Caesarstone Sdot-Yam (CSTE) Posts Quarterly Results
Caesarstone Sdot-Yam (NASDAQ:CSTE) posted its quarterly earnings results on Wednesday. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01, Stock Ratings Network.com reports. The company had revenue of $116.10 million for the quarter, compared to the consensus estimate of $105.15 million.
Caesarstone Sdot-Yam (NASDAQ:CSTE) opened at 43.91 on Wednesday. Caesarstone Sdot-Yam has a one year low of $36.26 and a one year high of $61.91. The stock has a 50-day moving average of $47.22 and a 200-day moving average of $51.01. The company has a market cap of $1.528 billion and a P/E ratio of 23.71. Caesarstone Sdot-Yam also was the target of some unusual options trading activity on Tuesday. Traders purchased 591 call options on the stock. This is an increase of 116% compared to the average volume of 273 call options.
A number of research firms have recently commented on CSTE. Analysts at Bank of America initiated coverage on shares of Caesarstone Sdot-Yam in a research note on Friday, July 18th. They set a “buy” rating on the stock. On the ratings front, analysts at Barclays raised their price target on shares of Caesarstone Sdot-Yam from $60.00 to $61.00 in a research note on Wednesday, July 2nd. They now have an “overweight” rating on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Caesarstone Sdot-Yam from $60.00 to $62.00 in a research note on Friday, May 9th. They now have a “buy” rating on the stock. Six research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus target price of $54.75.
Caesarstone Sdot-Yam Ltd. (NASDAQ:CSTE) through its subsidiaries is engaged in the manufacturing of engineered quartz surfaces sold under its premium Caesarstone brand.
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