Media stories about Cabot (NYSE:CBT) have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Cabot earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave media headlines about the specialty chemicals company an impact score of 45.6517320128898 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Cabot (NYSE CBT) traded down $0.66 during midday trading on Tuesday, reaching $57.94. 212,537 shares of the company’s stock traded hands, compared to its average volume of 337,088. The company has a quick ratio of 1.17, a current ratio of 1.70 and a debt-to-equity ratio of 0.41. The firm has a market cap of $3,622.20, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 1.55 and a beta of 1.11. Cabot has a 52 week low of $50.21 and a 52 week high of $64.66.
Cabot (NYSE:CBT) last posted its quarterly earnings results on Tuesday, October 31st. The specialty chemicals company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.02). The company had revenue of $723.00 million during the quarter, compared to analyst estimates of $683.30 million. Cabot had a return on equity of 15.11% and a net margin of 8.87%. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.00 earnings per share. sell-side analysts forecast that Cabot will post 3.78 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 24th were given a $0.315 dividend. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $1.26 annualized dividend and a yield of 2.17%. Cabot’s dividend payout ratio is 33.07%.
Several research analysts recently commented on the stock. J P Morgan Chase & Co upgraded shares of Cabot from a “neutral” rating to an “overweight” rating and set a $57.00 target price on the stock in a report on Tuesday, August 15th. Zacks Investment Research upgraded shares of Cabot from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Loop Capital assumed coverage on shares of Cabot in a report on Thursday, September 28th. They issued a “hold” rating and a $59.00 target price on the stock. KeyCorp reiterated a “hold” rating on shares of Cabot in a report on Wednesday, November 1st. Finally, Jefferies Group reiterated a “buy” rating and issued a $74.00 target price on shares of Cabot in a report on Friday, November 3rd. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $61.14.
In other Cabot news, insider Hobart Kalkstein sold 3,881 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 27,736 shares in the company, valued at approximately $1,480,825.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.50% of the company’s stock.
Cabot 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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