Somewhat Positive News Coverage Somewhat Unlikely to Impact Cabot (CBT) Share Price
News articles about Cabot (NYSE:CBT) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Cabot earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media headlines about the specialty chemicals company an impact score of 46.1169750167462 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Cabot Guns Debuts The Trump 45 Pistols (prweb.com)
- ETFs with exposure to Cabot Corp. : November 28, 2017 (finance.yahoo.com)
- Cabot Corp. :CBT-US: Earnings Analysis: 2017 By the Numbers : November 27, 2017 (finance.yahoo.com)
- Comparing Cabot (CBT) and Orion Engineered Carbons S.A (OEC) (americanbankingnews.com)
- Global Masterbatch Market Report 2017-2025 – Key Players in the $15.8 Bn Market are A. Schulman,, Ampacet, Cabot, Clariant, Plastiblends India & Global Colors Group (prnewswire.com)
Cabot (NYSE:CBT) traded up $1.17 during mid-day trading on Wednesday, hitting $61.80. The stock had a trading volume of 444,300 shares, compared to its average volume of 340,023. Cabot has a 52 week low of $50.21 and a 52 week high of $64.66. The company has a market cap of $3,760.00, a price-to-earnings ratio of 17.90, a P/E/G ratio of 1.62 and a beta of 1.11. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.17 and a current ratio of 1.70.
Cabot (NYSE:CBT) last released its quarterly earnings data on Tuesday, October 31st. The specialty chemicals company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.02). Cabot had a net margin of 8.87% and a return on equity of 15.11%. The company had revenue of $723.00 million during the quarter, compared to the consensus estimate of $683.30 million. During the same quarter in the prior year, the company posted $1.00 earnings per share. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. research analysts expect that Cabot will post 3.78 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be given a dividend of $0.315 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $1.26 dividend on an annualized basis and a yield of 2.04%. Cabot’s dividend payout ratio (DPR) is presently 33.07%.
Several equities analysts have commented on the company. Zacks Investment Research cut Cabot from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Loop Capital assumed coverage on Cabot in a research note on Thursday, September 28th. They issued a “hold” rating and a $59.00 price objective on the stock. J P Morgan Chase & Co upgraded Cabot from a “neutral” rating to an “overweight” rating and set a $57.00 price objective on the stock in a research note on Tuesday, August 15th. Jefferies Group reiterated a “buy” rating and issued a $74.00 price objective on shares of Cabot in a research note on Friday, November 3rd. Finally, KeyCorp reiterated a “hold” rating on shares of Cabot in a research note on Wednesday, November 1st. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Cabot has a consensus rating of “Hold” and a consensus price target of $61.14.
In related news, insider Hobart Kalkstein sold 3,881 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $53.39, for a total transaction 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 filing with the SEC, which can be accessed through this hyperlink. 2.50% of the stock is owned by corporate insiders.
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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