Cabot Corp (NYSE:CBT) – Investment analysts at Jefferies Financial Group lowered their Q2 2019 earnings per share (EPS) estimates for Cabot in a note issued to investors on Wednesday, February 6th. Jefferies Financial Group analyst L. Alexander now expects that the specialty chemicals company will post earnings per share of $1.02 for the quarter, down from their prior estimate of $1.17. Jefferies Financial Group also issued estimates for Cabot’s Q3 2019 earnings at $1.21 EPS, Q4 2019 earnings at $1.29 EPS, FY2020 earnings at $4.90 EPS and FY2021 earnings at $5.30 EPS.

A number of other equities research analysts have also commented on CBT. TheStreet raised Cabot from a “c” rating to a “b-” rating in a research report on Tuesday. ValuEngine downgraded Cabot from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Zacks Investment Research downgraded Cabot from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Northcoast Research set a $75.00 price objective on Cabot and gave the company a “buy” rating in a report on Wednesday, November 7th. Finally, Loop Capital set a $82.00 price target on Cabot and gave the stock a “buy” rating in a research note on Tuesday, November 6th. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $74.80.

Cabot stock opened at $42.77 on Thursday. The company has a market cap of $2.61 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44. Cabot has a 52-week low of $39.57 and a 52-week high of $67.80. The company has a current ratio of 1.31, a quick ratio of 0.92 and a debt-to-equity ratio of 0.53.

Cabot (NYSE:CBT) last issued its earnings results on Monday, February 4th. The specialty chemicals company reported $0.87 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.03). Cabot had a return on equity of 19.05% and a net margin of 2.33%. The business had revenue of $821.00 million for the quarter, compared to analyst estimates of $778.50 million. During the same period in the previous year, the firm posted $0.93 EPS. The firm’s revenue was up 14.0% compared to the same quarter last year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Stockholders of record on Friday, February 22nd will be issued a $0.33 dividend. The ex-dividend date is Thursday, February 21st. This represents a $1.32 annualized dividend and a dividend yield of 3.09%. Cabot’s payout ratio is 32.75%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lindbrook Capital LLC acquired a new stake in Cabot during the 4th quarter worth about $28,000. Meeder Asset Management Inc. boosted its holdings in Cabot by 28.2% in the 4th quarter. Meeder Asset Management Inc. now owns 1,049 shares of the specialty chemicals company’s stock worth $45,000 after buying an additional 231 shares during the last quarter. IFP Advisors Inc boosted its holdings in Cabot by 723.5% in the 4th quarter. IFP Advisors Inc now owns 1,087 shares of the specialty chemicals company’s stock worth $46,000 after buying an additional 955 shares during the last quarter. Ipswich Investment Management Co. Inc. acquired a new position in shares of Cabot during the 4th quarter worth approximately $79,000. Finally, Bessemer Group Inc. boosted its holdings in shares of Cabot by 575.7% during the 3rd quarter. Bessemer Group Inc. now owns 2,034 shares of the specialty chemicals company’s stock worth $128,000 after purchasing an additional 1,733 shares during the last quarter. Institutional investors own 85.91% of the company’s stock.

About Cabot

Cabot Corporation operates as a specialty chemicals and performance materials company. The company offers rubber grade carbon blacks used in tires as a rubber reinforcing agent and performance additive, as well as in industrial products, such as hoses, belts, extruded profiles, and molded goods; and compounds of carbon black and rubber.

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Earnings History and Estimates for Cabot (NYSE:CBT)

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