergreencaller.com)
- Caesarstone’s (CSTE) CEO Raanan Zilberman on Q2 2017 Results – Earnings Call Transcript – Seeking Alpha (seekingalpha.com)
- Caesarstone Ltd. (NASDAQ:CSTE) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
Shares of Caesarstone (NASDAQ:CSTE) traded down 0.98% during midday trading on Monday, hitting $30.45. The company had a trading volume of 18,446 shares. Caesarstone has a one year low of $26.35 and a one year high of $44.00. The company’s 50 day moving average is $35.19 and its 200 day moving average is $35.30. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 17.40 and a beta of 2.08.
Caesarstone (NASDAQ:CSTE) last issued its earnings results on Wednesday, August 2nd. The construction company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by $0.14. Caesarstone had a net margin of 8.26% and a return on equity of 10.01%. The firm had revenue of $148.90 million during the quarter, compared to analysts’ expectations of $148.35 million. During the same quarter last year, the firm earned $0.73 EPS. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. Equities analysts forecast that Caesarstone will post $1.94 earnings per share for the current fiscal year.
CSTE has been the topic of a number of research reports. Chardan Capital downgraded Caesarstone from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $39.00 to $43.00 in a report on Thursday, May 11th. Credit Suisse Group initiated coverage on Caesarstone in a report on Thursday, June 22nd. They issued a “neutral” rating and a $37.00 price objective on the stock. Zacks Investment Research downgraded Caesarstone from a “hold” rating to a “sell” rating in a report on Monday, May 15th. TheStreet upgraded Caesarstone from a “c” rating to a “b-” rating in a report on Tuesday, April 11th. Finally, BidaskClub downgraded Caesarstone from a “strong-buy” rating to a “buy” rating in a report on Friday, June 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus 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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