FY2018 EPS Estimates for Cabot Corp Increased by Analyst (CBT)
Cabot Corp (NYSE:CBT) – Equities researchers at Jefferies Group increased their FY2018 EPS estimates for shares of Cabot in a research report issued on Thursday. Jefferies Group analyst L. Alexander now expects that the specialty chemicals company will post earnings of $3.95 per share for the year, up from their previous forecast of $3.80. Jefferies Group currently has a “Buy” rating and a $78.00 target price on the stock. Jefferies Group also issued estimates for Cabot’s Q4 2018 earnings at $1.09 EPS.
Cabot (NYSE:CBT) last announced its earnings results on Tuesday, February 6th. The specialty chemicals company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.15. Cabot had a net margin of 2.30% and a return on equity of 15.01%. The business had revenue of $720.00 million during the quarter, compared to the consensus estimate of $653.54 million. During the same quarter last year, the firm earned $0.84 earnings per share. Cabot’s quarterly revenue was up 17.8% on a year-over-year basis.
Cabot (NYSE CBT) opened at $62.15 on Friday. Cabot has a 52 week low of $50.21 and a 52 week high of $68.63. The firm has a market cap of $3,830.81, a price-to-earnings ratio of 63.42, a P/E/G ratio of 1.58 and a beta of 1.25. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.17 and a current ratio of 1.63.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be issued a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, February 22nd. Cabot’s payout ratio is 128.57%.
A number of large investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. grew its holdings in Cabot by 2.0% in the second quarter. Ameritas Investment Partners Inc. now owns 18,696 shares of the specialty chemicals company’s stock worth $999,000 after purchasing an additional 363 shares during the period. Gratus Capital LLC grew its holdings in Cabot by 9.9% in the third quarter. Gratus Capital LLC now owns 8,853 shares of the specialty chemicals company’s stock worth $494,000 after purchasing an additional 800 shares during the period. American International Group Inc. grew its holdings in Cabot by 0.7% in the fourth quarter. American International Group Inc. now owns 128,162 shares of the specialty chemicals company’s stock worth $7,893,000 after purchasing an additional 855 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Cabot by 11.5% during the third quarter. Pacer Advisors Inc. now owns 9,232 shares of the specialty chemicals company’s stock valued at $515,000 after buying an additional 950 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Cabot by 48.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,663 shares of the specialty chemicals company’s stock valued at $226,000 after buying an additional 1,194 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.
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Cabot 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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