Equities analysts expect that Cabot Corporation (NYSE:CBT) will announce $0.79 earnings per share for the current quarter, according to Zacks. Two analysts have issued estimates for Cabot Corporation’s earnings, with estimates ranging from $0.73 to $0.95. Cabot Corporation posted earnings of $0.84 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 6%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, February 7th.

According to Zacks, analysts expect that Cabot Corporation will report full-year earnings of $3.78 per share for the current year, with EPS estimates ranging from $3.70 to $3.90. For the next year, analysts expect that the company will report earnings of $4.17 per share, with EPS estimates ranging from $4.05 to $4.40. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Cabot Corporation.

Cabot Corporation (NYSE:CBT) last issued its earnings results on Tuesday, October 31st. The specialty chemicals company reported $0.91 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.93 by ($0.02). The firm had revenue of $723.00 million for the quarter, compared to analysts’ expectations of $683.30 million. Cabot Corporation had a return on equity of 15.11% and a net margin of 8.87%. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.00 EPS.

A number of brokerages have issued reports on CBT. Zacks Investment Research lowered Cabot Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Jefferies Group LLC reissued a “buy” rating and set a $74.00 price target on shares of Cabot Corporation in a research report on Friday, November 3rd. KeyCorp reissued a “hold” rating on shares of Cabot Corporation in a research report on Wednesday, November 1st. Loop Capital assumed coverage on Cabot Corporation in a research report on Thursday, September 28th. They set a “hold” rating and a $59.00 price target on the stock. Finally, ValuEngine lowered Cabot Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Cabot Corporation has a consensus rating of “Hold” and an average target price of $61.14.

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In other news, insider Hobart Kalkstein sold 3,881 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $53.39, for a total transaction of $207,206.59. Following the completion of the sale, the insider now directly owns 27,736 shares of the company’s stock, valued at $1,480,825.04. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.50% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Cabot Corporation by 9.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,469 shares of the specialty chemicals company’s stock valued at $132,000 after purchasing an additional 209 shares during the last quarter. Old Mutual Global Investors UK Ltd. purchased a new stake in Cabot Corporation in the 2nd quarter worth about $155,000. Parametrica Management Ltd purchased a new stake in Cabot Corporation in the 3rd quarter worth about $217,000. Virginia Retirement Systems ET AL purchased a new stake in Cabot Corporation in the 3rd quarter worth about $218,000. Finally, Quantbot Technologies LP lifted its stake in Cabot Corporation by 244.4% in the 2nd quarter. Quantbot Technologies LP now owns 4,643 shares of the specialty chemicals company’s stock worth $248,000 after acquiring an additional 3,295 shares in the last quarter. 84.28% of the stock is owned by institutional investors and hedge funds.

Shares of Cabot Corporation (CBT) traded up $0.06 on Monday, hitting $60.54. The company’s stock had a trading volume of 239,004 shares, compared to its average volume of 346,864. Cabot Corporation has a one year low of $50.21 and a one year high of $64.66. The firm has a market cap of $3,770.00, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 1.59 and a beta of 1.11. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.17 and a current ratio of 1.70.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be paid a dividend of $0.315 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $1.26 annualized dividend and a yield of 2.08%. Cabot Corporation’s dividend payout ratio is currently 53.85%.

Cabot Corporation 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 Corporation (NYSE:CBT)

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