Caesarstone Ltd Plans Dividend of $0.29 (CSTE)

Caesarstone Ltd (NASDAQ:CSTE) declared a dividend on Wednesday, February 7th, Fidelity reports. Stockholders of record on Wednesday, February 21st will be given a dividend of 0.29 per share by the construction company on Wednesday, March 14th. The ex-dividend date of this dividend is Tuesday, February 20th.

Caesarstone (CSTE) opened at $21.80 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.97 and a quick ratio of 1.92. The company has a market capitalization of $746.87, a PE ratio of 19.59 and a beta of 1.88. Caesarstone has a 12 month low of $19.55 and a 12 month high of $44.00.

Caesarstone (NASDAQ:CSTE) last posted its quarterly earnings data on Wednesday, February 7th. The construction company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.08). The business had revenue of $148.14 million during 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 for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 earnings per share. research analysts predict that Caesarstone will post 1.36 EPS for the current fiscal year.

A number of equities analysts have recently commented on the company. BidaskClub upgraded Caesarstone from a “strong sell” rating to a “sell” rating in a research note on Thursday, February 8th. Zacks Investment Research lowered Caesarstone from a “hold” rating to a “sell” rating in a research note on Friday, February 9th. Credit Suisse Group upgraded Caesarstone to a “hold” rating and set a $21.00 price objective on the stock in a research note on Wednesday, February 7th. Chardan Capital reiterated a “neutral” rating and issued a $32.00 price objective (down from $43.00) on shares of Caesarstone in a research note on Tuesday, November 7th. Finally, JPMorgan Chase & Co. lowered Caesarstone from a “neutral” rating to an “underweight” rating and set a $25.00 price objective on the stock. in a research note on Thursday, November 2nd. Three analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $31.80.

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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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