Caesarstone (CSTE) Receives News Impact Score of 0.05

Media headlines about Caesarstone (NASDAQ:CSTE) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. 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 media sentiment score of 0.05 on Accern’s scale. Accern also assigned news articles about the construction company an impact score of 45.9318532525801 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:

Several brokerages have issued reports on CSTE. Zacks Investment Research upgraded Caesarstone from a “strong sell” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase dropped their target price on Caesarstone from $21.00 to $19.00 and set an “underweight” rating for the company in a research report on Friday, March 23rd. ValuEngine downgraded Caesarstone from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. BidaskClub upgraded Caesarstone from a “strong sell” rating to a “sell” rating in a research report on Friday, April 6th. Finally, Credit Suisse Group upgraded Caesarstone to a “hold” rating and set a $21.00 target price for the company in a research report on Wednesday, February 7th. Three analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $30.60.

Shares of CSTE stock traded up $0.05 on Thursday, reaching $20.00. 9,425 shares of the stock were exchanged, compared to its average volume of 269,541. The company has a market cap of $690.41, a P/E ratio of 15.00 and a beta of 1.74. Caesarstone has a one year low of $18.35 and a one year high of $44.00. The company has a quick ratio of 1.92, a current ratio of 2.97 and a debt-to-equity ratio of 0.02.

Caesarstone (NASDAQ:CSTE) last released its earnings results on Wednesday, February 7th. The construction company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.08). The firm had revenue of $148.14 million for the quarter, compared to the consensus estimate of $144.97 million. Caesarstone had a return on equity of 8.50% and a net margin of 4.52%. The company’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 EPS. equities research analysts anticipate that Caesarstone will post 1.36 earnings per share for the current fiscal year.

The company also recently announced a dividend, which was paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 21st were given a dividend of $0.29 per share. The ex-dividend date was Tuesday, February 20th.

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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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