Equities research analysts predict that Caesarstone Ltd. (NASDAQ:CSTE) will announce $145.17 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Caesarstone’s earnings, with the highest sales estimate coming in at $145.95 million and the lowest estimate coming in at $144.38 million. Caesarstone posted sales of $134.98 million in the same quarter last year, which would indicate a positive year over year growth rate of 7.5%. The business is scheduled to report its next quarterly earnings report on Wednesday, February 14th.

On average, analysts expect that Caesarstone will report full-year sales of $145.17 million for the current financial year, with estimates ranging from $584.39 million to $620.10 million. For the next year, analysts forecast that the business will post sales of $624.53 million per share, with estimates ranging from $615.58 million to $633.47 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Caesarstone.

A number of brokerages have recently issued reports on CSTE. BidaskClub lowered shares of Caesarstone from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Zacks Investment Research upgraded shares of Caesarstone from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Wednesday, October 4th. Stifel Nicolaus restated a “buy” rating and set a $47.00 target price on shares of Caesarstone in a research report on Thursday, August 3rd. J P Morgan Chase & Co lowered shares of Caesarstone from a “neutral” rating to an “underweight” rating and set a $25.00 target price on the stock. in a research report on Thursday, November 2nd. Finally, Chardan Capital restated a “neutral” rating and set a $32.00 target price (down from $43.00) on shares of Caesarstone in a research report on Tuesday, November 7th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $35.00.

Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its position in Caesarstone by 51.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 25,193 shares of the construction company’s stock valued at $883,000 after buying an additional 8,512 shares during the last quarter. Sphera Funds Management LTD. grew its position in Caesarstone by 36.5% in the 2nd quarter. Sphera Funds Management LTD. now owns 122,797 shares of the construction company’s stock valued at $4,304,000 after buying an additional 32,823 shares during the last quarter. Renaissance Group LLC purchased a new position in Caesarstone in the 2nd quarter valued at $432,000. Menta Capital LLC purchased a new position in Caesarstone in the 2nd quarter valued at $988,000. Finally, State of New Jersey Common Pension Fund D grew its position in Caesarstone by 13.4% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 84,500 shares of the construction company’s stock valued at $2,518,000 after buying an additional 10,000 shares during the last quarter. Hedge funds and other institutional investors own 49.66% of the company’s stock.

Shares of Caesarstone (NASDAQ:CSTE) traded down $0.10 on Thursday, hitting $24.90. 109,730 shares of the stock were exchanged, compared to its average volume of 212,790. The company has a current ratio of 3.31, a quick ratio of 2.20 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $837.87, a price-to-earnings ratio of 17.94 and a beta of 2.17. Caesarstone has a twelve month low of $23.10 and a twelve month high of $44.00.

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About Caesarstone

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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