Caesarstone (NASDAQ:CSTE - Get Free Report) released its quarterly earnings data on Wednesday. The construction company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.12), RTT News reports. The company had revenue of $97.86 million for the quarter, compared to analyst estimates of $99.40 million. Caesarstone had a negative net margin of 14.56% and a negative return on equity of 9.61%. During the same quarter in the prior year, the firm earned ($0.28) EPS.
Caesarstone Stock Down 5.5 %
Shares of CSTE traded down $0.18 during midday trading on Monday, reaching $3.09. 93,652 shares of the stock were exchanged, compared to its average volume of 36,306. The company has a market cap of $106.70 million, a price-to-earnings ratio of -1.54 and a beta of 0.10. Caesarstone has a 12-month low of $3.05 and a 12-month high of $6.81. The firm has a 50 day simple moving average of $4.10 and a 200-day simple moving average of $4.36.
Analyst Ratings Changes
Separately, StockNews.com started coverage on Caesarstone in a report on Monday, March 3rd. They set a "hold" rating on the stock.
Check Out Our Latest Analysis on CSTE
Caesarstone Company Profile
(
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Caesarstone Ltd., together with its subsidiaries, designs, develops, manufactures, and markets engineered stone and other materials under the Caesarstone brand in the United States, Canada, Latin America, Australia, Asia, Europe, the Middle East and Africa, and Israel. The company's engineered stone slabs are primarily used as indoor and outdoor kitchen countertops in the renovation and remodeling, and residential construction sectors.
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