Equities research analysts expect that Cabot Corporation (NYSE:CBT) will report earnings per share of $0.93 for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Cabot Corporation’s earnings, with estimates ranging from $0.88 to $0.94. Cabot Corporation posted earnings per share of $1.00 during the same quarter last year, which indicates a negative year-over-year growth rate of 7%. The business is scheduled to issue its next quarterly earnings report on Monday, October 30th.

On average, analysts expect that Cabot Corporation will report full-year earnings of $3.45 per share for the current fiscal year, with EPS estimates ranging from $3.40 to $3.50. For the next financial year, analysts anticipate that the firm will post earnings of $3.77 per share, with EPS estimates ranging from $3.65 to $4.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Cabot Corporation.

Cabot Corporation (NYSE:CBT) last issued its quarterly earnings data on Tuesday, August 1st. The specialty chemicals company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by $0.04. The business had revenue of $705 million for the quarter, compared to analyst estimates of $664.16 million. Cabot Corporation had a return on equity of 16.03% and a net margin of 8.61%. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.93 earnings per share.

Several equities analysts have weighed in on CBT shares. Jefferies Group LLC restated a “buy” rating and set a $68.00 target price on shares of Cabot Corporation in a report on Tuesday, May 2nd. Zacks Investment Research lowered Cabot Corporation from a “buy” rating to a “hold” rating in a report on Friday, May 5th. Northcoast Research upgraded Cabot Corporation from a “neutral” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Wednesday, May 24th. Aegis restated a “hold” rating on shares of Cabot Corporation in a report on Wednesday, May 31st. Finally, BidaskClub upgraded Cabot Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 16th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $60.50.

Institutional investors have recently bought and sold shares of the company. World Asset Management Inc raised its position in Cabot Corporation by 0.5% in the first quarter. World Asset Management Inc now owns 4,333 shares of the specialty chemicals company’s stock worth $260,000 after buying an additional 20 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Cabot Corporation by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,118 shares of the specialty chemicals company’s stock worth $487,000 after buying an additional 33 shares during the last quarter. Teacher Retirement System of Texas raised its position in Cabot Corporation by 0.9% in the second quarter. Teacher Retirement System of Texas now owns 4,984 shares of the specialty chemicals company’s stock worth $266,000 after buying an additional 45 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in Cabot Corporation by 0.5% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 10,772 shares of the specialty chemicals company’s stock worth $492,000 after buying an additional 54 shares during the last quarter. Finally, State Treasurer State of Michigan raised its position in Cabot Corporation by 0.8% in the first quarter. State Treasurer State of Michigan now owns 25,280 shares of the specialty chemicals company’s stock worth $1,515,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.

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Shares of Cabot Corporation (CBT) opened at 51.88 on Tuesday. The firm has a market capitalization of $3.23 billion, a P/E ratio of 14.53 and a beta of 1.05. Cabot Corporation has a 12 month low of $47.99 and a 12 month high of $61.34. The company’s 50 day moving average price is $53.17 and its 200-day moving average price is $55.37.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 25th will be issued a dividend of $0.315 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $1.26 annualized dividend and a yield of 2.43%. Cabot Corporation’s dividend payout ratio (DPR) is currently 35.29%.

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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