Cabot (CBT) Expected to Announce Quarterly Earnings on Monday

Cabot (NYSE:CBT) is expected to post its quarterly earnings results after the market closes on Monday, February 3rd. Analysts expect Cabot to post earnings of $1.74 per share and revenue of $997,104.78 billion for the quarter. Cabot has set its FY 2025 guidance at 7.400-7.800 EPS and its FY25 guidance at $7.40-7.80 EPS.Parties interested in participating in the company’s conference call can do so using this link.

Cabot (NYSE:CBT) last posted its quarterly earnings data on Monday, November 4th. The specialty chemicals company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.01). Cabot had a net margin of 9.51% and a return on equity of 26.60%. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the firm posted $1.65 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, analysts expect Cabot to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Cabot Stock Performance

NYSE CBT opened at $88.26 on Monday. The business’s 50-day moving average price is $97.96 and its 200 day moving average price is $102.46. The company has a quick ratio of 1.36, a current ratio of 2.08 and a debt-to-equity ratio of 0.68. The firm has a market cap of $4.80 billion, a P/E ratio of 13.09, a P/E/G ratio of 0.78 and a beta of 1.21. Cabot has a 52-week low of $70.63 and a 52-week high of $117.46.

Cabot announced that its Board of Directors has authorized a stock buyback program on Tuesday, December 3rd that authorizes the company to buyback 10,000,000 shares. This buyback authorization authorizes the specialty chemicals company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Cabot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.72 annualized dividend and a dividend yield of 1.95%. Cabot’s dividend payout ratio (DPR) is currently 25.52%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CBT shares. Mizuho cut their price objective on shares of Cabot from $122.00 to $110.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. JPMorgan Chase & Co. cut shares of Cabot from a “neutral” rating to an “underweight” rating and set a $105.00 price target for the company. in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $102.00.

Insider Buying and Selling at Cabot

In other Cabot news, EVP Hobart Kalkstein sold 34,759 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $115.23, for a total transaction of $4,005,279.57. Following the sale, the executive vice president now directly owns 50,627 shares in the company, valued at approximately $5,833,749.21. The trade was a 40.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Lisa M. Dumont sold 865 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $111.74, for a total value of $96,655.10. Following the completion of the sale, the chief accounting officer now directly owns 9,742 shares in the company, valued at $1,088,571.08. This trade represents a 8.15 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,190 shares of company stock valued at $5,751,534. 3.07% of the stock is owned by company insiders.

Cabot Company Profile

Cabot Corporation operates as a specialty chemicals and performance materials company. The company operates through two segments, Reinforcement Materials and Performance Chemicals. It offers reinforcing carbons that are 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 engineered elastomer composites solutions.