Caesarstone (CSTE) Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Caesarstone in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" CSTE shares.
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1 analysts have issued twelve-month price targets for Caesarstone's shares. Their CSTE share price forecasts range from $6.00 to $7.00. On average, they anticipate the company's stock price to reach $6.50 in the next year. This suggests a possible upside of 39.2% from the stock's current price.
View analysts price targets for CSTE or view top-rated stocks among Wall Street analysts.

Caesarstone's stock was trading at $5.71 at the start of the year. Since then, CSTE shares have decreased by 18.2% and is now trading at $4.67.
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Caesarstone saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 705,500 shares, a drop of 6.2% from the April 30th total of 752,200 shares. Based on an average trading volume of 142,000 shares, the days-to-cover ratio is currently 5.0 days. Approximately 3.1% of the shares of the stock are sold short.
View Caesarstone's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our CSTE earnings forecast.

Caesarstone Ltd. (NASDAQ:CSTE) posted its quarterly earnings data on Wednesday, February, 9th. The construction company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.06 by $0.05. The construction company earned $171.06 million during the quarter, compared to the consensus estimate of $163.77 million. Caesarstone had a negative net margin of 9.99% and a negative trailing twelve-month return on equity of 0.28%. During the same period in the prior year, the company posted ($0.07) EPS.

Caesarstone declared a quarterly dividend on Thursday, August 4th. Investors of record on Wednesday, August 17th will be paid a dividend of $0.25 per share on Wednesday, September 7th. This represents a $1.00 annualized dividend and a dividend yield of 21.41%. The ex-dividend date is Tuesday, August 16th. This is a boost from the stock's previous quarterly dividend of $0.10.
Read our dividend analysis for CSTE.

Caesarstone (NASDAQ:CSTE) pays an annual dividend of $0.20 per share and currently has a dividend yield of 4.44%. CSTE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for CSTE.

11 employees have rated Caesarstone Chief Executive Officer Raanan Zilberman on Glassdoor.com. Raanan Zilberman has an approval rating of 46% among the company's employees. This puts Raanan Zilberman in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Caesarstone investors own include (ENZY) (ENZY), MediWound (MDWD), Twitter (TWTR), Alphabet (GOOG), Ambarella (AMBA), General Electric (GE), Intuitive Surgical (ISRG), Netflix (NFLX), NXP Semiconductors (NXPI) and Shopify (SHOP).

Caesarstone trades on the NASDAQ under the ticker symbol "CSTE."

Caesarstone's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Global Alpha Capital Management Ltd. (8.88%), BlackRock Inc. (3.79%), Frontier Capital Management Co. LLC (1.82%), Renaissance Technologies LLC (1.11%), RBF Capital LLC (0.87%) and Geode Capital Management LLC (0.70%).

Shares of CSTE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CSTE stock can currently be purchased for approximately $4.67.

Caesarstone (NASDAQ:CSTE) has a market capitalization of $161.16 million and generates $690.81 million in revenue each year. The construction company earns $-57,050,000.00 in net income (profit) each year or ($1.96) on an earnings per share basis.

The company employs 2,111 workers across the globe.

Caesarstone's mailing address is Kibbutz Sdot Yam, MP Menashe L3, 38805. The official website for the company is www.caesarstone.com. The construction company can be reached via phone at (724) 636-4555, via email at rodny.nacier@icrinc.com, or via fax at 972-4636-4400.