Brokerages predict that Caesarstone Ltd (NASDAQ:CSTE) will post earnings of $0.19 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Caesarstone’s earnings. Caesarstone posted earnings of $0.43 per share during the same quarter last year, which suggests a negative year over year growth rate of 55.8%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Wednesday, August 7th.

According to Zacks, analysts expect that Caesarstone will report full-year earnings of $0.95 per share for the current financial year. For the next fiscal year, analysts anticipate that the business will report earnings of $1.24 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Caesarstone.

Caesarstone (NASDAQ:CSTE) last issued its earnings results on Wednesday, May 1st. The construction company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.09. Caesarstone had a net margin of 3.96% and a return on equity of 4.78%. The business had revenue of $128.00 million for the quarter, compared to the consensus estimate of $132.66 million. During the same quarter last year, the firm posted $0.10 EPS. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year.

Several equities research analysts recently issued reports on CSTE shares. ValuEngine downgraded shares of WideOpenWest from a “hold” rating to a “sell” rating in a research note on Friday, June 28th. Zacks Investment Research lowered shares of EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, BidaskClub raised shares of Xilinx from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th.

Shares of CSTE stock traded down $0.19 during mid-day trading on Wednesday, reaching $14.45. The company’s stock had a trading volume of 2,669 shares, compared to its average volume of 80,416. The firm’s 50 day moving average is $14.82. Caesarstone has a 12-month low of $12.49 and a 12-month high of $21.80. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.20 and a quick ratio of 1.80. The stock has a market cap of $491.69 million, a price-to-earnings ratio of 19.88 and a beta of 1.63.

Hedge funds have recently made changes to their positions in the business. Truvestments Capital LLC acquired a new position in Caesarstone during the 1st quarter worth $27,000. Quantamental Technologies LLC purchased a new stake in Caesarstone during the 1st quarter worth $31,000. Public Employees Retirement Association of Colorado increased its position in shares of Caesarstone by 67.9% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 4,366 shares of the construction company’s stock worth $68,000 after purchasing an additional 1,766 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Caesarstone by 505.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,772 shares of the construction company’s stock worth $74,000 after purchasing an additional 3,984 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Caesarstone in the 1st quarter worth about $132,000. 45.62% of the stock is owned by institutional investors.

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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