Equities research analysts expect Cabot Corp (NYSE:CBT) to report sales of $864.60 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Cabot’s earnings, with the highest sales estimate coming in at $901.00 million and the lowest estimate coming in at $817.49 million. Cabot reported sales of $854.00 million during the same quarter last year, which would suggest a positive year over year growth rate of 1.2%. The business is expected to issue its next quarterly earnings results on Monday, August 5th.
On average, analysts expect that Cabot will report full-year sales of $3.40 billion for the current fiscal year, with estimates ranging from $3.34 billion to $3.48 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $3.49 billion, with estimates ranging from $3.47 billion to $3.53 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Cabot.
Cabot (NYSE:CBT) last posted its quarterly earnings results on Monday, May 6th. The specialty chemicals company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.97 by $0.02. The company had revenue of $844.00 million during the quarter, compared to analysts’ expectations of $868.00 million. Cabot had a return on equity of 19.06% and a net margin of 8.13%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.04 EPS.
NYSE CBT opened at $41.28 on Monday. The stock has a market capitalization of $2.42 billion, a PE ratio of 10.24, a PEG ratio of 1.01 and a beta of 1.40. Cabot has a 1-year low of $39.57 and a 1-year high of $67.80. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 0.55.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, May 30th. This is a positive change from Cabot’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a yield of 3.39%. Cabot’s payout ratio is 32.75%.
Institutional investors have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC acquired a new position in Cabot during the 4th quarter worth approximately $28,000. Investors Research Corp acquired a new position in Cabot during the 1st quarter worth approximately $30,000. Twin Tree Management LP acquired a new position in Cabot during the 1st quarter worth approximately $30,000. Synovus Financial Corp acquired a new position in Cabot during the 1st quarter worth approximately $30,000. Finally, Private Capital Group LLC lifted its position in Cabot by 238.6% during the 1st quarter. Private Capital Group LLC now owns 799 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 563 shares in the last quarter. 87.16% of the stock is currently owned by hedge funds and other institutional investors.
Cabot Corporation operates as a specialty chemicals and performance materials company. The company offers rubber grade carbon blacks used in tires as a rubber reinforcing agent and performance additive, as well as in industrial products, such as hoses, belts, extruded profiles, and molded goods; and compounds of carbon black and rubber.
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