Wall Street brokerages expect that Cabot Corp (NYSE:CBT) will post earnings of $1.00 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Cabot’s earnings. The lowest EPS estimate is $0.98 and the highest is $1.02. Cabot reported earnings per share of $0.87 in the same quarter last year, which would suggest a positive year-over-year growth rate of 14.9%. The company is scheduled to issue its next quarterly earnings results on Monday, May 7th.

According to Zacks, analysts expect that Cabot will report full-year earnings of $4.08 per share for the current fiscal year, with EPS estimates ranging from $3.95 to $4.20. For the next financial year, analysts anticipate that the company will report earnings of $4.58 per share, with EPS estimates ranging from $4.45 to $4.75. Zacks’ EPS calculations are an average based on a survey of research firms that cover Cabot.

Cabot (NYSE:CBT) last posted its earnings results on Tuesday, February 6th. The specialty chemicals company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.78 by $0.15. The firm had revenue of $720.00 million during the quarter, compared to the consensus estimate of $653.54 million. Cabot had a return on equity of 15.01% and a net margin of 2.30%. The business’s quarterly revenue was up 17.8% on a year-over-year basis. During the same period last year, the company earned $0.84 earnings per share.

CBT has been the subject of several research reports. KeyCorp reiterated a “hold” rating on shares of Cabot in a research report on Wednesday, November 1st. Jefferies Group reiterated a “buy” rating and issued a $74.00 target price on shares of Cabot in a research report on Friday, November 3rd. Zacks Investment Research cut Cabot from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. SunTrust Banks raised Cabot from a “hold” rating to a “buy” rating in a research note on Tuesday, December 19th. Finally, ValuEngine raised Cabot from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $72.33.

Hedge funds have recently modified their holdings of the company. Citizens Financial Group Inc RI acquired a new stake in shares of Cabot in the fourth quarter valued at about $142,000. Parametrica Management Ltd acquired a new stake in shares of Cabot in the third quarter valued at about $217,000. Virginia Retirement Systems ET AL acquired a new stake in Cabot during the third quarter worth approximately $218,000. Quadrature Capital Ltd acquired a new stake in Cabot during the fourth quarter worth approximately $219,000. Finally, State of Alaska Department of Revenue acquired a new stake in Cabot during the fourth quarter worth approximately $221,000. 82.36% of the stock is owned by institutional investors.

Cabot (NYSE CBT) traded up $0.20 during trading on Thursday, reaching $63.40. The company’s stock had a trading volume of 376,164 shares, compared to its average volume of 486,739. The company has a quick ratio of 1.02, a current ratio of 1.63 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $3,841.31, a P/E ratio of 64.69, a PEG ratio of 1.55 and a beta of 1.25. Cabot has a 1 year low of $50.21 and a 1 year high of $68.63.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be paid a $0.315 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $1.26 annualized dividend and a dividend yield of 1.99%. Cabot’s payout ratio is 128.57%.

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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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Earnings History and Estimates for Cabot (NYSE:CBT)

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