$0.79 EPS Expected for Cabot Corporation (CBT) This Quarter

Equities research analysts forecast that Cabot Corporation (NYSE:CBT) will announce $0.79 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Cabot Corporation’s earnings, with the highest EPS estimate coming in at $0.95 and the lowest estimate coming in at $0.73. Cabot Corporation posted earnings of $0.84 per share in the same quarter last year, which would indicate a negative year over year growth rate of 6%. The firm is scheduled to issue its next earnings results on Wednesday, February 7th.

According to Zacks, analysts expect that Cabot Corporation will report full-year earnings of $3.79 per share for the current financial year, with EPS estimates ranging from $3.70 to $3.90. For the next year, analysts anticipate that the company will post earnings of $4.17 per share, with EPS estimates ranging from $4.05 to $4.40. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Cabot Corporation.

Cabot Corporation (NYSE:CBT) last released its quarterly earnings results on Tuesday, October 31st. The specialty chemicals company reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.02). The company had revenue of $723.00 million for the quarter, compared to the consensus estimate of $683.30 million. Cabot Corporation had a return on equity of 15.11% and a net margin of 8.87%. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.00 earnings per share.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Cabot Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $74.00 price objective on shares of Cabot Corporation in a research note on Friday, November 3rd. KeyCorp reaffirmed a “hold” rating on shares of Cabot Corporation in a research note on Wednesday, November 1st. Loop Capital assumed coverage on shares of Cabot Corporation in a research note on Thursday, September 28th. They issued a “hold” rating and a $59.00 price objective on the stock. Finally, J P Morgan Chase & Co raised shares of Cabot Corporation from a “neutral” rating to an “overweight” rating and set a $57.00 price objective on the stock in a research note on Tuesday, August 15th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $61.14.

In other news, insider Hobart Kalkstein sold 3,881 shares of Cabot Corporation stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $53.39, for a total value of $207,206.59. Following the transaction, the insider now directly owns 27,736 shares of the company’s stock, valued at $1,480,825.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.50% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Cabot Corporation by 9.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,469 shares of the specialty chemicals company’s stock worth $132,000 after acquiring an additional 209 shares in the last quarter. Old Mutual Global Investors UK Ltd. purchased a new position in shares of Cabot Corporation in the second quarter worth approximately $155,000. Parametrica Management Ltd purchased a new position in shares of Cabot Corporation in the third quarter worth approximately $217,000. Virginia Retirement Systems ET AL purchased a new position in shares of Cabot Corporation in the third quarter worth approximately $218,000. Finally, Quantbot Technologies LP boosted its holdings in shares of Cabot Corporation by 244.4% during the second quarter. Quantbot Technologies LP now owns 4,643 shares of the specialty chemicals company’s stock worth $248,000 after purchasing an additional 3,295 shares during the period. 84.28% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Cabot Corporation (CBT) traded up $0.03 on Monday, hitting $62.24. 295,600 shares of the stock traded hands, compared to its average volume of 340,078. The firm has a market cap of $3,851.68, a PE ratio of 18.15, a P/E/G ratio of 1.64 and a beta of 1.11. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.70 and a quick ratio of 1.17. Cabot Corporation has a 12 month low of $49.70 and a 12 month high of $64.66.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 24th will be given a $0.315 dividend. This represents a $1.26 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Wednesday, November 22nd. Cabot Corporation’s dividend payout ratio (DPR) is currently 33.07%.

Cabot Corporation Company Profile

Cabot Corporation is a global specialty chemicals and performance materials company. The Company operates through four business segments: reinforcement materials, performance chemicals, purification solutions and specialty fluids. Reinforcement materials’ rubber grade carbon blacks are used to enhance the physical properties of the systems and applications in which they are incorporated.

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Earnings History and Estimates for Cabot Corporation (NYSE:CBT)

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