Cabot Corporation (CBT) Earning Somewhat Favorable Press Coverage, Accern Reports
Media headlines about Cabot Corporation (NYSE:CBT) have trended somewhat positive on Tuesday, according to Accern. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cabot Corporation earned a news impact score of 0.18 on Accern’s scale. Accern also gave media stories about the specialty chemicals company an impact score of 45.8752741661719 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Brokerages Expect Cabot Corporation (CBT) to Post $0.93 Earnings Per Share (americanbankingnews.com)
- Cabot Corp (CBT) and Trinseo (TSE) Head-To-Head Contrast (americanbankingnews.com)
- Cabot Corporation (NYSE:CBT) Sees Heavy Trading Volume with 1,273K Shares Changing Hands (highlightpress.com)
- CABOT CORP : ex-dividend day (4-traders.com)
- Cabot Corporation (CBT) Receives Consensus Rating of “Buy” from Analysts (americanbankingnews.com)
Cabot Corporation (NYSE CBT) opened at 51.88 on Tuesday. The company has a 50 day moving average price of $53.17 and a 200-day moving average price of $55.37. Cabot Corporation has a 52 week low of $47.99 and a 52 week high of $61.34. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 14.53 and a beta of 1.05.
Cabot Corporation (NYSE:CBT) last posted its quarterly earnings data on Tuesday, August 1st. The specialty chemicals company reported $0.81 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by $0.04. The business had revenue of $705 million for the quarter, compared to the consensus estimate of $664.16 million. Cabot Corporation had a net margin of 8.61% and a return on equity of 16.03%. Cabot Corporation’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 EPS. Equities analysts predict that Cabot Corporation will post $3.45 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be paid a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 2.43%. The ex-dividend date is Wednesday, August 23rd. Cabot Corporation’s dividend payout ratio is 35.29%.
Several research firms have recently weighed in on CBT. BidaskClub cut Cabot Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research cut Cabot Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. J P Morgan Chase & Co raised Cabot Corporation from a “neutral” rating to an “overweight” rating and set a $57.00 price objective for the company in a research report on Tuesday, August 15th. ValuEngine cut Cabot Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Aegis reissued a “hold” rating on shares of Cabot Corporation in a research report on Wednesday, May 31st. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Cabot Corporation presently has an average rating of “Buy” and an average target price of $60.50.
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About Cabot Corporation
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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