Cabot (CBT) Expected to Announce Quarterly Earnings on Monday

Cabot (NYSE:CBT) is expected to be issuing its quarterly earnings data after the market closes on Monday, February 3rd. Analysts expect the company to announce earnings of $1.74 per share and revenue of $997.11 million 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.Investors interested in participating in the company’s conference call can do so using this link.

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

Cabot Trading Down 1.0 %

Shares of CBT stock opened at $86.39 on Friday. Cabot has a fifty-two week low of $70.63 and a fifty-two week high of $117.46. The stock’s fifty day moving average price is $95.85 and its two-hundred day moving average price is $102.11. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.36 and a current ratio of 2.08. The company has a market cap of $4.68 billion, a PE ratio of 12.82, a P/E/G ratio of 0.75 and a beta of 1.21.

Cabot announced that its board has authorized a stock buyback plan on Tuesday, December 3rd that permits the company to buyback 10,000,000 outstanding shares. This buyback authorization permits the specialty chemicals company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

Cabot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Friday, February 28th. Cabot’s dividend payout ratio is presently 25.52%.

Insider Activity at Cabot

In other Cabot news, EVP Hobart Kalkstein sold 34,759 shares of Cabot stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $115.23, for a total value of $4,005,279.57. Following the completion of 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Lisa M. Dumont sold 865 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $111.74, for a total value of $96,655.10. Following the transaction, the chief accounting officer now owns 9,742 shares in the company, valued at $1,088,571.08. The trade was a 8.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,190 shares of company stock worth $5,751,534 over the last quarter. Company insiders own 3.07% of the company’s stock.

Analyst Ratings Changes

CBT has been the subject of several analyst reports. JPMorgan Chase & Co. downgraded shares of Cabot from a “neutral” rating to an “underweight” rating and set a $105.00 price target for the company. in a research note on Monday, November 11th. Mizuho cut their target price on Cabot from $122.00 to $110.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Cabot currently has an average rating of “Hold” and an average price target of $102.00.

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.