Press coverage about Cabot Corp (NYSE:CBT) has been trending somewhat positive recently, AlphaOne Sentiment Analysis reports. The research group, a service of Accern, ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cabot Corp earned a coverage optimism score of 0.08 on AlphaOne’s scale. AlphaOne also gave headlines about the specialty chemicals company an impact score of 75 out of 100, indicating that recent news coverage is likely to have an impact on the stock’s share price in the next few days.
Several analysts have weighed in on the stock. Zacks Investment Research cut shares of Cabot Corp from a “buy” rating to a “hold” rating in a research note on Friday, May 5th. Jefferies Group LLC reissued a “buy” rating and set a $68.00 price target on shares of Cabot Corp in a research note on Friday, March 24th. TheStreet raised shares of Cabot Corp from a “c+” rating to a “b” rating in a research note on Thursday, February 9th. Finally, SunTrust Banks, Inc. began coverage on shares of Cabot Corp in a research note on Tuesday, April 18th. They set a “buy” rating and a $56.00 price target on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $60.60.
Shares of Cabot Corp (NYSE:CBT) opened at 51.44 on Friday. Cabot Corp has a 1-year low of $42.27 and a 1-year high of $61.34. The stock’s 50 day moving average is $56.54 and its 200 day moving average is $55.11. The company has a market capitalization of $3.21 billion, a PE ratio of 13.77 and a beta of 1.21.
Cabot Corp (NYSE:CBT) last released its quarterly earnings data on Monday, May 1st. The specialty chemicals company reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.02. The business had revenue of $678 million during the quarter, compared to analysts’ expectations of $637.57 million. Cabot Corp had a net margin of 8.68% and a return on equity of 16.25%. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.70 EPS. On average, equities research analysts anticipate that Cabot Corp will post $3.47 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Friday, May 26th will be given a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 2.45%. This is a boost from Cabot Corp’s previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, May 24th. Cabot Corp’s dividend payout ratio is currently 36.14%.
In other Cabot Corp news, Director Patrick M. Prevost sold 61,363 shares of the business’s stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $59.14, for a total transaction of $3,629,007.82. Following the sale, the director now directly owns 328,053 shares of the company’s stock, valued at approximately $19,401,054.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Patrick M. Prevost sold 92,562 shares of the business’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $58.22, for a total transaction of $5,388,959.64. Following the sale, the director now directly owns 293,548 shares in the company, valued at $17,090,364.56. The disclosure for this sale can be found here. 2.50% of the stock is owned by corporate insiders.
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About Cabot Corp
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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