Somewhat Positive Media Coverage Somewhat Unlikely to Impact Cabot Corporation (CBT) Share Price
News articles about Cabot Corporation (NYSE:CBT) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cabot Corporation earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave press coverage about the specialty chemicals company an impact score of 46.2401727941237 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Brokerages Expect Cabot Corporation (CBT) Will Post Quarterly Sales of $641.01 Million (americanbankingnews.com)
- $0.79 EPS Expected for Cabot Corporation (CBT) This Quarter (americanbankingnews.com)
- Global Extruded Activated Carbon Market 2017 – Cabot Corporation (CBT), Osaka Gas Chemicals, Kuraray (sbwire.com)
- Cabot Corporation (CBT) Announces $0.32 Quarterly Dividend (americanbankingnews.com)
Cabot Corporation (NYSE CBT) opened at $59.52 on Thursday. The company has a current ratio of 1.70, a quick ratio of 1.17 and a debt-to-equity ratio of 0.41. The stock has a market cap of $3,810.22, a price-to-earnings ratio of 17.95, a price-to-earnings-growth ratio of 1.63 and a beta of 1.11. Cabot Corporation has a 1 year low of $50.21 and a 1 year high of $64.66.
Cabot Corporation (NYSE:CBT) last issued its quarterly earnings data on Tuesday, October 31st. The specialty chemicals company reported $0.91 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.93 by ($0.02). The company had revenue of $723.00 million for the quarter, compared to analysts’ expectations of $683.30 million. Cabot Corporation had a net margin of 8.87% and a return on equity of 15.11%. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.00 earnings per share. equities research analysts predict that Cabot Corporation will post 3.78 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 24th will be given a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Wednesday, November 22nd. Cabot Corporation’s payout ratio is currently 33.07%.
A number of equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Cabot Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Jefferies Group LLC reiterated a “buy” rating and set a $74.00 price target on shares of Cabot Corporation in a report on Friday, November 3rd. KeyCorp reiterated a “hold” rating on shares of Cabot Corporation in a report on Wednesday, November 1st. Loop Capital assumed coverage on shares of Cabot Corporation in a report on Thursday, September 28th. They set a “hold” rating and a $59.00 price target for the company. Finally, ValuEngine lowered shares of Cabot Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $61.14.
In other Cabot Corporation news, insider Hobart Kalkstein sold 3,881 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $53.39, for a total transaction of $207,206.59. Following the transaction, the insider now directly owns 27,736 shares of the company’s stock, valued at approximately $1,480,825.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.50% of the stock is currently owned by insiders.
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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